# Dropbox

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/dropbox

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.dropbox.com
- Total disclosed funding: $598M
- Latest round: Series C (Jan 29, 2014)
- Investors on record: 20

## About

Dropbox, Inc. is a U.S.-based cloud storage company that provides services for file storage, synchronization, and sharing, enhancing collaboration for users and teams across various sectors.Founded in 2007 by Arash Ferdowsi, Ashley Alt, Aubree Arias, Drew Houston, Fatma AlBloushi, Gabriel Galand, Laura Isabel, Soul Htite, Dropbox, Inc. operates out of San Francisco, US. The company focuses on cloud-based solutions and has undergone significant strategic development since its inception. Most notably, Dropbox went public in March 2018, raising USD 756 million in shares valued at USD 21 each. In April 2018, it raised an additional USD 113 million in a Private Placement, bringing its total amount raised to USD 113 million.Dropbox, Inc. offers a suite of cloud-based products designed to enhance collaboration, file management, and secure storage for individuals and teams. The company's core product, Dropbox, provides users with the ability to store, share, and synchronize files across devices. Additionally, Dropbox Dash serves as an advanced search tool that integrates with various applications, enabling users to locate files, images, and team members efficiently. The platform supports a diverse client base, including creative teams, engineers, and knowledge workers globally, with features that include secure file transfer, real-time syncing, and collaboration tools.In 2023, Dropbox generated revenue of USD 2,501.60 mn, with an EBITDA of USD 751.50 mn. The company primarily utilizes a subscription-based revenue model, offering a variety of plans such as Dropbox Plus, Professional, Business, and Enterprise, tailored to meet individual and organizational needs.Looking forward, Dropbox is focused on expanding its product offerings and market reach. The company aims to launch new collaborative tools and enhance existing services by the end of 2024. Plans for geographical expansion are also in place, targeting increased presence in Europe and Asia-Pacific by 2025. Recent funding from the April 2018 Private Placement will support these initiatives, facilitating product development and marketing efforts to capture new users.

## Funding rounds

- Series C, Jan 29, 2014, $325M — Index Ventures, T Rowe Price, Morgan Stanley Investment Management, BlackRock, Slow, G Squared, Queensbridge Venture Partners, Salesforce Ventures, Green Bay Ventures, Innovation Department
- Series B, Feb 27, 2012, $15M — Accel, Benchmark, Index Ventures, Institutional Venture Partners, Hong Shan, Greylock Partners, RIT Capital Partners, Fidelity Investments, Goldman Sachs Asset Management
- Series B, Oct 18, 2011, $250M — Accel, Benchmark, Index Ventures, Institutional Venture Partners, Hong Shan, Greylock Partners, RIT Capital Partners, Valiant Partners, Goldman Sachs Asset Management
- Series A, Oct 31, 2008, $7.3M — Accel, Hong Shan
- Seed, Sep 1, 2007, $1.2M — Hong Shan
- Seed, Jun 1, 2007 — Y Combinator

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Hong Shan — Seed, Series A, Series B
- Accel (https://capitalatlas.ai/funds/accel) — Series A, Series B
- Benchmark (https://capitalatlas.ai/funds/benchmark) — Series B
- Index Ventures (https://capitalatlas.ai/funds/index-ventures) — Series B, Series C
- Institutional Venture Partners (https://capitalatlas.ai/funds/institutional-venture-partners) — Series B
- Greylock Partners (https://capitalatlas.ai/funds/greylock-partners) — Series B
- RIT Capital Partners — Series B
- Valiant Partners (https://capitalatlas.ai/funds/valiant-partners) — Series B
- Goldman Sachs Asset Management (https://capitalatlas.ai/funds/goldman-sachs-asset-management) — Series B
- Fidelity Investments (https://capitalatlas.ai/funds/fidelity-investments) — Series B
- T Rowe Price (https://capitalatlas.ai/funds/t-rowe-price) — Series C
- Morgan Stanley Investment Management — Series C
- BlackRock (https://capitalatlas.ai/funds/blackrock) — Series C
- Slow (https://capitalatlas.ai/funds/slow) — Series C
- G Squared (https://capitalatlas.ai/funds/g-squared) — Series C
- Queensbridge Venture Partners (https://capitalatlas.ai/funds/queensbridge-venture-partners) — Series C
- Salesforce Ventures (https://capitalatlas.ai/funds/salesforce-ventures) — Series C
- Green Bay Ventures (https://capitalatlas.ai/funds/green-bay-ventures) — Series C
- Innovation Department (https://capitalatlas.ai/funds/innovation-department) — Series C