Box.net Obtains $48,000,000 Series D Financing
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b55659c3-8340-4a25-b745-e4a60ab7e014&Preview=1 -
Date
2/24/2011 -
Company Name
Box.net -
Mailing Address
220 Portage Ave. Palo Alto, CA 94306 -
Company Description
Launched officially in March of 2006, Box.net currently provides secure online file storage and sharing functionality to over 500,000 registered users, serving files to millions of people across the world. Box.net’s unique platform allows personal and commercial content to be accessible, sharable, and storable in any format from anywhere. -
Website
http://www.box.net -
Transaction Type
Debt, Venture Equity -
Transaction Amount
$48,000,000 -
Transaction Round
Series D -
Proceeds Purposes
With the new round of capital, the startup plans to add more than 60 engineers and salespeople to its team of 140 by year-end, and will build new products designed for larger businesses, said Aaron Levie, chief executive officer of Box. -
M&A Terms
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Venture Investor
Meritech Capital Partners -
Venture Investor
Emergence Capital Partners -
Venture Investor
Andreessen Horowitz -
Venture Investor
Draper Fisher Jurvetson -
Venture Investor
Scale Venture Partners -
Venture Investor
U.S. Venture Partners -
Venture Investor
Hercules Technology Growth Capital
