Dropbox is reportedly closing $250 million in a funding round that values the company at around $10 billion, according to sources with The Wall Street Journal. BlackRock is leading the round and it includes previous investors. Dropbox’s valuation has more than doubled since 2011, which is around the time that they were valued at $4 billion.
Dropbox raised $250 million in funding in 2011 from Goldman-Sachs and several venture capital firms including Accel Partners, Sequoia Capital, and Index Ventures.
Dropbox generated over $200 million in 2013 revenues and the company made around $116 million in 2012, according to sources with Dropbox’s financial reports. These numbers are well over $46 million in 2011 revenues and $12 million in 2010.