Salesforce's corporate venturing unit is set to invest the cash to take advantage of an expected European cloud software boom in the next few years.
Salesforce Ventures, the strategic investment arm of US-based cloud computing company Salesforce.com, is putting aside $100m to fund European startups, it revealed today.
The unit has invested in more than 150 cloud computing startups since 2009, with its Europe-based portfolio including location data technology supplier CartoDB, marketing data technology developer Qubit and cloud call centre company NewVoiceMedia.
Salesforce is providing the cash to support a European public cloud software space expected to grow 12 times faster than…