Zoom has launched the Zoom Apps Fund, a new $100 million venture fund created to stimulate growth of Zoom’s ecosystem of Zoom Apps, integrations, developer platform, and hardware.
Portfolio companies will receive initial investments between $250,000 and $2.5 million to build solutions that will become core to how Zoom customers meet, communicate, and collaborate. Zoom Apps, announced at Zoomtopia 2020, are leading applications that will bring productivity and engaging experiences directly into the Zoom platform.
“I founded Zoom in 2011, nearly ten years ago. Without the support of early investors, Zoom would not be what it is today,” said Eric S. Yuan, Founder and CEO of Zoom.
As we celebrate our 10th anniversary this year, the Zoom Apps Fund is our commitment to supporting developer partners and stimulating growth of our ecosystem of Zoom Apps, integrations, and hardware to create new and engaging experiences for our customers.
We’re looking to make an initial investment of $250,000 to $2.5 million in each portfolio company. But for us, an investment goes beyond capital. We’re committed to helping our partners succeed.
Dozens of Zoom Apps are currently in development and are an important component in building the future of video communications. The Zoom Apps Fund will invest in developer partners with viable products and early market traction that will provide valuable and engaging experiences to our customers.
Yuan added:
“What I’ve learned over the past year is that we need to keep meetings productive and fun. My hope is that the Zoom Apps Fund will help our customers meet happier and collaborate even more seamlessly, and at the same time help entrepreneurs build new businesses as our platform evolves.”
We’ve got a vision to help people accomplish more through video communications, and we’re looking for companies that share that vision. Our new Zoom Apps Fund will aspire to invest thoughtfully in teams that are committed to building new and positive experiences for our customers.
If you’re passionate about creating products and integrations that provide value to our customers, helping them communicate more easily, meet happier, and be more productive, we want to hear from you
What Zoom is looking for in partners
Zoom is looking for companies creating products that are a solid fit for the Zoom ecosystem and provide value to their customers. Companies should have a viable product and early market traction to be considered. The company is expected to make investment decisions monthly.
- Growth stage: Zoom are stage agnostic but primarily focused on seed to Series A stages
- Investment: Initial funding will range between $250,000 and $2.5 million
- Requirements: Commitment to developing on and investing in the Zoom ecosystem (including Zoom Apps, integrations, APIs, SDKs, and hardware
Interested parties can apply to become a Zoom Apps Fund partner here.
