Fast-growing team-messaging startup Slack is almost finished raising a new round of funding totaling $160 million at a $2.76 billion valuation, if a new report today is correct.
DST Global, Horizons Ventures, Index Ventures, and Institutional Venture Partners are participating in a new funding round that’s set to close in the next few weeks, the Wall Street Journal is reporting, citing unnamed sources.
Slack wouldn’t comment on today’s report, which follows a report from Bloomberg on Monday that put Slack’s post-money valuation above $2 billion.
Slack allows colleagues — or, alternatively, friends and family members — to communicate with each other in chat rooms and direct messages, on many types of devices. The San Francisco startup announced a $120 million funding round in October.
Slack’s competitors include Facebook, Microsoft, VMware, and Atlassian.
VentureBeatVentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
- up-to-date information on the subjects of interest to you
- our newsletters
- gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
- networking features, and more