Salesforce Ventures, the American cloud behemoth's corporate investment arm, has earmarked $100 million to back promising European enterprise cloud software startups, TechCrunch reports.
The news comes right after Salesforce Ventures was revealed to be the latest investor in the Series A round of Portugal's Talkdesk. Just over a year ago, Salesforce announced that it had set up a $100 million 'Salesforce1' fund to invest in mobile innovation, specifically.
London-based Alex Kayyal, who recently joined Salesforce Ventures, will head up the European operations of the corporate VC.
**For some very related additional reading:**
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Deutsche Telekom to launch new €500 million fund to invest in both startups and mature companies
Google sets up European venture capital arm with initial $100 million fund and four general partners
Point Nine Capital debuts €55 million fund to back early-stage SaaS and marketplace startups
Swiss-German VC firm b-to-v Partners joins the fundraising craze with a €100 million+ third fund
VC firm Atomico has researched the size of the late-stage funding gap in Europe
European VC firms raised more than €2 billion in Q2 2015, an increase of 30%
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