Tuesday, January 26, 2021

ServiceNow Eyes San Diego Investments As Part Of $100M Fund

ServiceNow, the digital workflow and service management software developer which has operations in San Diego, said today that it has launched a new $100M investment fund, part of which will look at investments in San Diego. The company said the new ServiceNow Racial Equity Fund is worth $100M, and is designed to drive more sustainable wealth creation by funding homeownership, entrepreneurship, and neighborhood revitalization within Black communities in 10 regions across the United States. The company said the new fund is managed by RBC Global Asset Management, and specifically will look at investments in San Diego, as well as other markets were ServiceNow has a presence. The fund said it will also look at investments in Boston, Chicago, Dallas, Houston, New York, Orlando, the San Francisco Bay Area, Seattle, and Washington, D.C.