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Salesforce announced Tuesday that it's launching the Salesforce Impact Fund, a $50 million initiative to accelerate the growth of startups that are using Salesforce technology to address some of the world's biggest problems. Through the fund, Salesforce will invest in these companies, furthering each one's goal of driving positive change.
We're really just excited to launch the Impact Fund ... to make the world a better place and a more equal place."
As part of Salesforce Ventures, the company's corporate investment group, the Impact Fund will focus on four key areas: workforce development and education, equality, environment, and the social sector.
In the equality category there's Ellevest, an investing platform started by Wall Street veteran Sallie Krawcheck that's designed for women and aims to solve the gender investment gap. For the environment, there's Angaza Design, a pay-as-you-go tech platform that helps manufacturers and distributors make clean energy devices more affordable for off-the-grid consumers.