Canada will be home to a new venture capital fund that will invest in enterprise cloud startups.
Salesforce Ventures, the global investment arm of Salesforce, a leading cloud-hosted business software provider.
According to a recent press release from Salesforce, the $100 million Canada Trailblazer Fund has already taken stakes in four Canadian startups building cloud-based tools for the enterprise, including Tier1CRM, Traction Guest, Tulip and OSF Commerce.
The companies mentioned above join a handful of other Canadian enterprise cloud companies in Salesforce’s broader investment portfolio.
In the years prior to announcing the new Canada Trailblazer Fund, Salesforce Ventures made investments in Aislelabs, Vidyard and LeadSift.
Investors’ growing appetite for Canada’s cloud companies