Dropbox reportedly has secured $350 million in a new round of funding to further its growth. The funding round generated at least $325 million but that figure could swell to as much as $450 million, according to documents filed Tuesday with the Securities and Exchange Commission. It appears that $350 million already has been raised, based on press reports. The financing gives Dropbox a $10 billion valuation. In 2011, it raised $250 million, giving it a $4 billion valuation. Those funds were earmarked for growth and partnerships.
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Investors Drop $350M on Dropbox
Posted by: Rachelle Dragani February 25, 2014 03:18 PMDropbox reportedly has secured $350 million in a new round of funding to further its growth. The funding round generated at least $325 million but that figure could swell to as much as $450 million, according to documents filed Tuesday with the Securities and Exchange Commission. It appears that $350 million already has been raised, based on press reports. The financing gives Dropbox a $10 billion valuation. In 2011, it raised $250 million, giving it a $4 billion valuation. Those funds were earmarked for growth and partnerships.