Wednesday, September 28, 2016

ServiceNow Launches Venture Capital Fund, ServiceNow Ventures

Santa Clara-based ServiceNow, said today that it has launched ServiceNow Ventures, which will invest in companies around its ecosystem. The company said that ServiceNow Ventures will target investments in early stage companies that develop cloud-based applications, built on its platform, as well as growth stage vendors developing strategic technology integration with the ServiceNow platform. So far, ServiceNow Ventures' portfolio includes investments in Nuvolo and MuleSoft that ServiceNow made prior to the creation of the new venture capital arm. As part of the launch of the new venture investment arm, ServiceNow said it will host the CreatorCon Challenge, which will award $500,000 in investments to startups.