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Slack is now worth over $5 billion after $250 million cash injection led by Japan's SoftBank

September 18, 2017 | Telepresence Options

slack-app.png

Story and images by CNBC

  • Slack has raised $250 million from a funding round led by SoftBank's Vision Fund
  • The start-up will use the funds to transform its business model to one that generates cash

Slack is now worth over $5 billion Slack is now worth over $5 billion 7 Hours Ago | 00:50 Workplace messaging app Slack has raised $250 million in a funding round led by the Japanese tech giant SoftBank, putting its overall valuation at $5.1 billion.

SoftBank said Monday that its Vision Fund led a Series G funding round alongside Accel and other investors, topping up its existing $540 million in funding to $790 million

"Slack is the operating system for today's fast moving businesses, enabling teams to work together effectively at a time when businesses need to be responsive to rapid change and disruption," Deep Nishar, senior managing partner at the SoftBank Vision Fund, said in a statement Monday.

Slack is now worth over $5 billion from CNBC.

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