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Zoom announces US$100 million Zoom Apps Fund

Zoom announces US$100 million Zoom Apps Fund

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Zoom Video Communications, has announced the Zoom Apps Fund, a new US$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 US$250,000 and US$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.

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. “I founded Zoom in 2011, nearly 10 years ago. Without the support of early investors, Zoom would not be what it is today,” said Eric S. Yuan, Founder and CEO, Zoom. “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.”

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