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Comprehensive software reviews to make better IT decisions Raises $150 Million

What Happened?

Team collaboration platform raised $150 million in a series D funding round, led by Sapphire Ventures. Other vendor participation came from Hamilton Lane, HarbourVest Partners, Ion Asset Management, and Vintage Investment Partners. is now valued at $1.9 billion, nearly four times more than last year’s valuation.

Our Take is not a major player in the team collaboration market, but its year-on-year valuation increase is notable. is gaining traction: SoftwareReviews’ scorecard lists that users are 88% likely to recommend

Source: SoftwareReviews Scorecard, Accessed August 6, 2019

However, still has a long way to go to rival the two major team collaboration platforms: Microsoft Teams and Slack. Teams serves more than five times the amount of’s organizational users, and Slack’s market cap is ten times more than’s $1.9 billion valuation.

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