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Box valued at $2bn in latest funding round

6 Dec 2013

data storage_lrgVenture capital-backed Box inc has raised a $100m round that valued the cloud storage provider at $2bn.

The company has bought new international investors on board to help it expand outside of the US, CEO Aaron Levia told the Wall Street Journal.

Box plans to launch new offices in Japan, Australia and Brazil in 2014 and make significant investments in its European headquarters in London, according to the report.

The round was backed by Mitsui Global Investment, Itochu Technology Ventures, Macnica, Digital Sky Technologies and existing investors Draper Fisher Jurvetson and the Social + Capital Partnership.

Andreessen Horowitz, Bessemer Venture Partners, General Atlantic and New Enterprise Associates did not participate in the round, according to Forbes.

The company asked some of its existing investors not to participate to make room for new investors, said the report.

Last year General Atlantic invested $100m in Box as part of a $125m funding round.

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