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

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.

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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

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  • Well that's nice and all...

    This is certainly not a bad thing, but my skepticism of Dropbox remains. Until those business prices go down (admittedly the reason I'm not a huge fan) I'm not going to touch them. The truth is, Dropbox is and always will be a consumer-level service until they make the 100% commitment to serving the enterprise. I'm not going to open up my books on the public web, but let's just say with my current provider DriveHQ, I'm paying 30 times less than I would be with Dropbox. And fyi, I'm a business user, not a free account user. I can't really comment on their free storage (which I have heard good things about), but again, just not a fan of Dropbox for business, mainly because of their price.
    CalTowns