Dropbox's latest fundraising round worth $325M: SEC filing

Summary:According to the filing, the ceiling for the fundraising round is actually $450 million, meaning Dropbox might shoot even higher.

dropbox

Dropbox's latest filing with the U.S. Securities and Exchange Commission has the blogosphere in a tizzy this afternoon.

That's because the Form D filed on Monday revealed that the San Francisco-headquartered company raised another $325 million or so -- a sum that is only going to fuel more rumors about an initial public offering at some point this year.

Fortune reported that the cloud storage business actually raised closer to $350 million. Dropbox has not commented publicly on the matter.

According to the filing, the ceiling for the fundraising round is actually $450 million, meaning Dropbox might shoot even higher.

Allen & Company and Goldman Sachs were listed as brokers for the deal.

This week's SEC filing follows reports back in January about fundraising closer to $250 million, supporting speculation that Dropbox's valuation hovers around $10 billion.

Dropbox raised approximately the same amount during a Series B round back in 2011.

Topics: Enterprise 2.0, Cloud, Software, Storage, Tech Industry

About

Rachel King is a staff writer for CBS Interactive based in San Francisco, covering business and enterprise technology for ZDNet, CNET and SmartPlanet. She has previously worked for The Business Insider, FastCompany.com, CNN's San Francisco bureau and the U.S. Department of State. Rachel has also written for MainStreet.com, Irish Americ... Full Bio

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