Slack Technologies Inc. has raised a new mega-round of financing that values the company at more than $7.1 billion. The company said Tuesday the $427 million round was led by Dragoneer investment Group and General Atlantic, with participation from T. Rowe Price Associates Inc., Wellington Management, Baillie Gifford, Sands Capital and existing investors. Slack’s announcement follows WSJ Pro Venture Capital’s earlier report that the deal was near.

Source: Wall Street Journal August 21, 2018 13:22 UTC