Slack Taps Million Fund to Invest In More Startups

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…

Link to Full Article: Slack Taps Million Fund to Invest In More Startups

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