Slack valued at $5.1 billion after new funding led by SoftBank

Slack valued at $5.1 billion after new funding led by SoftBank

Slack valued at $5.1 billion after new funding led by SoftBank

(Reuters) – Software startup Slack Technologies Inc said it raised $250 million from SoftBank Group Corp (9984.T) 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 Chief Executive Stewart Butterfield said.

Källa: Slack valued at $5.1 billion after new funding led by SoftBank

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