Slack Gets Slice of SoftBank’s $100 Billion Tech Bounty - Bloomberg

Few financial constraints for Slack; see Okta's Most Popular Apps Collaboration + Messaging for a related market momentum snapshot

"Slack Technologies Inc. closed a $250 million funding round led by SoftBank Group Corp.’s Vision Fund, giving it more ammunition for expansion  in an increasingly competitive market for workplace messaging services.

The financing round values the startup at $5.1 billion, up from $3.8 billion the last time. The Vision Fund is joined by Accel and other investors, Slack said Sunday. Bloomberg reported on the latest funding in July.

San Francisco-based Slack said the money is for “operational flexibility,” not for a particular use, and added that it still has much of the $591 million it already raised. The company this month announced an expansion of its service to work in German, French, Spanish and Japanese as it competes with Microsoft Corp.’s Teams and Atlassian Corp.’s HipChat service for corporate customers."

Slack Gets Slice of SoftBank’s $100 Billion Tech Bounty - Bloomberg