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September 18, 2017
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Slack raises $250M
[Slack]( has raised $250 million in a new financing that values the fast-growing workplace messaging and communications platform provider at more than $5 billion. SoftBank led the round, with participation from Accel and other investors.
Roku seeks $252M in IPO
[Roku]( is seeking to raise up to $252 million in its upcoming IPO, according to a new securities [filing](. The Los Gatos, Calif.-based streaming media device and service provider plans to price shares at between $12 and $14 each.
On-demand services show profits
The on-demand delivery space isn’t known for producing a lot of profitable companies. Yet some startups are managing to [operate in the black]( Crunchbase News reports. [Favor]( an Austin-based delivery startup, says it has turned profitable after narrowing its focus to Texas, while business on-demand provider [Dropoff]( says it makes money in about half of the markets it serves.
Ride-hailing investor ties get messy
As tech and automotive giants continue to pour money into ride-hailing companies, they’re creating some [unlikely alliances](. Stepped-up investor interest in [Lyft]( is complicating matters further.
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Featured Searches and Lists
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[TechCrunch Disrupt SF Speakers 2017]( Companies 104
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Recent Investments
[Slack](
[$250M]( / [Series G](
Slack is a workplace messaging app. The San Francisco-based company reportedly has 6M DAUs and $200M in ARR.
Categories:
San Francisco · Real Time · Enterprise Software · Messaging · Collaboration
Founders:
[Stewart Butterfield]( [Cal Henderson]( [Eric Costello]( [Serguei Mourachov](
Investors:
[SoftBank]( (Lead), [Accel Partners](
[Flipkart](
[10B INR]( / [Debt Financing](
Flipkart is an online shopping destination in India. The Bangalore-based company’s wholesale cash-and-carry arm raised the credit capital from Axis Bank.
Categories:
Bangalore IND · Lifestyle · Fashion · Retail · E-Commerce · Shopping
Founders:
[Sachin Bansal]( [Binny Bansal](
Investors:
[Axis Bank]( (Lead)
[HighRadius](
[$50M]( / [Venture](
HighRadius is a SaaS provider for integrated receivables. The Houston-based company’s customers include adidas, Cargill, Danone, Johnson & Johnson, Procter & Gamble, Starbucks, Sysco, Warner Bros, and Zurich.
Investors:
[Susquehanna Growth Equity]( (Lead)
More Investments
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[FINNOMENA]( $32M / Series A [Krungsri finnovate](
[ComparaOnline]( $14M / Venture [International Finance Corporation]( [Bamboo Capital Partners](
[Vade Secure]( 10M EUR / Venture [Isai](
[Augmedics]( $8.3M / Venture [AO Invest](
[BeatBox Beverages]( $4.7M / Series A [Matthew Meehan]( [Rod Hildebrant](
[Melodics]( $1.2M / Seed –
[All Recent Funding Activity](
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Acquired by [Northrop Grumman]( for $7.8B
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