Box.net Obtains $48,000,000 Series D Financing

  • Feed Type
  • 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
  • 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

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