Box raises $100 million with $2 billion valuation for international expansion
Box has raised $100 million in a round of funding with a $2 billion valuation. With the help of the funding, Box will be opening up their first offices in Japan, Australia, and Brazil in 2014. The company will also invest heavily into their European headquarters in London. Investors in this round include Itochu Technology Ventures, Macnica Inc. and Mitsui & Co., Telefónica S.A., and Telstra Corp. Previous investors DST Global, Coatue, and other previous Box investors also participated in this round.
Telstra will be offering secure file-sharing and collaboration solutions to their Australian business customers over the next few months. Box currently has over 20 million users worldwide at over 180,000 businesses. This is up from 150,000 businesses and 15 million users in March.