Former Salesforce Co-CEO Keith Block Launches Venture Capital Firm

In the News |

April 25, 2023

Former Salesforce Inc. Co-Chief Executive Officer Keith Block is launching a venture capital firm, targeting $400 million for its first fund.

The new firm, known as Smith Point Capital LLC, will invest in enterprise software, particularly at the growth stage. Smith Point expects about 75% of the new fund to be deployed in companies with $50 million to $250 million in annual recurring revenue.