Today's News |
Slack Closes $200 Million U.S. Financing at $3.8 Billion Valuation
Friday, April 1, 2016Company Profile | Follow Company
Vancouver, BC, April 1, 2016--(T-Net)--Several US-based news outlets are reporting today that Slack, a popular workplace collaboration start-up with major offices and staffing in Vancouver, BC (and several additional offices elsewhere), has raised another major $200 million (U.S.) round of financing at an approximate post money valuation of $3.8 billion.
The round was led by Thrive Capital with participation by GGV, Comcast Ventures, and a number of Slack's existing investors, with major new investments by Accel, Social Capital, Spark Growth and Index Ventures, according to sources.
Slack has raised almost $540 million to date (approx) in multiple rounds, and recently closed a major funding round of $160 million at a $2.8 billion valuation in just April of last year (April 2015).
Stewart Butterfield, Slack CEO and co-founder. Butterfield, who was born in BC, was also a Co-Founder of Flickr, a photo sharing platform that also began in Vancouver (and later sold to Yahoo).
The company also reported that it opened a new office in Melbourne Australia yesterday (March 31, 2016)
Two months ago (in Feb 2016), the company reported that it was experiencing continued rapid growth and had grown in the past year from 500,000 daily active users to over 2 million.
Slack also recently announced the launch of a new App Directory, and a new $80 million Slack VC fund to support and encourage developers to build apps that interact with Slack, a few months back in Dec 2015.
A full press release on this latest $200 Million U.S. Financing will follow, but additional details on the financing may be found for now on the following US-based tech and business news sites:
About Slack
Slack is a messaging platform for teams that brings all communication together, creating a single unified archive accessible through powerful search. It integrates with dozens of popular services such as Twitter, Dropbox, Trello, Asana, Google Docs, JIRA, MailChimp, Stripe, Zendesk, and others to help consolidate and make sense of the ever-growing flows of data that confront modern teams. Based in San Francisco, and with offices in Vancouver, Slack has raised $340 million from some of the world's best recognized investors including Accel, Andreessen Horowitz, Social+Capital, KPCB, Google Ventures, Horizons Ventures, IVP, Spark, DST, and Index.
Other Recent Company News |
||||||||||||||||||||
|