Slack Could Already Be Worth $2 Billion

Slack, by far the fastest Canadian-born startup to achieve a $1 billion valuation, may already be valued at $2 billion.

Details remain scarce, but the Vancouver-born company is reportedly looking to raise a new round which would value it at “more than $2 billion,” according to sources cited in Bloomberg. Slack raised $120 million at a $1.1 billion valuation last October at less than a year old.

As of February, Slack boasts 500,000 daily active users across 60,000 teams (including 135,000 paid accounts) and growth is rapid.

“Slack radically increases internal transparency and turns communication archives into a powerful shared resource,” Butterfield said earlier this year. “We feel safe predicting all businesses will move a centralized system for communication within the next 10 years.”