Monday, April 29th, 2019

Slack Files to Go Public
S-1 Filing

The workplace collaboration tool looks to list its shares on the New York Stock Exchange via Direct Listing, a process where a company offers its securities directly to the public markets without the use of underwriters or banks.

The process to list publicly was also used by Spotify last year.

The company stated in its S-1 filing that it achieved $400 million in revenue for the year ending Jan. 31, 2019 with a net loss of $138.9 M. According to the filing, it currently has over 10 million daily active users, with over 600k organizations using the product.

Lattice, a Leader in Performance Management Software Raises New Funds
Company Blog Post

The performance management startup announced that it has “raised $15 million in Series B funding, led by Shasta and joined by Thrive and Khosla Ventures.”

The company, which was founded in 2016, looks to use the funds to grow its team and invest in developing new products on its platform.

Walmart is Entering the Beef Industry
Company Announcement 1
Company Announcement 2

The retail giant announced that it’s “developing an end-to-end supply chain for Angus beef” in an effort to provide its customers with greater “quality and transparency” on their beef purchases.

The move looks to work with best-in-class partners on sourcing “cattle raised on family farms and ranches.”

The company stated that a “selection of Angus beef cuts like steaks and roasts from this supply chain will be sold in 500 Walmart stores across a number of states in the southeast including Georgia, Alabama and Florida.”