Box Receives $150M Investment

boxBox, a Los Altos, CA-based provider of a free cloud storage and file sharing services that enables users to share and access files online, received a $150m investment.

Backers included TPG Growth and Coatue Management, L.L.C. As part of the agreement, TPG Growth will also appoint a director to the Box Board of Directors.

The company intends to use the proceeds to continue to invest in customers, technology, and future growth.

Led by Aaron Levie, co-founder and CEO, Box provides a platform to share and access content on the web, through iOS, Android and Windows Phone applications, and via partner applications, such as Google Apps, NetSuite and Salesforce.
The company currently has more than 27 million individual users at more than 240,000 businesses globally. Customers include Chevron, Safeway, Pearson, Nationwide Insurance, and General Electric.



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