What is Zoom?
Zoom is a leading American communications technology company headquartered in San Jose, California. It specializes in providing cloud-based video conferencing, online meetings, chat, and collaboration solutions. Founded in 2011, Zoom has become an indispensable tool for remote work, distance learning, telehealth, and virtual communication globally. The platform's ease of use, reliability, and high-quality video conferencing experience have driven its widespread adoption across diverse markets, including businesses, educational institutions, healthcare providers, and government agencies. The company's offerings encompass Zoom Meetings, Zoom Phone, Zoom Rooms, Zoom Webinars, Zoom Chat, and Zoom Events, catering to a broad spectrum of communication needs.
How much funding has Zoom raised?
Zoom has raised a total of $703M across 6 funding rounds:
Angel/Seed
$3M
Series A
$6M
Series B
$6.5M
Series C
$30M
Series D
$115M
Stock Offering
$542.5M
Angel/Seed (2011): $3M with participation from Dan Scheinman, Matt Ocko, Bill Tai, Subrah Iyar, and TSVC
Series A (2013): $6M led by Dan Scheinman, Qualcomm Ventures, Jerry Yang, and Subrah Iyar
Series B (2013): $6.5M supported by Waze, Jerry Yang, Facebook, Horizons Ventures, and Patrick Soon-Shiong
Series C (2015): $30M featuring Patrick Soon-Shiong, Emergence Capital Partners, Jerry Yang, Horizons Ventures, and Qualcomm Ventures
Series D (2017): $115M backed by Steamboat Ventures
Stock Issuance/Offering (2019): $542.5M with participation from Undisclosed
Key Investors in Zoom
Horizons Ventures
Horizons Ventures is a venture capital firm with over 20 years of experience supporting entrepreneurs in turning startup ventures into successful companies. They are known for their active involvement and equity financing in compelling and pragmatic visions.
Qualcomm Ventures
Qualcomm Ventures is the investment arm of Qualcomm Incorporated, a global leader in wireless technology innovation. They focus on investing in companies that drive the development of advanced digital communication systems and connected ecosystems.
Emergence Capital Partners
Emergence Capital Partners is a venture capital firm that focuses on early-stage enterprise companies, aiming to be a valuable partner in transforming how the world works through technology.
What's next for Zoom?
The recent major strategic investment in Zoom signals a strong confidence from backers in the company's ongoing trajectory and its pivotal role in the evolving landscape of digital communication. This capital infusion is expected to support further innovation in its product suite, enhance its global infrastructure, and potentially explore new market opportunities. As remote and hybrid work models continue to solidify, Zoom is well-positioned to leverage this strategic backing to maintain its leadership in the video conferencing and collaboration space, focusing on expanding its enterprise solutions and deepening its technological capabilities.
See full Zoom company page
