New $50 Million Consultant Trailblazer Fund Announced By Salesforce

Salesforce, the global leader in customer relationship management, has announced that the global corporate investment group of the company – Salesforce Ventures – has launched a new $50 million Consultant Trailblazer Fund. 

This fund would be made available to the next generation of digital agencies and cloud consulting companies so they can create millions of jobs in the next few years as these companies move ahead to accelerate their digital transformations. The capital would also empower more customers to transform their businesses with Salesforce.

The Consultant Trailblazer Fund will empower more Salesforce partners to deliver personalized and trusted experiences customers expect. It will also be utilized to drive customer success with Salesforce Customer 360. It is a huge step forward as Salesforce works towards its goal of reaching 250,000 certified consultants by the end of the year 2022.

John Somorjai, executive vice president of Corporate Development and Salesforce Ventures remarked that Salesforce Ventures is the sole strategic fund that is 100 percent focused on creating the largest ecosystem of enterprise cloud companies in the world.

In May 2017, Salesforce had launched its first $50 million consultant trailblazer fund. The CRM giant committed investment in just over a period of two years. Salesforce Ventures has invested in leading Salesforce consulting firms including ListEngage, Astound Commerce, Simplus, and Xertica to accelerate consistent growth by implementing Salesforce technologies.

According to new research from IDC, 4.2 million new jobs and $1.2 trillion in new business revenues would be generated worldwide between 2019 and 2024 by Salesforce and its ecosystem of partners and customers. The consistent surge in Salesforce solutions provides a huge opportunity for Salesforce partners and the Salesforce practices of these partners have grown by more than 50 percent annually according to estimates.