It’s raining money, at least in Los Altos, Calif., that is. Box has reportedly received a $150 million round of funding, which the Wall Street Journal reports will be used to hold the company over until IPO waters get warmer.
This comes only hours after the Enterprise File Synchronization and Sharing (EFSS) vendor was publicly announced as a leader in Gartner’s Magic Quadrant.
The investors, we can now confirm, are TPG Growth, which will appoint a director to Box’s Board of Directors, and Coatue Management, which incidentally just lost an incoming executive to Twitter, where he is now the CFO.
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Cha-Ching! Box Gets More Cash
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