Slack Fund

Founded 2013

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.
Total investments 53
Average round size
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The average size of a deal this fund participated in
$17M
Portfolio companies 51
Rounds per year 6.62
Lead investments 3
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.23
Exits 4
Key employees 8

Areas of investment

  • Software
  • SaaS
  • Internet
  • Collaboration
  • Analytics
Summary

The main office of represented VC is situated in the Daly City. The company was established in North America in United States. Slack Fund appeared to be a CVC structure as part of the corporation.

Moreover, a startup needs to be at the age of 2-3 years to get the investment from the fund. Among the most popular portfolio startups of the fund, we may highlight Pitch, Hone, GRID. For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. Among the most popular fund investment industries, there are Enterprise Software, SaaS. The fund has no exact preference in a number of founders of portfolio startups. If startup sums 5+ of the founder, the chance for it to be financed is low.

The overall number of key employees were 8.

Considering the real fund results, this VC is 1 percentage points less often commits exit comparing to other organizations. The fund is constantly included in 7-12 deals per year. The top activity for fund was in 2019. The top amount of exits for fund were in 2019. Deals in the range of 10 - 50 millions dollars are the general things for fund. Opposing the other organizations, this Slack Fund works on 25 percentage points less the average amount of lead investments.

The usual cause for the fund is to invest in rounds with 5-6 partakers. Despite the Slack Fund, startups are often financed by Y Combinator, SV Angel, Slack. The meaningful sponsors for the fund in investment in the same round are First Round Capital, Accel, Salesforce Ventures. In the next rounds fund is usually obtained by Bessemer Venture Partners, Salesforce Ventures, Rise of the Rest.

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Oyster

Employment
Human Resources
Software
$50M22 Jun 2021 Charlotte, North Carolina, United States

Nylas

Cloud Infrastructure
Communications Infrastructure
Developer APIs
Email
SaaS
$120M17 Jun 2021 San Francisco, California, United States

Privacy Dynamics

Cloud Data Services
Consumer Software
Government
Insurance
Location Based Services
Privacy
Software
Transportation
$4M09 Jun 2021 Seattle, Washington, United States

CRM
Productivity Tools
Software
$12M30 Mar 2021 Atlanta, Georgia, United States

Business Development
Communities
Consulting
Professional Networking
$20M25 Mar 2021 San Francisco, California, United States

Daily.co

Apps
Audio
Communication Hardware
Developer Platform
Real Time
Software
Video
Video Chat
Video Conferencing
Video Streaming
$15M09 Mar 2021 Mountain View, California, United States

Around

Artificial Intelligence
$10M05 Mar 2021 Redwood City, California, United States

Oyster

Employment
Human Resources
Software
$20M02 Feb 2021 Charlotte, North Carolina, United States

Yac

Audio
Collaboration
Messaging
Software
$7M25 Jan 2021 Kissimmee, Florida, United States
News
Hopin Raises $450 Million to Accelerate Platform Expansion and Continue to Build the Future of Experiences

– Hopin, the leading shared experiences platform that enables immersive and interactive connection from anywhere, announced it has raised $450m in Series D funding co-led by new investors Arena Holdings and Altimeter Capital with participation from new investors Adams Street Partners, Untitled Investments and XN in addition to existing investors Andreessen Horowitz, DFJ Growth, General Catalyst, GIC, IVP, Northzone, Salesforce Ventures, Slack Fund, Temasek and Tiger Global.
– Since February of 2020, Hopin has raised more than $1b.
– Hopin will use this capital to accelerate growth to further scale the platform and invest in the development of its multi-product platform technologies, including building new product suites.

Oyster Raises $50M Series B Funding Round

– Oyster is a London, UK- and San Francisco, CA-based provider of a human resources platform.
– The company raised $50m in Series B funding.
– The round was led by Stripes with participation from Emergence Capital and The Slack Fund with the addition of Avid Ventures.
– The new investment will be used to expand its HR platform to more countries around the world.

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Related media
Top 20 VC funds with the biggest sum of Early Stage funding rounds in Enterprise Software industry over the recent years
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