Box, Inc. announced that it has received $150 million in funding from Bessemer Venture Partners, Draper Fisher Jurvetson, General Atlantic LLC, New Enterprise Associates, The Social+Capital Partnership, and other investors.
January 29, 2013 at 09:30 am IST
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Box, Inc. announced that it will raise a pre-ipo round of funding on July 25, 2012. The company valuation is $1.20 billion and it has raised $162 million in funding till date.
On July 31, 2012, the company raised $125 million in the round led by new investor General Atlantic LLC and including participation from existing investors. General Atlantic invested $100 million in the round. Gary Reiner of General Atlantic will join the company's board. This round values the company at $1.20 to $1.50 billion. Returning investors Bessemer Venture Partners, Draper Fisher Jurvetson Growth 2006 Fund L.P. managed by Draper Fisher Jurvetson, New Enterprise Associates, SAP Ventures, Scale Venture Partners and, new investor The Social+Capital Partnership also participated in the transaction. Brett Rochkind of General Atlantic LLC, will join the company's board as an observer. The company will issue preferred stock in the transaction pursuant to Regulation D. The company has received staggering $287 million in funding till date.
On January 29, 2013, Box, Inc closed the transaction. The company amended the terms of the transaction. It has raised $150 million in funding from 17 investors.
Box, Inc. provides a cloud content management platform that enables organizations of all sizes to securely manage cloud content while allowing easy, secure access and sharing of this content from anywhere, on any device. The Companyâs Software-as-a-Service platform, users can work with their content as they need from secure external collaboration and sharing, to workspaces and portals, to e-signature processes and content workflows improving employee productivity and accelerating business processes. It offers Web, mobile and desktop applications for the Content Cloud on a single platform, as well as the ability to develop custom applications. Its offerings include Box Sign, Box Shield, Box Relay, Box Zones, Box KeySafe, Box Governance, Box Notes, and Box Shuttle. Box Shield is an advanced security offering that helps customers reduce the risk of accidental content leakage and protect their business from insider threats and account compromise, as well as threat detection.
Box, Inc. announced that it has received $150 million in funding from Bessemer Venture Partners, Draper Fisher Jurvetson, General Atlantic LLC, New Enterprise Associates, The Social+Capital Partnership, and other investors.
BOX, INC. 
