Dropbox Completes $250M Series B Financing

Dropbox, a San Francisco, CA-based service that allows people to share their documents, photos and videos, has completed a $250m Series B financing.

The round was led by Index Ventures, with participation from new investors Benchmark Capital, Goldman Sachs, Greylock Partners, Institutional Venture Partners, RIT Capital Partners, and Valiant Capital Partners, as well as existing investors Sequoia Capital, Accel Partners, and Hadi and Ali Partovi.
This financing brings the total amount raised by the company to date to $257.2m.

Dropbox intends to use the funds to accelerate growth, make acquisitions, pursue strategic partnerships, and grow its team.

Founded in 2007 by CEO Drew Houston and Arash Ferdowsi, the service has more than 45 million users in 175 countries.



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