Zoom reveals the first set of startups to secure funding from its $100 million investment fund

Zoom reveals the first 12 companies to invest under the $100M Zoom Apps Fund, four months after its launch. The companies would receive anything between $250000 to $2.5 million in equity funding, reports indicate

Four months after it launched its $100 million Zoom Apps Fund, Zoom Video Communications announced its twelve companies in the first roster to invest in, reports state.

Read also: Nigerian Fintech startup OPay secures US$400mn funding

The Zoom Apps Fund was a part of Zoom’s mission to transform from an application into a platform after it announced Zoom Apps Development tools and the Zoom Apps marketplace last year. The Fund aims to make strategic investments in growth-stage startups.

In an interview with TechCrunch, Ross Mayfield, product lead for Zoom Apps and Integrations, stated that it is necessary to focus on the seed stage and A stage of partnering with entrepreneurs to create great things on the Zoom platform.

“I think what you see in the first batch of more than a dozen investments is representative of something that’s going to be a significant ongoing undertaking,” – Ross Mayfield

How to raise $1,000,000 million+ through Venture Financing

It is reported that companies must apply for the funding with a market-ready product having some traction built for Zoom to qualify. The companies would receive anything between $250000 to $2.5 million in equity funding. The companies revealed in the first roster to receive investments include,

  • BrightHire: An “interview intelligence” platform helping businesses run real-time interviews online
  • Docket: A meeting productivity platform helping organizers prioritize topics and set time limits.
  • Fathom: An AI-powered note-taking app with support for automatically recording, transcribing, and highlighting key moments.
  • Hive: A project management and collaboration platform supporting Gantt, Kanban, table, and calendar view.
  • Polly: A team engagement app using fun interactive questions, live Q&A to solicit instant feedback.
  • Spinach: Spinach, still in private beta, aspires to reimagine remote meetings and workflows, focusing on running better daily standups.
  • Warmly: AI-powered business cards that allow meeting participants to share information about themselves and reveal mutual connections instantly.
  • WorkPatterns: For collaborating on meeting agendas, documenting decisions, exchanging feedback, and more.
  • Pledge: Designed to help fundraising via virtual events on Zoom.
  • Canvas: A diversity recruitment platform (DRP) to encourage a more diverse workforce.
  • Quicksave Interactive: A Finnish studio that develops HTML5 games, such as Werewolf with Friends.
  • Bright: A live video chat platform for remote learning.

Read the original article here

Nichole Manhire

Is the media and brand manager at GFA News. She works very closely with editors and podcasters that contribute to telling the African business success story. For marketing and advertising send Nichole an email:

Related Articles


  1. Good day! This is my first comment here so I just wanted to give a quick shout out and say I genuinely enjoy reading through your posts. Can you suggest any other blogs/websites/forums that deal with the same topics? Appreciate it!

  2. I like what you guys are up too. Such clever work
    and reporting! Keep up the excellent works guys I’ve incorporated you
    guys to my blogroll. I think it’ll improve the value of my website

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button