Box reportedly brings in $150M in new funding; pushes off IPO

Gigaom

Cloud storage and file-sharing company Box has brought in $150 million from private-equity firm TPG Capital and Coatue Management, a hedge fund, according to a report in The Wall Street Journal (registration required) that cited two unnamed sources.

Box has long been awaiting a possible IPO and even filed IPO paperwork on March 24, indicating that the company could be going public as soon as June. That obviously did not happen.

An influx of cash will help preserve Box for another couple of months as the company plans on going public until after Labor Day of this year, according to the Wall Street Journal.

With this round of investment Box is now valued at $2.4 billion, which the Journal writes is “only slightly higher than last December,” when the company landed $100 million in funding.

In May, Box announced that General Electric became a Box customer and that roughly 300,000 GE employees…

Ver la entrada original 144 palabras más

Responder

Introduce tus datos o haz clic en un icono para iniciar sesión:

Logo de WordPress.com

Estás comentando usando tu cuenta de WordPress.com. Cerrar sesión / Cambiar )

Imagen de Twitter

Estás comentando usando tu cuenta de Twitter. Cerrar sesión / Cambiar )

Foto de Facebook

Estás comentando usando tu cuenta de Facebook. Cerrar sesión / Cambiar )

Google+ photo

Estás comentando usando tu cuenta de Google+. Cerrar sesión / Cambiar )

Conectando a %s