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Dropbox Confirms Raising $325 Million



Dropbox, the popular file storage service, has raised another $325 million in funding with the possibility of boosting that amount to $450 million, according to an SEC filing.

The latest funding round had been rumored for a few months, but the amount comes in at the higher end of the range that had been reported. One report last month said Dropbox was raising $250 million at a $10 billion valuation; another report said the amount could be as much as $400 million

Fortune reports hearing from an unnamed source that the total amount raised in the round to date is slightly higher, at $350 million, still at a $10 billion valuation Read more…

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