Wednesday, July 13, 2011

Dropbox Raising Massive Round at a $5B-Plus Valuation | TechCrunch

Let’s see – Apple iCloud is coming soon, to address iPad/iPhone/Mac/PC file sync challenges, and vendors including Facebook, Google, and Microsoft are all relentlessly competing to manage your digital stuff; I wonder how this will all work out, for Dropbox investors…

The real news are the numbers we’re hearing from multiple sources close to the company. Dropbox is looking to raise between $200 million and $300 million according to these sources. In terms of valuation, the company has already had multiple offers at a valuation north of $2 billion range, and recently more informal discussions in the $8 billion-valuation range. Our sources expect the valuation to end up in the $5 billion to $10 billion range.

That’s quite a step up from its previous funding rounds which have totalled a tiny $7.2 million.

Dropbox Raising Massive Round at a $5B-Plus Valuation | TechCrunch

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