Slack
Slack Raises $427M in Series H
Quick Facts
Slack Raises $427M in Series H
Slack has successfully raised $427M in a Series H at a $7.1B valuation led by Dragoneer.
Company Overview
Slack is a Enterprise Software company headquartered in San Francisco, CA, founded in 2009 with 2000+ employees.
Business communication platform
Fundraising Details
- Amount Raised: $427M
- Round Type: Series H
- Valuation: $7.1B
- Date: 2024-01-01
- Investors: Dragoneer
About Slack
Business communication platform The company is positioned in the Enterprise Software sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: San Francisco, CA
- Founded: 2009
- Team Size: 2000+
- Industry: Enterprise Software
What This Means
This funding round demonstrates strong investor confidence in Slack's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The Enterprise Software sector continues to attract significant investment as companies innovate to meet evolving market demands. Slack's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $7.1B valuation marks an important milestone for Slack, positioning the company among notable players in the Enterprise Software industry.
Looking Ahead
With this new capital, Slack is well-positioned to execute on its growth strategy and continue building innovative solutions in the Enterprise Software space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
This fundraising news was reported on 2024-01-01. For more information about Slack, visit their headquarters at San Francisco, CA.
About the Author
Related Company Reports
Anthropic Raises $2B in Series D
Anthropic, a AI/ML company based in San Francisco, CA, has raised $2B in Series D at a $18B valuation led by Menlo Ventures, Spark Capital, Google.
xAI Raises $6B in Series C
xAI, a AI/ML company based in San Francisco, CA, has raised $6B in Series C at a $40B valuation led by Sequoia Capital, a16z, Valor Equity.
Adept AI Raises $350M in Series B
Adept AI, a AI/ML company based in San Francisco, CA, has raised $350M in Series B at a $1B valuation led by General Catalyst, Spark Capital, Addition.