The cloud storage space is one that IPO watchers are keenly watching in 2014 driven primarily by two high flyers in the space – Dropbox and Box.
Backed by investors including US Venture Partners, Scale Venture Partners and Draper Fisher Jurvetson, Box is finally turning its long-rumored IPO into reality. Still on the sidelines is Dropbox, which last year raised funding at a $10B valuation.
Collectively, the two cloud storage vendors have raised over $990M in aggregate funding to-date. And both while still private have been willing to acquire – or invest – in multiple startups. Sequoia Capital-backed Dropbox has acquired or acqui-hired 20 companies since the start of 2012 including a host of mobile apps, most notable of which was Charles River Ventures-backed Mailbox, acquired for a rumored $100M. Nine of Dropbox’s acquisitions have come since March 2014. Meanwhile, Box has made six acquisitions – as well as two separate minority investments in a diverse range of companies.
Using CB Insights exit and financing data, below is a compilation of Box and Dropbox’s M&A & investment activity.
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Updated as of January 22, 2015
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