Box Secures $100 Million Funding at $2 Billion Valuation
Box Inc. has secured $100 million in funding at a valuation of about $2 billion, said chief executive Aaron Levie, as new international investors plan to help the online storage provider expand outside the U.S.
The Los Altos, Calif., company plans to open its first offices in Japan, Australia and Brazil in 2014, and invest heavily in its European headquarters in London, said Mr. Levie.
The funding round included corporations in four markets, the CEO said: Itochu Technology Ventures, Macnica Inc. and Mitsui & Co. in Japan; Telefónica S.A. in Europe and Latin America; and Telstra Corp. in Australia. DST Global, Coatue and previous Box investors also contributed to the round, Mr. Levie said.
