U2’s Bono Invests in Dropbox

Monday, 2 Apr 2012 | 4:53 PM ET
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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