Monday, October 01, 2007

CIO: Fund to Invest $25M in Startups

" has launched a US$25 million investment fund to encourage the development of new applications using its hosted development platform.

The fund, created with investment companies Bay Partners and Bessemer Venture Partners, will make investments of $500,000 or more in start-up companies using, the companies announced Monday. refers to as its "platform as a service." It allows companies to build add-ons to's hosted CRM (customer relationship management) software, or entirely new hosted applications, using pre-built database, logic and workflow services from"

No comments: