The Strategist

Slack Messenger: assessed at $ 5 billion but attracted $ 250 million

09/18/2017 - 15:11

Messenger for corporate correspondence Slack was estimated at $ 5.1 billion. During the next round of financing, however, the application attracted $ 250 million, the Financial Times reported.

Slack Messenger: assessed at $ 5 billion but attracted $ 250 million
According to the publication, most of the investment came from the Vision Fund of the Japanese group SoftBank. According to Slack’s executive director Stewart Butterfield, management of Vision Fund planned to invest a large amount in the messenger. The fund can also remain the messenger’s investor in the future. However, the initial public offering of shares (IPO), he said, will not be held until 2018.

As noted by the Financial Times, the current round of funding was held against the backdrop of launch of Microsoft's Messenger, which is called a direct competitor to Slack.

Slack is corporate messenger, launched in 2014. It is one of the fastest growing applications. At present, about five million people use it daily. The app was created by Stewart Butterfield, co-founder of Flickr photo hosting.

During the last round of investment, which took place in April 2017, Slack was estimated at $ 3.8 billion. Since its founding in 2009, the project has attracted $ 841 million of investment, including the last round.

The company put the received money in stock. Representatives of the service noted that Slack still had $ 591 million, attracted during previous rounds, reports Bloomberg. Stewart Butterfield said that the service is growing more than 100% per year, with an annual income of $ 200 million.

SoftBank is now looking for where to invest from its fund with a volume of $ 100 billion, writes FT. In August 2017, the Japanese holding company poured $ 4.4 billion in network for coworkers WeWork. 


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