Slack, the Startup Looking to Kill Email, Is Now Reportedly Worth $2 Billion

Slack, the Startup Looking to Kill Email, Is Now Reportedly Worth $2 Billion

Kusuma Susilo  ⋅  25 Mar 2015 12:53:44

That's double its valuation from six months ago. Slack, an internal communication app designed to allow businesses to chat and collaborate at work, is in in the process of raising a new funding round that values the company at $2 billion, Bloomberg reports.If accurate, this means Slack's valuation has nearly doubled in the span of six months. (Last year, the startup raised $120 million at a valuation of $1.1 billion from high-profile venture investors, including Kleiner Perkins Caufield & Byers and Google Ventures.)While impressive, it's not surprising; Slack has been experiencing explosive growth. Just a year old, Slack is used by about 500,000 people every day, a number that is rapidly growing. Earlier this month, Slack CEO Stewart Butterfield told The New York Times that the company's user base is doubling every three months and by the end of the year, he predicted the app will be used by 2 to 3 million people.

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