{"id":61423,"date":"2015-03-26T12:03:00","date_gmt":"2015-03-26T07:03:00","guid":{"rendered":"http:\/\/localhost\/?p=61423"},"modified":"2015-03-26T12:03:16","modified_gmt":"2015-03-26T07:03:16","slug":"slack-28-billion","status":"publish","type":"magazine","link":"https:\/\/brainstation.io\/magazine\/slack-28-billion","title":{"rendered":"Slack Raising $160 Million at $2.8 Billion Valuation: Report"},"content":{"rendered":"

\"\"In five months, has Slack more than doubled its valuation?<\/p>\n

<\/p>\n

A report from the Wall Street Journal<\/a> suggests Slack has raised roughly $150 million in a round that valued the company at around $2.9 billion. Citing “people familiar with the matter, the WSJ says new investors in the round—which is expected to close next month—include Institutional Venture Partners, Horizons Ventures, Index Ventures and DST Global.<\/p>\n

Slack is by far the fastest Canadian-born startup to achieve a $1 billion valuation<\/a>. Slack raised $120 million at a $1.1 billion valuation<\/a> last October at less than a year old.<\/p>\n

As of February, Slack boasts 500,000 daily active users across 60,000 teams (including 135,000 paid accounts<\/a>) and growth is rapid.<\/p>\n

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

 <\/p>\n","protected":false},"excerpt":{"rendered":"

In five months, has Slack more than doubled its valuation? A report from the Wall Street Journal suggests Slack has raised roughly $150 million in a round that valued the company at around $2.9 billion. Citing “people familiar with the matter, the WSJ says new investors in the round—which is expected to close next month—include […]<\/p>\n","protected":false},"author":55555,"featured_media":61425,"menu_order":0,"template":"","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[],"magazine-region":[],"magazine-series":[],"magazine-topic":[],"class_list":["post-61423","magazine","type-magazine","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine\/61423","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine"}],"about":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/types\/magazine"}],"author":[{"embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/users\/55555"}],"version-history":[{"count":0,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine\/61423\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/media\/61425"}],"wp:attachment":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/media?parent=61423"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/categories?post=61423"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/tags?post=61423"},{"taxonomy":"magazine-region","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-region?post=61423"},{"taxonomy":"magazine-series","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-series?post=61423"},{"taxonomy":"magazine-topic","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-topic?post=61423"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}