Zoom is investing $100m into its Apps Fund, a venture fund dedicated to growing its ecosystem of apps.
Zoom Apps – which was launched at the vendor’s Zoomtopia event last year - are applications that bring productivity and experiences directly into the Zoom platform.
The new global venture fund is intended to foster the growth of Zoom Apps, integrations, its developer platform and hardware. The initiative will see portfolio companies receive initial investments of between $250,000 and $2.5m to build solutions that will become central to how Zoom customers meet, communicate and collaborate.
The Zoom Apps Fund will invest in developer partners with viable products and early market traction and the vendor expects to make investment decisions on a monthly basis.
