Slack raises $200 million at $3.8 billion valuation


Slack, the popular communication application, has received another $200 million in venture capital financing from a consortium of investors led by Thrive Capital. This latest round brings the company’s total funding to $540 million and boosts its valuation from $2.8 billion to $3.8 billion. This is Slack’s biggest financing round so far and it comes at a time when a lot of investors remain wary of putting more money in tech startups. The capital could be used to develop more products like voice chat and video chat, as well as be spent on advertising and other ways to attract more users. The company currently has 2.7 million daily active users.

You can read about the deal here.

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