Tuesday, August 21, 2018

Slack Snags $427M More, Bumps Valuation To $7.1B

San Francisco-based communications software developer Slack, which develops enterprise messaging and collaboration tools which are extremely popular in the enterprise, has raised another giant funding round, worth $427M. The company announced the Series H funding, which values the company at over $7.1 billion, from such investors as Dragoneer Investment Group and General Atlantic, and also included T. Rowe Price, Wellington Management, Baillie Gifford, and Sands Capital, among others. More information »