Slack is raising a $250 million round at $5 billion valuation

Enterprise messaging service Slack is raising a $250 million round at a $5 billion valuation, TechCrunch has confirmed. We’re hearing that SoftBank, Accel Partners and other existing investors participated.

The $250 million financing amount was reported by Bloomberg. Axios first had the names of the lead investors. Recode originally reported on a $500 million round last month, but we’re hearing that was likely in reference to the same round and the amount just wound up being $250 million.

There have also been various reports about acquisition conversations, but at least one source with direct knowledge claims the parties never came close to finalizing a deal.

Yet investors certainly believe Slack has strong “exit” potential. Over $500 million in equity funding has been…

Read Story