Slack's corporate venturing subsidiary, now under the Salesforce Ventures umbrella, is looking to lead more rounds after launching Fund III, which is twice the size of its predecessor.
Slack Fund, the strategic investment vehicle formed by US-headquartered enterprise communication app developer Slack, has launched its third fund with $100m in capital.
Founded in 2009, Slack runs a cloud-based messaging and collaboration platform with approximately 170,000 paying customers. Salesforce, the enterprise software producer which oversees its own thriving corporate venturing practice, closed a $27.7bn acquisition of the company in July 2021.
The corporate had announced Slack Fund in 2015 with backing from limited partners Accel, Index Ventures,…
