What Slack Fund does

Slack Fund is the corporate venture capital arm of Slack Technologies, LLC, which is itself a wholly-owned subsidiary of Salesforce, Inc. (NYSE: CRM). Established in 2021, the fund makes strategic equity investments in startups that build on, integrate with, or extend the Slack collaboration platform — with the explicit intent of strengthening Slack's ecosystem of integrations, automation, and AI-driven workflows. The fund does not sell products or license software; rather, it deploys capital alongside strategic and tier-one financial investors and earns returns through equity appreciation in portfolio companies realized at exit events such as acquisitions, IPOs, or secondaries.

The fund's only publicly disclosed investment to date is a co-investment in WorkFlow Automation, a no-code workflow automation platform based in Austin, Texas, which closed a $270 million Series C on September 13, 2025, at a $3.4 billion post-money valuation. The round was led jointly by Microsoft Ventures, Salesforce Ventures, Slack Fund, and General Catalyst, and proceeds are allocated to enhancing AI workflow suggestions, expanding the integration ecosystem, and developing enterprise automation consulting services. Portfolio companies are positioned to benefit from Slack's enterprise distribution, native Salesforce CRM data flows, and integration marketplace — capabilities that differentiate Slack Fund from a pure financial VC, even though the fund does not charge management fees publicly and does not disclose fund size, vintage, or additional portfolio holdings.

Operationally, Slack Fund is not a standalone product company: it has no native technology stack of its own, no disclosed headcount independent of Slack Technologies, and no independent pricing or GTM motion. Its value proposition is wholly derivative of the Slack/Salesforce parent — access to platform distribution, brand association, and strategic alignment — which makes its investment outcomes tightly correlated with the strategic priorities of its corporate parent rather than with independent market dynamics.

Name

Slack Fund

Legal name

Slack Fund

Website

https://slack.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Slack Fund is the corporate venture capital arm of Slack Technologies (a Salesforce subsidiary), making strategic equity investments in startups that build on or integrate with the Slack collaboration and AI platform.

Ownership category

akta.pro rank

Headquarters

HQ city

Daly City

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Others

Revenue model

1. Investment Returns: Slack Fund generates returns through equity stakes in portfolio companies. Returns are realized through exit events such as acquisitions, IPOs, or secondary transactions.

Go-to-market motion1 record

Core offering

Slack Fund is the corporate venture capital arm of Slack Technologies (a Salesforce subsidiary) that invests in startups building products on, or integrating with, the Slack collaboration platform. The fund provides growth capital alongside strategic value, including access to Slack's platform, distribution channels, integration ecosystem, and co-marketing opportunities with Slack's enterprise customer base. Returns are realized through equity stakes in portfolio companies via exit events such as acquisitions, IPOs, or secondary transactions.

Product overview

Slack is an AI-powered work platform organized as a core platform with integrated modules. The core Slack platform provides channels, messaging, huddles, clips, canvas, and lists for team collaboration. Key AI-powered modules include Slackbot (personal AI agent), Slack AI (summarization and search), and Agentforce (Salesforce AI agents). The Workflow Builder enables automation, while Slack Connect extends collaboration externally. Enterprise Search and Slack Atlas provide knowledge retrieval and identity management. The platform is enhanced by a Marketplace for third-party agents and apps, and integrates natively with Salesforce CRM.

Differentiator

Problem solved

Functional benefit

Products and services

• Slack Fund Strategic Investments Corporate venture capital fund that deploys growth equity into early- and growth-stage startups in the Slack ecosystem, including a $270 million co-investment in WorkFlow Automation's Series C round alongside Microsoft Ventures, Salesforce Ventures, and General Catalyst.

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration12 records

AI capability9 records

Partnerships

One partnership is on record.

• WorkFlow Automationportfolio companyOthersPortfolio company that received $270M Series C funding led by Slack Fund alongside Microsoft Ventures, Salesforce Ventures, and General Catalyst. WorkFlow Automation is a no-code workflow automation platform based in Austin, Texas, valued at $3.4 billion following the round.

Scale indicators1 record

Recent moves3 records

Expansion highlights3 records

Direct peers

• Salesforce Ventures: Salesforce's corporate venture capital arm and Slack Fund's sister entity. Both invest from the Salesforce balance sheet into enterprise software, and Salesforce Ventures was a co-lead in the same WorkFlow Automation round, making it the most directly comparable peer.
• Microsoft for Startups (M12): Microsoft's corporate venture fund focused on enterprise software and AI startups. Co-led the same WorkFlow Automation round as Slack Fund and directly competes for the same collaboration/automation investment opportunities.
• Google Ventures (GV): Alphabet's venture arm investing across enterprise software, AI, and infrastructure. Comparable to Slack Fund as a large, well-resourced tech corporate VC targeting enterprise and developer-focused startups.
• Atlassian Ventures: Corporate venture arm of Atlassian focused on collaboration and developer tools — a directly adjacent space to Slack's ecosystem. Targets startups building on or integrating with the Atlassian platform.
• Workday Ventures: Workday's strategic CVC investing in enterprise SaaS, AI, and HR/finance tech. Comparable to Slack Fund as a major enterprise software CVC targeting platform-adjacent startups.
• Zoom Ventures: Zoom's corporate venture arm focused on communication, collaboration, and AI. Directly comparable peer as a collaboration-software CVC targeting similar ecosystem opportunities as Slack Fund.
• ServiceNow Ventures: ServiceNow's corporate venture fund investing in enterprise workflow automation and AI startups — highly comparable to Slack Fund given WorkFlow Automation's overlap with ServiceNow's platform focus.
• HubSpot Ventures: HubSpot's corporate venture arm investing in SaaS and go-to-market software. Comparable peer as a mid-to-large SaaS corporate VC operating with similar strategic capital deployment model.
• Okta Ventures: Okta's strategic CVC investing in identity, security, and enterprise SaaS. Comparable peer as an enterprise software CVC with a similar strategic-investment thesis tied to platform ecosystem expansion.
• Notion Capital: VC firm focused on B2B SaaS and enterprise software in Europe. Comparable peer as a fund targeting workflow, productivity, and collaboration SaaS startups — adjacent to Slack Fund's investment focus.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/tiny-spec-inc

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments120 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Slack Fund