By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
eBusiness Life MagazineeBusiness Life Magazine
  • Home
  • NewsBytes
  • Big Issues
  • Columns
  • Cyberparenting
  • Tech Talk
  • Gadget Review
  • Interviews
  • Our People
Notification Show More
Font ResizerAa
eBusiness Life MagazineeBusiness Life Magazine
Font ResizerAa
  • Categories
  • More Foxiz
    • Blog Index
    • Sitemap
Follow US
eBusiness Life Magazine > Blog > NewsBytes > Zoom Establishes $100M App Ecosystem Fund
NewsBytes

Zoom Establishes $100M App Ecosystem Fund

ELadmin1
Last updated: 2021/04/21 at 5:56 AM
By ELadmin1
Share
1 Min Read
SHARE

Video conferencing service provider Zoom Video Communications unveiled a $100 million fund for developers of collaboration and productivity apps, in an effort to boost its portfolio of features.

In a statement, Zoom said it created a venture fund which will initially invest between $250,000 and $2.5 million per start-up that builds services integrated into its offering.

The company said it will back developers “with viable products and early market traction that will provide valuable and engaging experiences to our customers”.

CEO Eric Yuan said the company focused on making meetings “productive and fun” and the fund will help users collaborate “even more seamlessly”.

Ad imageAd image

Apptopia data showed Zoom was downloaded 477 million times in 2020, making it the second most downloaded communication app during the year, behind WhatsApp (600 million) and ahead of Messenger (403 million).

In October 2020, the company created Zoom Apps, covering development of features it stated offered “seamless productivity and engaging experiences”.

*Source>Mobileworldlive

ELadmin1 April 21, 2021 April 21, 2021
Share This Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Get Started
Additive Manufacturing Making Impact on Digitalization, More Sustainable Workflows – Study

With 3D printing making an impact on the digitalization of manufacturing and…

NCC Cautions MNOs Over Interconnection Agreements Default

… Lifts Phased Disconnection Mandate Against Globacom In a bid to protect…

Infrastructure Financing: AfDB And InfraCredit Sign $15 million Funding Agreement

The African Development Bank (AfDB) and Infrastructure Credit Guarantee Company Limited (InfraCredit)…

Moniepoint, NITHub Unilag Kicks Off 2nd Cohort Of HatchDev Programme 

Moniepoint Inc, Africa's top digital financial services provider, in collaboration with University…

Stakeholders Seek Ways To Mitigate Telecom Fibre Cuts

The Association of Telecommunication Companies Of Nigeria (ATCON) has highlighted fibre cuts…

Lagos State Innovation Bill To Be Ready By 2026 – Alake
October 16, 2025
India To Host The World at GITEX Ai India In 2027
October 16, 2025
OnePipe Launches PaywithAccount To Promote Financial Inclusion
October 16, 2025
CFA Attributes GOVTECH Awards To Gov. Soludo’s Dogged Digital Governance Initiatives
October 16, 2025
Prof Ekekwe Heads Gov. Otti’s Abia State Technological Skills Acquisition Centre
October 16, 2025

You Might Also Like

NewsBytes

Lagos State Innovation Bill To Be Ready By 2026 – Alake

By ELadmin1
NewsBytes

India To Host The World at GITEX Ai India In 2027

By ELadmin1
NewsBytes

OnePipe Launches PaywithAccount To Promote Financial Inclusion

By ELadmin1
NewsBytes

CFA Attributes GOVTECH Awards To Gov. Soludo’s Dogged Digital Governance Initiatives

By ELadmin1
Facebook Twitter Instagram
Company
  • Advertisement
  • Privacy Policy
  • Editorial Policy
  • Contact US
More Info
  • Newsletter

Sign Up For Free

Subscribe to our newsletter and don’t miss out on our latest reports

Join Community

Copyright 2023. Designed by Kreative TechPoint

adbanner
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist
Welcome Back!

Sign in to your account

Lost your password?