Slack Raises $120 Million and is now Worth $1.2 Billion

Vancouver-born Slack confirmed today that it has raised $120 million in new investment, for a post-funding valuation of $1.12 billion.

The round was co-led by Kleiner Perkins Caufield & Byers (KPCB) and Google Ventures with the participation of all existing institutional investors and a few new ones, including Yammer founder and former PayPal COO David Sacks.

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