San Francisco – Marking one of the largest funding rounds for a Bay Area technology company in recent years, San Francisco-based Dropbox, the developer of a service that allows users to transfer documents, photos and videos between devices, said on Tuesday it has raised $250 million in its second round.
Index Ventures led the round, which also included participation from new investors Benchmark Capital, Goldman Sachs, Greylock Partners, Institutional Venture Partners, RIT Capital Partners and Valiant Capital Partners, as well as previous backers Sequoia Capital, Accel Partners and Hadi and Ali Partovi.
Dropbox was founded in 2007 by Drew Houston and Arash Ferdowsi, and now has received a total of $257.2 million in funding. The service now has more than 45 million users in 175 countries.
“Our goal has always been to build a service that hundreds of millions of people would love and trust,” said Houston, who serves as CEO.
Dropbox recently ranked No. 5 in the Silicon Alley Insider Digital 100, an annual ranking of the world’s most valuable private digital startups. At the time, the company was worth an estimated $4 billion, putting it behind only Facebook, Zynga, Groupon and Twitter.
This article was also published in Bay Area Tech Wire.
Press release – http://tinyurl.com/3jdlh42