US-based customer relationship management platform Salesforce launched its $50m SI Trailblazer Fund yesterday that will focus on cloud consulting businesses.
The fund will operate alongside the SI Trailblazer Alliance Initiative, which will provide portfolio companies access to resources and training, such as marketing and sales mentoring as well as accelerated onboarding.
The fund is expected to support cloud consulting firms as they build and scale their Salesforce services capabilities.
The SI Trailblazer Fund has already made its first investments, including 7Summits, an online community consulting platform, Arxxus, a provider of Salesforce professional services in Australia, and ATG, which provides quote-to-cash advisory and implementation services.