
Zoom investing in startups
Zoom has announced a USD 100 million investment fund to finance the most promising startups using the Zoom toolset to launch a business. “We’re looking for companies with a viable product and early market traction, and a commitment to developing on and investing in the Zoom ecosystem,” Zoom’s Colin Born wrote in a blog.
The company plans to invest between USD 250,000 and USD 2.5 million in each startup in the portfolio.
“Ten years ago, Zoom was a startup. We wouldn’t be where we are today without the support of earlier investors. No we’re funding innovative companies that are inspired to build the next big thing in the Zoom platform ecosystem”, the company says on its website.
“We’re looking for companies creating products that are a solid fit for our Zoom ecosystem and provide value to our customers. Companies should have a viable product and early market traction to be considered. We expect to make investment decisions monthly.”
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