Box.net's Unannounced Funding
The company raised another $7.1 million this month from its current investors -- Draper Fisher and U.S. Venture Partners -- but kept mum, allowing the new money to be revealed instead by an SEC filing. Marketing VP Jen Grant told me it's not a new round, but an extension of the $6 million Series B that Box.net raised nearly two years ago, in January 2008. (There was also a $1.5 million Series A round in 2006). "We decided not to go for a Series C given the economic climate," she said. "It's not the valuation we would want."
23 October 2009•2 mins read
