Dropbox Scores $325 Million More in Funding

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Dropbox, Inc. remains one of the top upcoming attractions for apps and software. In fact, the only reason it was not in our top ten IPOs to watch for in 2014 is because the IPO hopeful here seems to have not seen much attention of late. Still, this company has raised millions upon millions – and has just given an SEC filing showing that Dropbox was trying to raise $450 million versus $250 million previously reported.

The Form D filing with the Securities and Exchange Commission was for up to $450 million in equity. The company signaled that some $324,999,850 had been sold – call it $325 million for rounding, leaving just over $125 million in total that could still be raised.

The filing also showed that some 72 investors have participated. Allen & Company and Goldman Sachs were listed as firms paid a sales compensation, which was disclosed in the filing as $8.125 million in total.

Dropbox did not disclose its revenue category in the Form D filing. Forbes reported in late January that a $250 million round of capital raised may have been $450 million, and that the valuation was at $10 billion.

This Form D does not confirm what the valuation is, but it sure seems as though another emerging tech giant of tomorrow has a $10 billion valuation even before coming public.