Launched in December with $80m, Slack Fund has now invested a total of nearly $2m in 14 early-stage companies which have raised a total of $30m between them.
US-based instant communication technology provider Slack announced 11 new recipients of funding from its corporate venturing unit, Slack Fund, on Tuesday.
Slack Fund was formed in December 2015 with $80m in capital to invest in startups developing app and enterprise tools compatible with Slack’s workplace communication platform.
Slack provided more than half of the unit’s funding, with the rest coming from venture capital firms Accel Partners, Andreessen-Horowitz, Index Ventures, Kleiner Perkins Caufield & Byers, Spark Capital and Social Capital.
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