Dropbox Raises $250M; Valued at $10Billion

Dropbox-logoDropbox, the San Francisco, CA-based provider of the service that lets users bring their files anywhere and share them, raised a massive $250m round of funding.

According to the WSJ, the round values the company at nearly $10 billion.

The investment is being led by a BlackRock Inc. (BLK) investment fund and includes participation from existing investors.

In October 2011, Dropbox had raised $250m from Goldman Sachs, Sequoia Capital, Index Ventures and Accel Partners (read here) while acquired MailBox in 2013 (read here).

Founded in 2007 by Drew Houston, CEO, and Arash Ferdowsi, Dropbox offers a popular free service that allows users to bring all their photos, docs, and videos anywhere, and share them. Any file saved to Dropbox automatically saves to all computers, phone or iPad, and the Dropbox website.
The service, which is offered in fifteen languages, has more than 200,000,000 users and over 4 million businesses in over 200 countries. It also supports thousands of apps including Docs to Go, CloudOn, GoodReader, 1Password, etc.



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