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U2’s Bono Invests in Dropbox

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Published: Monday, 2 Apr 2012 | 4:53 PM ET
thompson_cadie_2010_100.jpg By: | Technology Editor, CNBC.com
Source: Twitter

U2’s lead singer Bono and band guitarist The Edge have invested in the cloud storage start-up company Dropbox.

Dropbox announced the rockstars are investors via Twitter earlier Monday.

“@Dropbox is excited to welcome Bono & The Edge as investors. Thanks for the support and look forward to great things!” the tweet stated.

How much the rockstars invested in the San Francisco-based start-up was not released. But it’s likely the two musicians were part of the company’s $250 million round of funding last October, according to VentureBeat.

Bono is known for his investments in technology companies through Elevation Partners, the private equity firm he co-founded. Some companies Elevation Partners has invested in include Facebook, Yelp, and Palm.

Dropbox has grown in popularity as it allows multiple users to access data stored on a single location, and without having to email those large files back and forth.



email: tech@cnbc.com

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U2’s lead singer Bono and band guitarist The Edge have invested in the cloud storage start-up company Dropbox.

   
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  • Editor of CNBC.com's Tech Section, always plugged in and yet also wireless.

  • Working from Los Angeles, Boorstin is CNBC's media and entertainment reporter and author of CNBC.com's "Media Money" blog.

  • Fortt is CNBC's technology correspondent, working from CNBC's Silicon Valley bureau and contributes to "Tech Check" on CNBC.com.