Box CEO Aaron Levie Confirms He Raised A Whopping $100 Million At A $2 Billion Valuation
As we previously reported, Box had filed the paperwork for a $100 million round in October.
Box wouldn't comment at the time, but Levie is now openly talking about it. The money will be used to fund international expansion, Levie told the Wall Street Journal's Douglas MacMillan.
Four international corporations signed on as investors, Levie said. From Japan the new investors are Itochu Technology Ventures, Macnica, and Mitsui. Spanish/European telecom giant Telefónica and Telstra in Australia, also invested. Plus, DST Global, Coatue and previous Box investors also contributed to the round, he said.
Box's latest mega round of funding comes as one of its biggest rivals, Dropbox, is also reportedly seeking to raise another $250 million, at a jaw-dropping $8 billion valuation.
In July, 2012, Box raised $125 million and was valued at $1 billion. Before this new round, Box had raised $309 million.
Scuttlebutt says that Box will file for an IPO in 2014.