Collaboration app Slack raises financing round to value company at $5bn

By Callum Rivett
Popular workplace collaboration app Slack has raised a new round of financing, led by SoftBank, which has subsequently valued the Silicon Valley start-u...

Popular workplace collaboration app Slack has raised a new round of financing, led by SoftBank, which has subsequently valued the Silicon Valley start-up at $5.1bn.

The financing round received $250mn in funding and most of that came from SoftBank's Vision Fund, as the telecommunications giant invests billions in technology start-ups.

Led by Japan's richest man, Masayoshi Son, SoftBank's $93bn Vision Fund helped lift Slack's fundraising total to $841mn.

RELATED NEWS

This makes Slack one of the leading business software start-ups, whilst it reported an annual recurring revenue of $200mn last week.

Stewart Butterfield, chief executive of Slack, did note that it's a "strange world" as they have not gone public yet.

Instead, an IPO seems destined for 2018 after Butterfield said he was reluctant to bring the company public, as there is a risk the company could fail to meet targets due to its relative infancy. 

Share
Share

Featured Articles

Cloud & 5G - Day 1 highlights from the in-person stage

TECH LIVE LONDON returned to the Tobacco Dock last week. The stage host and Technology Magazine Editor in Chief, Alex Tuck, discusses the key themes

TECH LIVE LONDON: Day 2 highlights of the hybrid tech show

We take a look at some of the highlights of our final day at the Tech Live London show, including insights from Claroty, SalesForce and Oracle

TECH LIVE LONDON: An overview of the hybrid technology show

We take a look at the first day of Tech Live London with insights from technology leaders from companies such as IBM, Microsoft and Vodafone

TECH LIVE LONDON: Begins tomorrow at 10am!

Digital Transformation

Executive Q&A: Marc Lueck, CISO EMEA, Zscaler

Cloud & Cybersecurity

TECH LIVE LONDON: Registering, networking and logistics

Digital Transformation