Salesforce has made major investments in other companies under co-CEO Marc Benioff.Robert Galbraith/ReutersSalesforce brings in billions of dollars in revenue each year from its subscription software subscriptions. But the $105 billion cloud company is also a big tech investor, especially when it comes to pouring money into other public companies that sell software to businesses.
And those investments add up. As of April, Salesforce owned $1.02 billion of equity in other companies, according to a company filing.
In a separate filing, published Monday, Salesforce revealed the size and scope of its biggest holdings. All together, the company’s four largest investments account for $452 million — just short of half the value of its entire portfolio.
These are Salesforce’s four biggest investments:
Domo — $2.202 million
Domo, a data visualization software company, went public in June, under a cloud of cynicism from analysts and pundits over the company and its financial prospects. Now, Domo is valued on the public markets at $464 million — less than a quarter of the $2 billion private valuation at which it had last raised venture capital funding.
None of that has seemed to deter Salesforce, which owns 80,647 shares in Domo, worth a total of $2.202 million. It’s Salesforce’s fourth largest investment, according to a public filing.
Twilio — $49.775 million
Salesforce is a big investor in Twilio, the cloud communication company that went public in 2016. Twilio stock is on something of a bull run: It’s now trading at about $74 a share — up from $31 in the August of 2017.
Salesforce owns 888,517 shares in the company, for a total investment valued at $49.775 million. That makes Twilio its third-largest investment.
Dropbox — $160.1 million
Salesforce swooped in just before Dropbox’s March IPO to make a whopping $100 million investment — one of its largest strategic investments ever. Before that, Salesforce had previously invested $5 million into the file sharing and collaboration software company.
Now Salesforce owns 4,938,567 shares, which is worth $160.1 million, according to the filing. While Salesforce owns more stock in Dropbox than in any other company, it’s only the second largest investment by value.
DocuSign — $240.088 million
Salesforce’s highest-value investment is in the e-signature company DocuSign, which went public at the end of April.
Salesforce owns 4,534,239 shares in DocuSign, worth a total of $240.088 million. Salesforce owns slightly fewer shares of DocuSign than Dropbox, but the price of each stock makes DocuSign Salesforce’s biggest investment in terms of dollars and cents.
