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Term Sheet - Tuesday, August 21

8 monthes ago   |   By Fortune

THE YEAR OF THE MEGA-ROUND Good morning, Term Sheet readers.
We've got three bombshell funding rounds today. Slack , the workplace chat platform, snagged $427 million in funding at a $7.1 billion valuation. Dragoneer Investment Group and General Atlantic led the funding, along with others, including investment firm Baillie Gifford, Sands Capital, and previous investors.
The company last raised money in September when it said it landed $250 million, with SoftBank's Vision Fund contributing the bulk of the capital.
My colleague Jonathan Vanian reports that Slack's growing popularity hasn't...
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Slack Raises $427 Million More, at $7.1 Billion Valuation

8 monthes ago   |   By NY Times

Slack's appetite for funding and its eye-popping leaps in valuation are becoming normal in the private investment market.
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Slack just raised a whopping $427 million to become a $7.1 billion company. Now, it has to defeat Microsoft

Slack just raised a whopping $427 million to become a $7.1 billion company. Now, it has to defeat Microsoft

8 monthes ago   |   By Business Insider

Slack, the very popular work chat app, has raised $427 million in venture capital, at a valuation of "more than $7.1 billion."
All told, Slack has raised about $1.27 billion in venture capital - including in a $250 million mega-round led by Softbank in the September of 2017, which gave it a $5 billion valuation at the time.
This valuation would make it that much more expensive for a larger tech company to buy it, and thus, at least a little less likely. But it's also been coy about a potential IPO, raising questions about the master plan.
All the while, Microsoft has been reinforcing...
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