Total amount raised
$564.1 Million
Latest funding date
7/1/2019
Location
Box has successfully raised funding over 15 rounds, with the latest being a Post-IPO Debt round. The company is backed by 23 investors, including notable names like Kohlberg Kravis Roberts and Coatue.
Box offers a secure, AI-powered platform for content management, workflow automation, and collaboration. Keep reading to explore the intricacies of Box's fundraising journey and the investors backing this innovative platform.
What Is Box?
Box, headquartered in Redwood City, California, specializes in cloud computing, enterprise software, and file sharing. Founded in 2005, the company has grown to employ between 1,001 and 5,000 people.
Box offers AI-powered content management, workflow automation, and secure collaboration solutions. Their platform integrates with over 1,500 apps, providing tools for intelligent data extraction, AI insights, and e-signature workflows.
How Much Funding Has Box Raised?
- Post-IPO Debt
- Amount Raised: USD 400,000,000
- Date: September 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen financial flexibility and support long-term growth initiatives.
- Post-IPO Equity
- Amount Raised: USD 500,000,000
- Date: April 2021
- Lead Investors: Kohlberg Kravis Roberts
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product development and expand market reach.
- Series G
- Amount Raised: USD 150,000,000
- Date: July 2014
- Lead Investors: Coatue, TPG
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product offerings.
- Series F
- Amount Raised: USD 100,000,000
- Date: December 2013
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support rapid growth and international expansion.
- Non-Equity Assistance
- Amount Raised: Not publicly disclosed
- Date: October 2013
- Lead Investors: Future Fifty
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To gain strategic support and resources for scaling.
- Series E
- Amount Raised: USD 25,000,000
- Date: January 2013
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product development and market penetration.
- Series E
- Amount Raised: USD 125,000,000
- Date: July 2012
- Lead Investors: General Atlantic
- Valuation at Round: USD 1.2 billion
- Motivation Behind the Round: To target global growth and large enterprises.
- Series D
- Amount Raised: USD 81,000,000
- Date: October 2011
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue momentum and expand market presence.
- Series D
- Amount Raised: USD 48,000,000
- Date: February 2011
- Lead Investors: Meritech Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support product innovation and market expansion.
- Series C
- Amount Raised: USD 15,000,000
- Date: April 2010
- Lead Investors: Scale Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and enhance technology infrastructure.
Total Amount Raised: USD 1,619,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- Kohlberg Kravis Roberts (KKR)
- Details: KKR is a global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, and credit. The firm has a long history of successful investments and is known for its strategic approach to value creation.
- Investment Focus Areas: Private equity, energy, infrastructure, real estate.
- Notable Investments: First Data, GoDaddy, ByteDance.
- Coatue
- Details: Coatue is a technology-focused investment firm that manages both public and private equity funds. The firm is known for its deep expertise in the technology sector and its ability to identify high-growth opportunities.
- Investment Focus Areas: Technology, media, telecommunications.
- Notable Investments: Snap, DoorDash, Instacart.
- General Atlantic
- Details: General Atlantic is a leading global growth equity firm providing capital and strategic support for growth companies. The firm partners with entrepreneurs and management teams to build market leaders.
- Investment Focus Areas: Technology, financial services, healthcare, consumer.
- Notable Investments: Airbnb, Alibaba, ByteDance, Slack.
- Bessemer Venture Partners
- Details: Bessemer Venture Partners is a venture capital firm that invests in early-stage and growth-stage companies. The firm has a diverse portfolio and a strong track record of successful exits.
- Investment Focus Areas: Cloud computing, cybersecurity, healthcare, consumer.
- Notable Investments: LinkedIn, Shopify, Pinterest, Twilio.
- DFJ Growth
- Details: DFJ Growth is a venture capital firm that focuses on growth-stage investments in technology companies. The firm is known for its hands-on approach and its ability to help companies scale.
- Investment Focus Areas: Technology.
- Notable Investments: Tesla, SpaceX, Twitter, SolarCity.
What's Next for Box?
Box is poised for significant growth, driven by opportunities in international markets and large enterprises. With a strong presence in 92% of Fortune 500 companies, the company aims to expand its global footprint, particularly in Europe, Japan, Hong Kong, Singapore, and Australia. This expansion is expected to double its international customer base, currently at 20%, to 40%.
Future fundraising opportunities are likely, with a potential IPO on the horizon. The recent funding round has strengthened Box's financial position, allowing it to focus on scaling operations and enhancing its product offerings. However, the company must navigate intense competition from tech giants like Google and Microsoft, and manage the complexities of global expansion.
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