+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

Slack, the app that lets you chat with co-workers, is raising a new round that would value it at $2.76 billion

Mar 26, 2015, 23:56 IST

SlackSlack CEO Stewart Butterfield

Slack, the popular workplace chatting app, is set to raise up to $160 million in a new funding round that would value the company at $2.76 billion, people familiar with the matter told The Wall Street Journal.

Advertisement

This round will reportedly include new investors such as Institutional Venture Partners, Horizons Ventures, Index Ventures, and DST Global. It's expected to close in the next few weeks.

The Wall Street Journal's report comes just two days after Bloomberg reported that Slack was in talks to raise another round of funding that would make the company worth $2 billion. That report, however, didn't say how much Slack would be raising in its next round.

The new investors will contribute $135 million, according to The Wall Street Journal, while Slack would have the option to raise another $25 million from current investors.

If The Wall Street Journal is accurate, it would mean Slack has more than doubled its valuation over the course of six months. In October, the company raised $120 million, making it worth $1.12 billion.

Advertisement

NOW WATCH: This 9-year-old makes $1 million a year opening toys

Please enable Javascript to watch this video
Next Article