Total amount raised
$564.1 Millions
Latest funding date
7/1/2019
Location
Box has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform offers intelligent content management, secure collaboration, and AI-powered workflows.
Keep reading to explore the intricacies of Box's fundraising journey and the investors backing this innovative platform.
What Is Box?
Box, founded in 2005 by Aaron Levie and Dylan Smith, is headquartered in Redwood City, California. The company specializes in intelligent content management, secure collaboration, and AI-powered workflows.
Box's platform is designed to help businesses manage their content securely and efficiently, offering features like real-time summaries, deep analysis, and smart recommendations. The company has grown significantly since its inception and now employs over 2,000 people.
With a focus on security and compliance, Box integrates with over 1,500 apps, providing a comprehensive solution for various business needs. The platform is trusted by major companies like Morgan Stanley Wealth Management and AstraZeneca.
How Much Funding Has Box Raised?
- Series C
- Amount Raised: $15M
- Date: April 2010
- Lead Investors: Scale Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product offerings and scale operations.
- Series D
- Amount Raised: $48M
- Date: February 2011
- Lead Investors: Meritech Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and enhance the platform's capabilities.
- Series D
- Amount Raised: $81M
- Date: October 2011
- Lead Investors: Not publicly disclosed
- Valuation at Round: Over $600M
- Motivation Behind the Round: To support rapid expansion and product development.
- Series E
- Amount Raised: $125M
- Date: July 2012
- Lead Investors: General Atlantic
- Valuation at Round: $1.2B
- Motivation Behind the Round: To target global growth and large enterprises.
- Series E
- Amount Raised: $25M
- Date: January 2013
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue scaling the business and enhancing technology.
- 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.
- Series F
- Amount Raised: $100M
- Date: December 2013
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel further growth and innovation.
- Series G
- Amount Raised: $150M
- Date: July 2014
- Lead Investors: Coatue, TPG
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To prepare for an IPO and expand market reach.
- Post-IPO Equity
- Amount Raised: $500M
- Date: April 2021
- Lead Investors: Kohlberg Kravis Roberts
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen financial position and support strategic initiatives.
- Post-IPO Debt
- Amount Raised: $400M
- Date: September 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To refinance existing debt and fund future growth.
Box has raised a total of $1.569B. The current valuation is not publicly disclosed.
Key Investors
- General Atlantic
- Details: General Atlantic is a leading global growth equity firm providing capital and strategic support for growth companies. Gary Reiner, an operating partner at General Atlantic, joined Box's board of directors.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: Airbnb, Slack, Uber.
- Meritech Capital Partners
- Details: Meritech Capital Partners is a venture capital firm that invests in late-stage technology companies. They led Box's Series D round in February 2011.
- Investment Focus Areas: Enterprise software, consumer internet, healthcare IT.
- Notable Investments: Facebook, Salesforce, Tableau.
- Scale Venture Partners
- Details: Scale Venture Partners is a venture capital firm that invests in early-in-revenue technology companies. They led Box's Series C round in April 2010.
- Investment Focus Areas: SaaS, cloud infrastructure, digital health.
- Notable Investments: DocuSign, HubSpot, RingCentral.
- Coatue
- Details: Coatue is a global technology-focused investment firm. They co-led Box's Series G round in July 2014.
- Investment Focus Areas: Technology, media, telecommunications.
- Notable Investments: Snap, ByteDance, DoorDash.
- TPG
- Details: TPG is a global alternative asset firm with a focus on private equity, growth capital, real estate, and public equity. They co-led Box's Series G round in July 2014.
- Investment Focus Areas: Healthcare, technology, consumer products.
- Notable Investments: Airbnb, Spotify, Uber.
What's Next for Box?
Box is poised to capitalize on the growing demand for enterprise cloud storage and collaboration tools. With a strong foothold in the U.S. market, the company aims to expand its international presence, particularly in Europe, Japan, Hong Kong, Singapore, and Australia. This global expansion could significantly increase its customer base, which already includes 92% of the Fortune 500.
Future fundraising opportunities may arise as Box continues to grow, although the company is in a strong position to avoid further private rounds. However, the dynamic enterprise software market presents challenges, including intense competition from tech giants and the need for continuous innovation. Balancing rapid international growth with maintaining service quality will be crucial for Box's sustained success.
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