Slack Starts $80 Million App Investment Fund | Fortune
Briefly

Slack Starts $80 Million App Investment Fund | Fortune
"Since Slack's launch in early 2013, the company has raised more than $320 million in funding-its $160 million round in April boosted the San Francisco company's private valuation to nearly $3 billion. The workplace messaging software has amassed 2 million daily active users since the service officially launched in February 2014-that's almost double the tally from six months ago. And many Slack users stay connected to the service an average of 10 hours daily, Underwood said."
"Central to Slack's new initiative is an application programming interface (API) that allows developers to connect the messaging service with their own applications. At last count, there were already more than 150 "approved" applications connected with Slack, including well-known services such as Twitter (TWTR), Dropbox, Google (GOOG), and Uber. The Twitter extension, for example, pipes updates from the social media network into a Slack "channel" so that marketing teams can keep tabs on complaints or comments and discuss them."
Slack partnered with several venture capital firms to create an $80 million fund aimed at investing in software that complements Slack's technology. The initiative seeks to turn Slack into a command center that connects with other cloud business software and to provide developers with capital to build on the Slack platform. Slack has raised over $320 million and reached a near $3 billion private valuation after a $160 million round. The service reports about 2 million daily active users and deep engagement. An API enables more than 150 approved integrations with services like Twitter, Dropbox, Google, and Uber.
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