Slack Fund Makes 11 New Investments in Bots and Apps

Slack has invested $2 million across 14 companies. The corporate messaging platform announced 11 new investments, including Konsus, which connects freelancers, and Abacus, a data and behavioral analysis platform.

Last year Slack launched an $80 million fund,  co-launched with venture capital firms including Accel and Andreessen Horowitz. The company, valued at nearly $4 billion, says its funds investments typically range from $100,000 to $250,000.

Slack, which has more than three million daily active users, operates a directory of several hundred third-party apps, and CEO Stewart Butterfield says he is more concerned with synergies than return on investment.

Other investments made by Slack include Birdly, a bridge between Slack and Salesforce; Lattis, a goal-setting and feedback app; and Sudo, a bot that manages CRM data entry.

Slack Launches $80 Million Fund to Invest in Third-Party Developers