Australia Trailblazer Fund is the third such regional fund to be formed by Salesforce Ventures in the past nine months and follows $100m vehicles in Canada and Japan.
Customer relationship management software provider Salesforce’s corporate venture capital arm, Salesforce Ventures, launched a $50m Australia-focused fund on Monday dubbed Australia Trailblazer Fund.
The vehicle will invest in enterprise software developers based in Australia and represents the latest in a series of Trailblazer Funds formed by the corporate, beginning with the creation of SI Trailblazer Fund in mid-2017 to back cloud consulting service providers.
US-headquartered Salesforce subsequently formed the $100m Canada Trailblazer Fund in May 2018 before putting…
