Slack Taps $80 Million Fund to Invest In More Startups

July 19, 2016, 5:00 PM UTC
Courtesy of Slack

Slack and its venture capital allies have backed 11 more software startups that complement Slack’s business messaging app.

The investments were made as part of the $80 million Slack Fund that both Slack and investors created in December. Partners in the fund are Accel, Andreessen Horowitz, Index Ventures, Kleiner Perkins Caufield & Byers, Spark Growth, and Social+Capital.

So far, Slack has put almost $2 million into 14 projects. Many of the companies are focused on developing artificial intelligence and software bots that are often used to automate simple business tasks. Those startups have received another $30 million in venture capital outside of Slack’s investment, Slack noted.

“Companies funded by Slack represent only a tiny slice of the broader Slack platform—there are now over 600 apps in our App Directory, 200 added in the last two months, and 90% of paid teams on Slack actively use apps,” the company wrote in a blog post about its latest investments.

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Here’s the complete list of startups that have received money from the Slack Fund:

  • Abacus, an expense reporting app
  • Automat, a bot design framework
  • Awesome, a synchronization tool
  • Begin, a bot for “keeping you on top of all of your work”
  • Birdly, software for connecting Slack with Salesforce accounts
  •, a personal assistant app
  • Candor, software for gathering feedback
  • Growbot, a motivational bot for encouraging teamwork
  • Howdy, a bot that can be trained to automate repetitive tasks
  • Konsus, a service representing freelancers-for-hire
  • Lattice, a goal-setting app
  • Myra Labs, a specialist in machine learning software
  • Sudo, a bot that works with sales contact management systems
  • Wade and Wendy, bots focused on corporate recruiting processes

Since Flickr co-founder Stewart Butterfield launched San Francisco-based Slack in early 2013, the company has raised more than $320 million in funding—its $160 million round in April 2015 gave it a private valuation of nearly $3 billion.

More than 3 million people use the Slack workplace messaging app on an “active” basis including teams at CenturyLink (CTL), eBay (EBAY), Samsung (SSNLF), and Urban Outfitters (URBN); approximately 930,000 are users from paid accounts. (Those figures are current as of May 25.)

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