Over the past few years, we have seen the business messaging app Slack grow at the fastest pace possible. Last year only, it has registered more than triple growth. As of April 1, the number of its daily active users reached 2.7 mn. And it doesn’t seem to have any plans to stop.
In its latest round, Slack raised US $200 mn in investments. This represents about 40% of the company’s total funding of US $540 mn and gives the company enough cash to finance acquisitions, develop new products and have an IPO on its own terms.
“As has always been the case, we are taking this opportunity to further secure our leadership position as we continue to execute on our ambitious growth plans. This capital adds to our existing reserves and increases our ability to focus on an uncompromising long-term, strategic view.” – Stewart Butterfield, CEO and co-founder, Slack, said in a statement.
The company has also been busy in trying to strengthen its staff with hires from Facebook and Palantir. And it is working on new features, including voice chat and video calling.