Box, the rising stars of web storage, founded by Levie in 2005 , have received $309 million in funding to date.
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Box Inc. founder and Chief Executive Officer Aaron Levie / Getty
Aaron Levie, enigmatic founder of web storage company Box, has succeeded in conscripting another $100 million in funding, which according to sources on Wall Street, will be used to expand the company’s activities outside the U.S..
Levie has already made it public that he intends to open Box offices in Japan, Australia and Brazil during 2014, prior to launching an IPO sometime during the year.
The latest round of funding now raises Box’s value to about $2 billion with those taking part in the funding are Andreessen Horowitz, Bessemer Venture Partners, DFJ, Scale Venture Partners, Emergence Capital Partners, General Atlantic, Meritech Capital Partners, Salesforce and US Venture Partners.
In July 2012, Box raised $125 million in funding from more or less the same line up of investors, bringing the company’s value at that time to around $1billion, meaning that the company will have doubled in value in less than 18 months.
Industry onlookers predict that when Box does go public, they can expect to raise a further $500 million, especially if they stand firm on their prediction to reach a target of $100 million in revenue this year.
Aaron Levie was born and raised in Seattle, Washington, attending the Marshall School of Business at the University of Southern California before taking a leave of absence in 2005 to found Box. He has yet to return.