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Box.net just got Richer by $1.5 million
Wednesday, August 23, 2006
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In Category:  Web2.0 News  
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It’s like realizing that your pet duck just laid a golden egg. A similar kind or euphoria is what box.net underwent when the humble start-up, started growing faster than it expected, realizing that it now could bring on venture funding.

The Berkeley California based file storage service Box.net gloats that so many people have tuned into its service that it can now seek investment to further its business. Mark Cuban owner of Dallas Mavericks had invested $400,000 in Box.net, previously. And now Box.net founder Aaron Levie has teamed up with venture capitalist firm Draper Fisher Jurvetson to make box.net $1.5 million bucks richer after the A-round of funding.

Box.net recorded over 150,000 new registrations. And the Box.net integration with Netvibes and Goowy might have played a key role in achieving these numbers.

Box.net is a virtual storage application that can be used to store your files. Box.net can move files among multiple computers, backup important data, and share documents with friends and colleagues.

The venture capitalist firm for Box.net, Draper Fisher Jurvetson, which has a global presence through a network of affiliated funds and offices in more than 30 cities around the world. Draper Fisher Jurvetson handles approximately $3.5 billion in capital commitments through its collective clientele the world over.

There is a lot of competition at the position where Box.net is currently at, not to mention the potential competition too. But with the kind of money they have already gathered in it goes without saying that Box.net is in safe hands and in a good place.



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