Salesforce to Invest $100M in European Startups

;Salesforce

today announced that Salesforce Ventures—the company's global corporate investment group—has allocated $100 million to invest in European startups to fuel cloud innovation and customer success in the region. IDC forecasts that Europe's public cloud software market will grow almost 12 times faster than other IT segments to reach €33.3 billion by 20191. The new $100 million commitment will provide funding and support to the entrepreneurs driving this growth in Europe. The global shift to the cloud has opened the door to new and exciting social, mobile and data science technologies, and has created unprecedented growth in cloud computing spending by companies across Europe. Since 2009, Salesforce Ventures has been actively investing in the next generation of enterprise cloud startups that are part of the emerging global enterprise app economy. Salesforce Ventures portfolio companies receive funding to accelerate their growth and gain a competitive edge through access to the world's largest