“Work chat’s runaway train” raises $200M.

Business messaging startup Slack announced on Friday afternoon that it’s raised $200M in new funding at a $3.8B post-money valuation. The round, which was led by Thrive Capital, with participation by GGV, Comcast Ventures and existing investors, brings the three-year-old company’s total funding to a whopping $540M. In the year since Slack was last valued at $2.8B, the company is reporting 3.5x user growth.

Another $600M for Mithril Capital Management.

Just one week after Founders Fund closed its sixth fund with $1.3B, Peter Thiel’s late-stage fund Mithril Capital Management is out raising its second fund, according to an SEC filing. The target size is $600M, but according to TechCrunch’s sources, the fund is already oversubscribed and may hit $1B before final close.

How to build a weatherproof company:

For any startups looking for a “quick exit,” Lars Dalgaard of Andreessen Horowitz explains why “successful companies are bought, not sold.” His five tips for scaling without shortcuts: 1) learn how to learn fast, 2) build a sustainable culture, 3) leverage your board of directors, 4) find the right meeting cadence, and 5) kill the monsters of the mind.

New interactive data visualizations with the most active investors. Check out the detail-rich CrunchBase Unicorn Leaderboard.

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Recent Investments

Slack

$200M / Venture

Slack is a workplace communication platform that provides services like search, archiving, and real-time messaging for teams. In the last year, the company has seen 3.5x user growth and currently counts 800K paid users and 2.7M daily active users.

Categories:

San Francisco · Enterprise Software · Collaboration

Founders:

Stewart Butterfield, Cal Henderson, Eric Costello, Serguei Mourachov

Investors:

Thrive Capital (Lead), Social Capital, Index Ventures, + 3 more

Managed by Q

$25M / Series B

Managed By Q is a service that handles office management responsibilities like re-stocking toilet paper and office supply replenishment. With $42M in total funding, the company has 400 employees and exists in San Francisco, New York City, and Chicago.

Categories:

New York

Founders:

Saman Rahmanian, Dan Teran

Investors:

Fabrice Grinda, Slow Ventures, DUMAC, + 12 more

Schoold

$4.5M / Seed

Schoold is a college search and career planning app. The company reportedly received 500K downloads within its first month on the app store.

Categories:

San Francisco

Founders:

Sourabh Ahuja

Investors:

FastForward, Lorne Abony

More Investments
Company Amount / Round Lead Investor
LoanLogics $10M / Series B
HealthJoy $3.0M / Seed GoHealth
Opinary 1.0M EUR / Seed
Process 9 unknown / Seed Indian Angel Network
Picsdream unknown / Angel Raman Roy
Reserve unknown / Venture Diageo
All Recent Funding Activity

Recent Acquisitions

Dash

Acquired by Reserve

More Acquisitions
Company Acquired by Amount
extrameasures BlackHawk Network
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