After raising $160 million 10 months ago, the $2.8 billion startup Slack wants another $150 million
The report added that Slack's new round of funding could give it an even higher valuation. The company has raised roughly $340 million so far, including a $160 million Series E round in April 2015.
Slack wasn't available for comment immediately.
Slack is often called one of the fastest growing business apps in history. Since its official launch just two years ago, Slack has added 2.3 million monthly active users and says it's on track to generate roughly $64 million in annual revenue.
Just last week, Slack CEO Stewart Butterfield said that 20% of all of its monthly active users started using the app for the first time this year.
The new funding would be a reflection of Slack's strong growth and investor confidence in the fast-growing startup. There's been multiple reports about the VC funding environment drying up lately, and the market for tech IPOs is in a holding-pattern.
But the fact that Slack is raising another mega-round, less than a year after raising at a $2.8 billion valuation, in a tough funding environment could be a testament to its healthy growth and financial situation.
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Having an regional accent can be bad for your interviews, especially an Indian one: study
- Dirty laundry? Major clothing companies like Zara and H&M under scrutiny for allegedly fuelling deforestation in Brazil
- 5 Best places to visit near Darjeeling
- Climate change could become main driver of biodiversity decline by mid-century: Study
- RBI initiates transition plan: Small finance banks to ascend to universal banking status
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market