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Slack Raises $427 Million More, at $7.1 Billion Valuation

Slack, the four-year-old workplace messaging company, said on Tuesday that it had raised $427 million in new funding, just a year after its last huge infusion of money. The latest round values the company at $7.1 billion.Slack’s appetite for funding and its eye-popping leaps in valuation are becoming normal in the private investment market, where giant funds are eager to write oversize checks to start-ups with momentum and scale. In the first seven months of the year, 268 companies raised “mega-rounds” of $100 million or more, a record pace.Based in San Francisco and Vancouver, British Columbia, Slack says it has eight million daily users, double its total…

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