Light Street-Backed Slack Prepares to Go Public

Slack is the latest company owned by Light Street’s new private fund that has filed for an IPO.

Chris Ratcliffe/Bloomberg

Chris Ratcliffe/Bloomberg

Now this is what you call late-stage financing.

Shortly after Light Street Capital had its first close in mid-January of Light Street Beacon I, a private late-stage growth equity fund, the firm said it funded two deals, Slack Technologies and Pinterest. Sure enough, three months later, Pinterest has already gone public and Slack on Friday filed for an initial public offering.


To continue reading, subscribe now to Premium Journalism. Already a subscriber? login.