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Slack raises $250 mn from Softbank, boosts valuation to $5.1 bn

The fund provides resources which will help Slack run as a cash-generating co and the raise will reduce its dependence on outside funding

Reuters 

Software startup Slack Technologies Inc said it raised $250 million from SoftBank Group Corp and other investors in its latest funding round, boosting the company's valuation to $5.1 billion. The latest fund-raising, led by SoftBank through its giant Vision Fund and joined by Accel and other investors, lifted Slack's total funds raised to $841 million, the enterprise messaging operator said in an emailed statement. The fund provides resources which will help Slack to run as a cash-generating company and the raise will reduce its dependence on outside financing, Slack ...

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First Published: Mon, September 18 2017. 12:52 IST
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