Messaging star-up Slack has raised $200m in its latest financing round, led by Thrive Capital, at a valuation of $3.8bn. The company is now valued at $2.5bn and says it will use the money to expand into new markets including China, India and Brazil. Co-founder Stewart Butterfield has also expressed an interest in recruiting talent from other technology businesses and hopes the $450m raised to date will help to cement Slack's position as a leader and a stable company with an 'uncompromising long-term, strategic view.'
Messaging star-up Slack has raised $200m in its latest financing round, led by Thrive Capital, at a valuation of $3.8bn. This cash injection could be used to boost Slack's advertising campaign, which has recently included TV and outdoor ads. Co-founder Stewart Butterfield has also expressed an interest in recruiting talent from other technology businesses and hopes the $450m raised to date will help to cement Slack's position as a leader and a stable company with an 'uncompromising long-term, strategic view.'