Box.net raises $48 million

by Property Management on February 24, 2011

Cloud file and storage company Box.net raised $48 million in a Series D round led by Meritech Capital Partners, a late stage venture capital investment firm.
New investors Andreessen Horowitz and Emergence Capital Partners and previous investors Draper Fisher Jurvetson, Scale Venture Partners and U.S. Venture Partners also gave money.
Founded in 2006, Palo Alto-based Box finished 2010 with over 5 million users and nearly $19 million in revenue, fueled by new business from big customers like DreamWorks, Cisco (NASDAQ: CSCO) and Dell (NASDAQ:…

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