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

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

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