Slack’s $427 Series H round financing

Paul, Weiss advised General Atlantic as a lead investor alongside Dragoneer Investment Group

Slack will add an additional $427 million of investment at a post-money valuation of more than $7.1 billion. This Series H equity round is in addition to the $841 million previously raised. The lead investors are Dragoneer Investment Group and General Atlantic, joined by funds and accounts advised by T. Rowe Price Associates, Inc. and funds advised by Wellington Management, and Baillie Gifford and Sands Capital, as well as existing investors.

Slack Technologies, Inc. operates Slack, a platform that enables team communications in one place. Its platform provides real-time messaging, archiving, and searching services for various teams. The company was founded in 2009 and is based in San Francisco, California.

The Paul, Weiss team includes corporate partners Matthew Abbott (Picture) and Ellen Ching.

Involved fees earner: Matthew Abbott – Paul Weiss Rifkind Wharton & Garrison; Ellen Ching – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Paul Weiss Rifkind Wharton & Garrison;

Clients: General Atlantic;

Author: Ambrogio Visconti