Popular video conferencing app Zoom launched its Zoom Apps Fund, a $100 million venture fund that has been designed to bolster growth among its apps ecosystem.
Zoom already integrates with several app partners like Asana, Box, Unsplash and Trello, to name a few.
The Apps Fund is aimed at developers and partners to help them bring new products to market more rapidly.
End customers benefit with improved integrations and better utility tools for their day-to-day business and personal needs.
As part of the fund, companies will receive an initial investment of between $250,000 to a maximum of $2.5 million to create new solutions that meet customers’ needs.
Developers can apply online, but their solutions should be a good fit for the Zoom ecosystem and must add value for customers.
“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, CEO and founder of 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.”