Messaging startup Slack is raising $250 million in a new funding round

by Dramelin 9:00 PM 0 comments

Slack, which makes messaging and collaboration software for businesses, is raising the fresh funding at a valuation of slightly more than $5 billion, the people said, a step up from its previous $3.
The investment is being led by SoftBank Group and venture capital firm Accel, a previous investor, said the people, who declined to be identified.
SoftBank has been heavily investing in startups, and it recently launched a $93 billion Vision Fund for technology investments.
Other previous investors are participating.
Slack has in the past raised money from venture firms GGV Capital, Spark Capital and Thrive Capital, among others.
Slack spokeswoman Julia Blystone declined to comment on "funding rumors.
" Slack is headquartered in San Francisco.
Bloomberg and news website Axios previously reported the funding deal.