Dropbox raises $350 million in funding round
Dropbox has raised $350 million in a new funding round, bringing the company's total value to $10 billion, according to a Wall Street Journal report.
The online storage company raised $325 million from its investors and has the option to add $125 million, according to a filing with the Securities and Exchange Commission on Monday.
According to the Journal, Dropbox has included $25 million extra to bring the total to $350 million but does not plan on adding more.
Dropbox will use the funds to expand its international business, it said.