Slack, The maker of the popular enterprise chat app, is raising $400M or more

Crunchbase Daily: Slack, Actifio, Freee, Kodiak Robotics, Care/of, and Even Financial

Slack raising $400M or more

Slack is also not slacking on the fundraising trail. The maker of the popular enterprise chat app is reportedly raising $400 million or more at a post-money valuation of at least $7 billion.

Bytedance seeks $3 billion

Bytedance, the startup behind hit Chinese news aggregator Jinri Toutiao, is reportedly seeking to raise as much as $3 billion in a funding round that could value the Beijing-based company at up to $75 billion.

 

Tracing the geography of supergiant rounds

And so the rise in supergiant venture rounds continues. Deals for $100 million and up hit a record in July, and August is off to a brisk start as well. But where in the world are all the companies raising the capital? A Crunchbase News analysis finds that supergiant round volume in the U.S. and China is highly correlated, with similar deal counts for both countries this year.

Musk mulls taking Tesla private

Elon Musk surprised investors with a tweet about potentially taking Tesla private at $420 per share, sending the stock soaring. Musk also stated he has funding secured.

Dynamic Yield secures $32M

Dynamic Yield, a developer of software for making personalized recommendations to online customers, announced that it has raised a $32 million Series D round led by Viola Growth.