Communication Tool ‘Slack’ Raises $160M in Funding; Valued at $2.8 Billion

image source : amazon uploads

image source : amazon uploads

Team communication app ‘Slack’ has raised a funding of $160 million in a new round, at a valuation of $2.8 billion.The company declared the funding in an official press release today, but did not reveal the amount of participation of investors.

New investors in this round of funding include Digital Sky Technologies, Horizons Ventures, Index Ventures, Institutional Venture Partners, and Spark Capital Growth. All previous investors — including Accel Partners, Andreessen Horowitz, Google Ventures, Kleiner Perkins Caufield & Byers, and Social + Capital Partnership — also participated.

Slack is a team communication tool, which provides everything in one place for workplace communication and collaboration to office workers. The company recently launched its app for Windows to expand its user base, reported by VB.

The company had previously received a funding of $120 million last year and was valued at $1.12 billion back then. Slack has received an accumulated funding of $340 million to date.

Slack is an american company based in San Francisco. Slack’s customers include Adobe, BuzzFeed, Live Nation, the New York Times, and PayPal and the company claims to have over 750,000 users per day.

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