Slack application worth $ 400 million in the last investment round with an assessment of $ 7 billion

ehabakhdar (53)in #technology • 6 years ago

Slack's application helps colleagues communicate with each other, as well as many other features that have made it the first destination for any company if they want better communication among their employees. The application has grown over the past years in a very excellent way until today the number of active users per day 8 million, and uses 3 million of them the paid version of Slack.

Investments are on track

These figures make Slack an ideal destination for investment, so investments are on track, including the recent investment round announced by TechCrunch, this time worth $ 400 million or more, with a valuation of at least $ 7 billion, $ 250 million at a valuation of $ 5.1 billion.

The tour is led by a new investor, General Atlantic, with another new supporter, Dragoner. According to the TechCrunch report, it is unclear whether other investors will participate in the round.
$ 400 million is a big figure in the world of investment, even if it is a company the size of Slack, which is essentially the largest investment obtained by Slack to date, and the size of the new investment emphasizes the strength of the company and its ability to compete even though the competitors are major companies, and here we talk about Microsoft VICE Facebook.

Microsoft TeamS application

Microsoft has also launched a free version of the TeamS application to secure team-to-team communication, and Facebook is also competing in the same field. These giants have already attracted many key customers. Microsoft has announced that 200,000 companies have paid for their service earlier. This year, Facebook was able to attract some big customers like Wal-Mart.
To finance something essential in the Slack war with giant companies the size of Microsoft and Facebook, and smaller companies, but began to cut off part of the market, but it alone is not enough to use the money is the basic criterion that will outline the confrontation, and this is what we will see in the near future.