Slack Raises $120M in Funding

slackSlack, a San Francisco, CA-based provider of a team communication platform, raised $120m in funding.

The round, which post-money valued the company at $1.12bn, was co-led by Kleiner Perkins Caufield & Byers and Google Ventures with participation from existing investors Andreessen Horowitz, Accel Partners and The Social+Capital Partnership.

The company, which had previously raised $60m, including a $43m round six months ago (read here), will use the funds to continue to grow operations.

Founded in 2009 by CEO Stewart Butterfield, Slack provides a platform for team communication. Launched in February 2014. it is used by 30,000 teams to send over 200 million monthly messages. Clients include Stripe, Rdio, Medium, Airbnb, Braintree, Expedia and Buzzfeed, among others.

The company is hiring.





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