Dropbox Has Raised $350M In New Funding At A $10B Valuation


TechCrunch

A regulatory filing seems to confirm reports from the past couple of months that Dropbox has raised a large round of additional funding.

Back in January, the Wall Street Journal said that the cloud storage and sharing company had raised an additional $250 million at a $10 billion valuation. Then, in February, it updated that number to $350 million (at the same valuation) from investors including BlackRock, T. Rowe Price, and Morgan Stanley. However, Dropbox did not confirm the stories.

The filing says that the round could be up to $450 million, with $325 million raised so far. It seems that $350 million is a likely number, since that’s what Fortune has heard, too.

Dropbox had previously raised a little more than $250 million. I’ve reached out to the company and will update if I hear back.

By the way, Dropbox co-founders Drew Houston and Arash Ferdowsi won the…

View original post 74 more words

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s