Slack is reportedly raising another huge $500M round of funding


Slack is in the midst of raising another $500 million in financing at what could be a $5 billion valuation — money it will likely critically need as it goes after major corporate clients and construct a functional business — according to a report by Recode.

Slack also got some interest with a $9 billion price tag from Amazon, according to a report from Bloomberg last night. All this means that Slack’s valuation continues to rise amid the hype in Silicon Valley, but it could also benefit greatly from additional resources in the form of a larger organization or a fresh round of financing. Going after larger enterprise customers, which have locked in existing (if inferior) tools, while sticking to its design ethos will be an expensive process.

Slack is a darling in the Valley…

Read Story