Apr
03
Slack Funding Gives the Messaging Startup a $3.8 Billion Valuation
By-
Corporate messaging startup raises $200 million round of funds
-
Deal stands out in a slowing venture capital environment
Slack Technologies Inc., the corporate messaging startup, said it raised $200 million in its latest financing round. The new funds give the company a valuation of $3.8 billion, Slack said in an e-mail.
The investment brings Slack’s total funding to $540 million, according to the company. Slack, which introduced its business chat software in 2013, has continued to raise venture capital at a breakneck pace, even as the funding environment has cooled in recent months. Venture investment in startups began to slow late last year, dropping 30 percent in the fourth quarter compared with the previous one, according to research firm CB Insights…
Slack Funding Gives the Messaging Startup a $3.8 Billion Valuation
