Connect with us

Hi, what are you looking for?

Jewish Business News

VC, Investments

Aaron Levie Picks Up Another $100 Million in Funding For Box

Box, the rising stars of web storage, founded by Levie in 2005 , have received $309 million in funding to date.

Box Inc. Chief Executive Officer Aaron Levie Interview

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.

Click to comment

Newsletter

Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

Advertisement