Stewart Butterfield’s Slack unveils $80 mln app development fund
Slack, a group messaging platform founded by Canadian entrepreneur Stewart Butterfield, has formed a US$80 million venture capital fund. The Slack Fund will invest in developers or small companies seeking to build “Slack-first” apps, as well as business-to-business and enterprise tools that make Slack integrations a core part of their offering. Six of the company's investors, Accel Partners, Andreessen Horowitz, Index Ventures, Kleiner Perkins Caufield & Byers, Spark Capital Growth and Social+Capital, have committed to the fund. Slack, which has offices in San Francisco and Vancouver, raised US$160 million in a financing in April.
16 December 2015•4 mins read
