Zoom launches $100 million Zoom Apps Fund for developers

Zoom Video Communications, the American communications technology company, has introduced the Zoom Apps Fund, a $100 million initiative aimed at investing in applications utilizing its technology. The fund is set to make initial investments ranging from $250,000 to $2.5 million in each selected portfolio company.

Colin Born, Zoom’s Head of Corporate Development, announced the fund’s launch in an official blog post, expressing enthusiasm for supporting companies poised to transform the way Zoom customers meet, collaborate, and communicate on the expanding platform.

Born highlighted the role of the Zoom Apps ecosystem, integrations, video and client SDKs, and hardware in creating seamless, engaging, collaborative, and enjoyable Zoom experiences. The company is dedicated to nurturing growth across its ecosystem and providing support to the developer community to bring innovative ideas to life for Zoom customers.

The Zoom Apps Fund aims to capitalize on the numerous companies working on Zoom Apps integrations. Born emphasized the power of this engagement model and the significant opportunity for innovation, with the potential to impact millions of customers in a new and impactful way. The fund represents Zoom’s commitment to fostering a vibrant and innovative ecosystem for the benefit of its user community.