Slack Fund, the corporate venturing subsidiary of US-based workplace collaboration tool developer Slack, announced 11 new portfolio companies on Wednesday.
The unit was established in late 2015 with $80m in cash to create an ecosystem around Slack’s instant communication platform. It backs startups producing technologies built on top of, or capable of integrating with, the companys offering.
More than half of the fund’s capital came from Slack itself, with the remainder made up of commitments from VC firms Accel Partners, Andreessen Horowitz, Index Ventures, Kleiner Perkins Caufield & Byers, Spark Capital and Social Capital.
The 11 latest additions to Slack Fund’s portfolio include Statsbot, the developer of an analytics bot capable of generating alerts about data and query reports, and Swayfinance, which enables users to understand their company’s financial state without manually asking the relevant team.
Guru’s technology creates a searchable database of team-specific knowledge based on existing conversations, while Bold lets users write blog posts that are automatically published to relevant Slack channels. Demisto’s product identifies malicious URLs and files, and alerts users accordingly.
Datafox’s offering provides real-time insight into third-party companies, Troops enables the integration of Salesforce data into Slack to boost sales efforts and Workramp lets companies create training and development courses that can be accessed through Slack.
Synervoz has developed an always-on voice chat platform, while Twine’s product enables users to connect Slack to existing communications facilities in conference rooms. Finally, Donut connects team members for regular coffee meetings to foster better working relationships.
Slack has not revealed how much money it has invested in the startups. The company previously revealed it had invested approximately $2m in 14 businesses by July 2016.