KUALA LUMPUR – Zoom Video Communications Inc recently announced the creation of a new US$100 million (RM412 million) venture fund to stimulate growth of its ecosystem of Zoom Apps, integrations, developer platform and hardware.
Via the Zoom Apps fund, portfolio companies will receive initial investments of between US$250,000 and US$2.5 million to build solutions that will be core to how Zoom customers meet, communicate and collaborate.
Based on a statement, the fund will invest in developer partners with viable products and early market traction, providing valuable and engaging experiences to customers.
Zoom Apps, announced at Zoomtopia 2020, are leading applications that will bring productivity and engaging experiences directly into the Zoom platform.
Over the past year, Zoom founder and chief executive officer Eric S. Yuan learnt it is imperative that meetings be kept as fun and productive.
He hoped this fund will help customers collaborate even more seamlessly and meet happier, and help entrepreneurs build new businesses. – Bernama, April 20, 2021
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