Zoom has launched a venture capital arm to invest in companies that complement its collaboration platform.
The division, named Zoom Ventures, will “drive innovation in the ecosystem and advance global companies aligned to Zoom”.
- Zoom Makes CX Acquisition
- Whiteboard Collaboration Tool From Zoom Now Available
- Zoom Improves Hybrid Learning Experience in Education
Sanjay Rao, Head of Corporate Development, M&A Strategy and Zoom Ventures, said: “Zoom is a leading video communications platform today in part due to the investor and ecosystem support we received when Zoom was a startup more than ten years ago.
“It’s our goal to drive ecosystem innovation for like-minded organizations through Zoom Ventures.”
Zoom has invested in companies that integrate with its platform, including Neat, DTEN and Theta Lake.
Other companies to receive a cash injection from Zoom include meetings insights start-up Grain and CX player Creta and interoperability provider Mio.
A list of companies Zoom has invested in is available on the new Zoom Ventures website.
Zoom itself raised $2bn last year to help fund its continued growth.
The vendor reported its quarterly sales last week, revealing a boom in the enterprise space as it looks to build on its considerable success over the past two years.
