HubSpot Launches $100m Fund for New Tech Firms

In the US, customer relationship management (CRM) platform HubSpot has launched a $100m fund to actively support early and growth-stage technology companies.

HubSpot, which boasts a community of seven million people, delivers products and services for customer relationship management, social media marketing, content management, lead generation, web analytics, SEO, live chat and customer support. In 2018, the firm launched a $30m fund to provide start-ups with the financial and educational resources needed to help them grow.

Through the firm's newly launched CRM Platform Fund, HubSpot will invest in 'customer-first' B2B software companies that currently use its CRM platform. Eligibility to receive funds includes those businesses currently building a SaaS-based product, in the process of raising funding, and which have the potential to deliver value to the HubSpot community.

Andrew Lindsay (pictured), SVP of Corporate & Business Development, comments: 'Our position as a leading CRM platform for scaling companies gives us a unique perspective into the types of tools growing businesses need, which is where we've focused our investments. The ventures in our portfolio share our commitment to putting the customer first, and we're thrilled to launch a second fund to invest in even more innovative, customer-centric companies.'

Web site: www.hubspot.com .