Dropbox raises USD 250 mln - report

Monday 20 January 2014 | 08:36 CET | News
Dropbox has raised about USD 250 million in a funding round that values the online-storage provider at close to USD 10 billion, two people familiar with the deal told the Wall Street Journal. A BlackRock investment fund is leading the deal, which also includes previous investors. The company's valuation has more than doubled since late 2011, when investors valued the San Francisco-based company at USD 4 billion. The company also got a higher price than expected when it approached investors as recently as November. Dropbox raised USD 250 million in its 2011 financing from Goldman Sachs G and

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Categories: Internet
Companies: Dropbox
Countries: World
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Accel launches USD 205 mln fund for Indian start-ups

Published 25 Mar 2015 12:59 CET | India
India venture capital firm Accel Partners has announced its new fund, dubbed 'Accel India IV'. The new USD 305 million fund will ...

Vodafone partners Dropbox for Backup+ service

Published 01 Mar 2015 15:16 CET | World
Vodafone Group and Dropbox have introduced a new mobile-first service exclusively for Vodafone's customers. The service called ...

Dropbox names Condoleezza Rice to board

Published 10 Apr 2014 09:09 CET | World
Dropbox announced the promotion of Sujay Jaswa to CFO. He has created and led the business side of Dropbox since joining in 2010, ...

Dropbox, Square secure credit lines - report

Published 07 Apr 2014 09:21 CET | World
Dropbox has agreed up to USD 500 million in borrowing in a credit facility led by JPMorgan, the Financial Times reports. This ...

'Dropbox sluit lening af van 500 miljoen dollar'

Published 07 Apr 2014 08:53 CET | World
Dropbox heeft een lening van 500 miljoen dollar afgesloten om daarmee zijn  infrastructuur te verbeteren. De Financial Times (FT) ...

Dropbox now accessible in China

Published 17 Feb 2014 22:36 CET | China
Access to Dropbox in China has been restored for the first time since the service was originally blocked in 2010, reported ...

Google Motorola exec leaves to become Dropbox COO

Published 13 Feb 2014 11:13 CET | World
Google executive Dennis Woodside is leaving the company after the agreed sale of the Motorola handset business to join Dropbox as ...

Dropbox haalt 250 miljoen dollar op - WSJ

Published 20 Jan 2014 07:47 CET | World
Dropbox heeft in een recente financieringsronde 250 miljoen dollar opgehaald. Hierdoor zou de cloudopslagdienst nu tien miljard ...

Dropbox seeks USD 8 billion valuation - report

Published 19 Nov 2013 09:06 CET | World
Dropbox plans to raise USD 250 million in the next few weeks, two people with knowledge of the company's plans told Bloomberg ...

Dropbox buys mobile coupon company Endorse

Published 21 Jul 2013 13:49 CET | World
Filesharing service Dropbox has acquired mobile coupon startup Endorse. No financial details related to the transaction have been ...

Box talks to banks about credit line ahead of IPO - report

Published 12 Jun 2013 15:24 CET | United States
US enterprise cloud-based file sharing start-up Box is in talks with at least three banks to secure a credit line with private ...

Dropbox acquires Mailbox

Published 18 Mar 2013 16:16 CET | World
Filesharing service Dropbox has announced the acquisition for an undisclosed amount of US start-up Orchestra, which developed the ...

Dropbox meets banks about IPO - report

Published 18 Feb 2013 08:35 CET | World
Dropbox has met banks about an IPO, potentially in the second half, people briefed on the talks told the blog Quartz (qz.com). ...

Dropbox reaches 100 mln users

Published 14 Nov 2012 11:55 CET | World
Cloud storage service Dropbox announced that it has passed the milestone of 100 million registered users. Growth has been ...