Salesforce

A leading provider of customer relationship management solutions

Launch date

Feb 1999

Employees

Ownership

Market cap

Net debt

($10.9b)

Firm valuation

€183.8b (Public information from 2022)

San Francisco California (HQ & founding location)

Corporate Venture Fund: Salesforce Ventures

Revenues, earnings & profits over time

USD	2016	2017	2018	2019	2020	2021	2022E
Revenues	6.7b	8.4b	10.5b	13.3b	17.1b	21.3b	26.4b
% growth	24 %	26 %	25 %	27 %	29 %	24 %	24 %
EBITDA	1.2b	1.7b	2.3b	3.2b	5.0b	6.6b	8.1b
% EBITDA margin	18 %	21 %	22 %	24 %	29 %	31 %	31 %
Profit	(47.4m)	180m	127m	1.1b	126m	4.1b	1.2b
% profit margin	(1 %)	2 %	1 %	8 %	1 %	19 %	5 %
EV / revenue	-	6.5x	7.6x	8.7x	9.2x	9.3x	7.7x
EV / EBITDA	-	31.5x	35.0x	35.7x	31.2x	29.8x	25.0x
R&D budget	1.3b	1.4b	1.8b	2.7b	-	-	-
R&D % of revenue	19 %	17 %	17 %	20 %	-	-	-

Source: Company fillings or news article

Date	Investors	Amount	Round
-	Eniac Ventures Kleiner Perkins Mercury Fund BOOST&Co Brightspark Ventures Version One Ventures Sway Ventures Golden Ventures	N/A	- Not yet verified
Apr 1999	Parker Harris Marc Benioff Dave Moellenhoff	$517k	Series A
Jun 1999	Parker Harris Marc Benioff Halsey Minor Magdalena Yesil Dave Moellenhoff	$3.8m	Series B
Nov 1999	Marc Benioff Patrick McGovern Halsey Minor John Friedenrich Igor Sill William Hambrecht	$13.2m	Series C
Jun 2001	Meritech Capital Partners Attractor Ventures Allen Miner Stratton Sclavos WR Hambrecht Marc Benioff Halsey Minor Credit Suisse First Boston SunBridge MF Capital William Hambrecht Ted Waitt	$46.9m Valuation: $288m	Series D
Jan 2002	New Enterprise Associates	N/A	- Not yet verified
Jan 2003	Emergence Capital Partners	$1m	Secondary
Jun 2004	N/A	$110m Valuation: $1.1b	IPO
Total Funding		€58.6m