Breaking News! Box Secures $150M

VC Experts

VC Experts constantly tracks investments and developments of private companies, and we frequently come across bits of information that require more evaluation and insight. Box, Inc. filed an Amended and Restated Certificate of Incorporation today (July 7, 2014) authorizing a new Series F Preferred stock. The new round authorized 7,500,000 shares of Series F Preferred stock at $20.00/share, totaling an investment of $150M. The terms of this new round of financing puts Series F on top of the Liquidation Stack with 1x return plus $3.00 per year that accumulates quarterly. There are also some special conversion rights for the Series F, as well as a board seat for the Series F. Click below to view the certificate.

"The Series F would get their money back, plus some if an exit happened at a lower valuation. If the valuation is high enough, then all would convert to common and participate on the same level. It depends on what the exit price is to build the waterfall. If they go public, then they would convert to common, but they (Series F) do have a “special conversion” section in this latest cert."

-Justin Byers, Director, Business Intelligence, VC Experts

"Box just acquired Streem, a Y-Combinator startup focused on letting you get to all of your content in the cloud, right on your desktop. As well as they just introduced Box Notes, a note taking tool built right into the Box site. This could be the final push to get those two applications running seamlessly before an IPO."

-Amanda Akin, Business Intelligence Analyst, VC Experts

Box Inc
FKA:, the company provides an online storage solution. The Company offers a cloud content management service to hold Documents, Photos, Music Files, and Video Clips. Box. net enables users to share, store, and access files of any type from anywhere. 
General Information
• Address: 4440 El Camino Real, , Los Altos, CA, 94022
• Geographic Region: Silicon Valley
• Industry: Business Products and Services, IT Services, Software
• SIC Codes: 7374 - Computer Processing and Data Preparation and Processing Services
• NAICS Codes: 518210 - Data Processing, Hosting, and Related Services
• Legal Counsel: Perkins Coie LLP
• Company Website:

Key Management
• Levie, Aaron - Co-Founder, CEO, Director
• Smith, Dylan - Co-Founder, CFO, Director
• Levin, Dan - COO, Director
• Stein, Josh - Director
• Hamid, Mamoon - Director
• Reiner, Gary - Director
• Evan, Dana - Director
• Fu, Winston - Director
• O'Driscoll, Rory - Director
• Draper Fisher Jurvetson
• Undisclosed Firm
• U.S. Venture Partners
• Social+Capital Partnership
• Meritech Capital Partners
• New Enterprise Associates Inc
• Hercules Technology Growth Capital Inc
• Emergence Capital Partners
• Andreessen Horowitz LLC
• SAP Ventures
• Bessemer Venture Partners
• Scale Venture Partners
• General Atlantic LLC
• US Venture Partners
• Draper Fisher Jurvetson International Inc
• Mail.Ru Group Ltd
• Telstra Corporation Ltd
• ITOCHU Technology Ventures, Inc.
• Telefonica
• Coatue Management LLC
• Macnica Inc.
• Digital Sky Technologies Ltd
• Mitsui USA
• Mankwitz Kurtz Investments

Most Recent Financing Round

Date Investment Amount
*Based on Authorized Shares of Series F
Valuation Est. Fully Diluted Shares Preferred Price Per Share
07/07/2014 $150M* $2.29B



Most Recent Deal Terms

Round: Series F
Direction: Up Round

Liquidation Preference: Senior
Liquidation Multiple: >1-2x
Stock Type: Conventional Convertible
Anti-Dilution: Weighted Average
Redemption: Yes
Cumulative Dividends: No
Dividend Rate: 8
Pay to Play: No

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