Monday, July 7, 2014

Box Announces $150 Million Investment

Box announced a $150 million investment from TPG Growth and Coatue Management.  The company, which filed an S-1 registration statement in March with the S.E.C., said TPG Growth will also appoint a director to the Box Board of Directors. Terms of the transaction were not disclosed. The company said it now has more than 27 million individual users at more than 240,000 businesses globally as customers.

"Our mission is to help organizations be more productive, collaborative and competitive by connecting people and their most important information. This focus has been instrumental in building a customer base that includes some of the most influential businesses in the world,” said Aaron Levie, co-founder and CEO, Box. “We’re excited to work with TPG Growth and Coatue as we continue to aggressively invest in our customers, technology, and future growth.”

  • Box was founded in 2005 and is based in Los Altos, California.

  • In December, Box announced $100 million in new venture funding and strategic partnerships with with Itochu Technology Ventures, Macnica, Mitsui USA, MKI, Telefónica Digital and Telstra. Coatue, DST Global, and existing Box investors also participated.