Dropbox: $15K VC investment turned into $16.8B

Dropbox is a file hosting service that offers cloud storage, file synchronization, personal cloud, and client software.

Dropbox was founded in 2007 by MIT students Drew Houston and Arash Ferdowsi as a startup company, with initial funding of $15K, eventually raising $1.2M in seed funding from Sequoia Capital.

How Dropbox looked like in the early days

Dropbox's website in February 2007
Dropbox’s website in February 2007
Dropbox's website in February 2009
Dropbox’s website in February 2009
Dropbox's website in July 2009
Dropbox’s website in July 2009

Dropbox Further Investment From Initial Pitch Deck

Mar 30, 2017Debt Financing – Dropbox$600MJP Morgan Chase
May 1, 2015Secondary Market – Dropbox
Apr 6, 2014Debt Financing – Dropbox$500MJPMorgan Partners (JPMP)
Jan 24, 2014Series C – Dropbox$350MBlackRock
Oct 18, 2011Series B – Dropbox$250MIndex Ventures
Nov 24, 2008Series A – Dropbox$6MSequoia Capital
Sep 4, 2007Seed Round – Dropbox$1.2M
Jun 1, 2007Seed Round – Dropbox
Jun 1, 2007Seed Round – Dropbox$15K

Dropbox acquisitions

Jan 28, 2019$230MHelloSign acquired by Dropbox
Nov 30, 2017Undisclosed amountVerst acquired by Dropbox
Jul 22, 2015Undisclosed amountClementine acquired by Dropbox
May 13, 2015Undisclosed amountUmano acquired by Dropbox
Jan 26, 2015Undisclosed amountPixelapse acquired by Dropbox
Jan 21, 2015$100MCloudOn acquired by Dropbox
Jul 1, 2014Undisclosed amountPredictive Edge acquired by Dropbox
Jun 16, 2014Undisclosed amountParastructure acquired by Dropbox
Jun 10, 2014Undisclosed amountMobileSpan acquired by Dropbox
Jun 5, 2014Undisclosed amountDroptalk acquired by Dropbox
May 21, 2014Undisclosed amountBubbli acquired by Dropbox
Apr 17, 2014Undisclosed amountLoom acquired by Dropbox
Apr 17, 2014Undisclosed amountHackPad acquired by Dropbox
Mar 28, 2014Undisclosed amountReadmill acquired by Dropbox
Mar 17, 2014Undisclosed amountZulip acquired by Dropbox
Nov 17, 2013Undisclosed amountPiCloud acquired by Dropbox
Nov 5, 2013Undisclosed amountSold acquired by Dropbox
Sep 2013Undisclosed amountFoundry Hiring acquired by Dropbox
Jul 20, 2013Undisclosed amountEndorse acquired by Dropbox
Jul 17, 2013Undisclosed amountTapEngage acquired by Dropbox
Mar 15, 2013Undisclosed amountMailbox acquired by Dropbox
Dec 19, 2012Undisclosed amountSnapjoy acquired by Dropbox
Dec 12, 2012Undisclosed amountAudiogalaxy acquired by Dropbox
Sep 28, 2012Undisclosed amountAnchovi Labs acquired by Dropbox
Feb 27, 2012Undisclosed amountCove acquired by Dropbox

Source: Crunchbase

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