Slack has raised $200 million

Slack

Slack, the workplace chat app that wants to replace email, has raised $200 million, increasing its valuation by more than a third despite worries about funding for technology start-ups. Its latest fundraising round, led by Thrive Capital, values the company at $3.6 billion before the cash injection, up from $2.64 billion in less than a year. On a post-money basis, its valuation increased from $2.8 billion to $3.8 billion. Investors include Silicon Valley venture capitalists GGV, Comcast Ventures, the VC arm of the media company Comcast, as well as existing shareholders including Accel and Index Ventures… Slack claims 2.7 million daily active workplace users, including employees of US government agencies, an Ivy League university and several media and tech companies.

 

Hannah Kuchler

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