Leena Rao currently works as a writer for TechCrunch. She recently finished graduate school at the Medill School of Journalism at Northwestern University, where she studied business journalism and videography. From 2004 to 2007, she helped lead Congresswoman Carloyn Maloney’s community outreach and relations efforts in New York City. She graduated from Columbia University in 2003, where she was... ? Learn More
A month ago, we revealed that Index Ventures will lead Dropbox’s new, massive funding round, which values the company at $4 billion. Now TechCrunch founder Michael Arrington has revealed in a Tweet that venture firms Greylock and Benchmark Capital are also part of the round. We’ve also heard from sources that IVP is part of the round as well. We’re still unclear how large the round will be.
As Michael reported in August, the company was reportedly valued at one point at $5 billion or more. But the uncertainty in the financial markets and Dropbox’s desire to get specific investors on board resulted in a lower valuation.
We’ve also heard there’s a relatively large investor syndicate, so perhaps more firms will be participating in the round. Dropbox previously raised $7.2 million from Y Combinator, Hadi Partovi, Ali Partovi, Pejman Nozad, Accel Partners, and Sequoia.
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