Salesforce is quietly investing $100 million in Zoom ahead of its big IPO — here are its 5 biggest investments in public companies

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Salesforce is quietly investing $100 million in Zoom ahead of its big IPO — here are its 5 biggest investments in public companies
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Salesforce has invested $1.3 billion in other public companies — mostly those that are making software for businesses.

Robert Galbraith/ReutersIts latest investment is a $100 million private placement in Zoom, which is set to go public in mid-April.brings in billions of dollars in revenue each year from its software subscriptions. But the $122 billion cloud company is also a big investor in other tech companies — and it seems especially fond of pouring money into other public companies that sell software to businesses.

with a valuation that could hit as high as $8.25 billion. Salesforce Ventures will buy $100 million worth of Zoom shares in a private placement at the company's yet-to-be-revealed IPO price. These investments add up. As of January 31, 2019, Salesforce owned $1.3 billion worth of equity in other companies — both public and private — according toIn afrom February, Salesforce revealed the size and scope of its biggest public holdings. All together, the company's five largest public investments account for $441 million. That number will shoot up to $541 million after Zoom's IPO, making public investments nearly half of all of Salesforce's portfolio.

 

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