6 Dec 2013

Box Confirms It Raised $100M For Global Expansion




The mega rounds continue to drop, with enterprise-facing cloud storage company Box confirming that it has raised $100 million in fresh outside funds. TechCrunch reported and confirmed the funding in late November, meaning that Box took its time in disclosing the size of its new cash influx.

The round values Box in the neighborhood of $2 billion, meaning that the company sold around 5 percent of its equity in the deal.

Box, like Uber and Pinterest (and perhaps Snapchat shortly), have each raised huge sums in recent months, at valuations in the billions. Dropbox, a key competitor to Box, is said to be hunting for nine-figure funds with a valuation in the billions, as well.



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