News Column

Dropbox Raising Valuation to $8 Billion

November 19, 2013

Asian News International

Washington, Nov. 19 (ANI): Dropbox is reportedly seeking to raise 250 million dollars over the next few weeks in venture capital funding, thereby putting the company's valuation at a staggering amount of 8 billion dollars.

The lofty figure matches the total amount Dropbox has accrued since its launch five years ago and also points to explosive growth as proof of strong momentum, the Verge reports.

According to the report, Dropbox presently has over 200 million users and has doubled its user base in just one year.

In an effort to give a boost to the company, Dropbox re-packaged its business offerings last week by making it easier for the users to separate work and personal accounts. (ANI)

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Original headline: Dropbox seeking $250 mn in capital funding, raising valuation to $8 bn

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Source: (c) 2013 All rights reserved. Provided by an company