{"id":51240,"date":"2019-03-06T19:07:00","date_gmt":"2022-10-18T19:07:30","guid":{"rendered":"https:\/\/www.salesforce.com\/?p=51240"},"modified":"2022-11-01T21:03:56","modified_gmt":"2022-11-02T04:03:56","slug":"what-salesforce-ventures-50m-australia-trailblazer-fund-means-for-local-startups","status":"publish","type":"post","link":"https:\/\/www.salesforce.com\/au\/blog\/what-salesforce-ventures-50m-australia-trailblazer-fund-means-for-local-startups\/","title":{"rendered":"What our $50m Australia Trailblazer Fund Means For Local Startups"},"content":{"rendered":"\n

For the past 10 years Salesforce Ventures, Salesforce\u2019s global corporate investment arm, has invested in more than 300 companies in 20 countries. In 2018, we completed a record 95 investments<\/a> and, for the second year in a row, invested more outside of California than within the state.<\/a><\/p>\n\n\n\n

Just recently, we were also named the number two most active corporate venture capital firm globally<\/a>. As part of our commitment to create the world\u2019s largest ecosystem of enterprise cloud companies to fuel customer success, in 2018 we launched regional funds focused on <\/a>Canada<\/a> and Japan<\/a>.<\/p>\n\n\n\n

Today, I\u2019m very excited to be sharing that Salesforce Ventures will be adding Australia to that list by announcing our new Salesforce Ventures $50m Australia Trailblazer Fund! It\u2019s a new $50 million fund aimed at empowering Australian startups in the Salesforce ecosystem.<\/p>\n\n\n\n

In my six years with Salesforce Ventures, I have been lucky to partner with incredible start-ups and ambitious entrepreneurs, including innovative companies here in Australia such as Arxxus, Autopilot, Bugcrowd, Sqware Peg, and Australia PitchComp 2017 and 2018 winners Practifi<\/a> and SocialSuite<\/a> \u2013 I can\u2019t wait to see that continue with the Australia Trailblazer fund.<\/p>\n\n\n\n

We have seen the tremendous potential that exists here, and my team and I are looking forward to exploring it further and in greater depth.<\/p>\n\n\n\n

Startups are powering Australia\u2019s future<\/h2>\n\n\n\n

Almost half of Australian startups are trying to raise funds to get their ideas off the ground and into market. And of those startups 45% are looking to deliver SaaS products.<\/p>\n\n\n\n

If these startups can secure financing and scale, a quarter of the Australian economy will likely be directly impacted by software by 2025 \u2013 $524 billion of GDP.<\/p>\n\n\n\n

There is no limit to what these startups can achieve with the right support and direction. This is the journey we\u2019re joining our Australian startup partners on today.<\/p>\n\n\n\n

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