Box.net raises another $7.1M for collaboration tools
Collaboration company Box.net has raised another $7.1 million from its previous investors, Draper Fisher Jurvetson and US Venture Partners. PEHub first spotted the regulatory filing, and chief executive Aaron Levie confirmed the news to me.
The new money is an addition to the Palo Alto, Calif. company’s second round and brings its total funding to $17.6 million. Levie said:
So as you know, we’re all about the platform, and building a strong platform takes a big engineering investment. And then there are some marketing/sales activities that go around it. But in general, we’re really just expanding our commitment to the platform we’re building.
That platform involves integrating Box’s basic service (which is focused on sharing and managing documents) with a bunch of other online services, most recently Salesforce.com.
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About the Author, Anthony Ha
Anthony is VentureBeat's assistant editor, as well as its reporter on enterprise technology, cloud computing, and tech policy. Before joining VentureBeat in 2008, Anthony worked at the Hollister Free Lance, where he won awards from the California Newspaper Publishers Association for breaking news coverage and writing. He attended Stanford University and now lives in San Francisco. Reach him at anthony@venturebeat.com. You can also follow Anthony on Twitter.