The unit's second Impact Fund is double the size of the first vehicle, which it launched three years ago to tackle social, environmental and inclusion issues.

Salesforce Ventures, the strategic investment arm of US-based enterprise software producer Salesforce, launched its second Impact Fund yesterday with $100m in capital.

The fund will focus on companies developing cloud software that can help address pressing social and environmental issues in addition to those producing technology for use by foundations and non-profit organisations.

Target areas that will be addressed through the fund include tools that can promote economic inclusion and diversity, technologies that can help sustainability and address climate change,…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.