Salesforce, a major cloud CRM provider has announced a new $50 million Trailblazer Fund.
Salesforce said the fund from will be provided from its Salesforce Ventures, the company’s corporate investment group.
The company said the Trailblazer Fund will be dedicated to the next-generation of cloud consulting firms, enabling them to accelerate their growth and drive greater customer success.
In conjunction with the fund, Salesforce said it will also be launching a new SI Trailblazer Alliance Initiative to provide portfolio companies with resources and training to build out their service capabilities for the future.
The direction of the new SI Trailblazer Fund investments include:
- 7Summits: As a leading online community consulting partner focused on the social community space and the Salesforce Community Cloud, 7Summits will use this investment to further fund its growth plans.
- Arxxus: Arxxus is a leading provider of Salesforce professional services in Australia that will leverage this investment to further expand its services capacity in the mid-market sector and its expertise in public sector.
- ATG: ATG provides quote-to-cash (CPQ) advisory and implementation services, and will leverage the investment to continue providing CPQ and billing expertise, services, training and tools to leading Salesforce partners as they build their practices across North America, EMEA and APAC.