Fridays are typically a slow day for the deals channel. However, Dropbox sneaked up on us with a massive $250 million funding round at a massive valuation close to $10 billion. We’re expecting a public offering from the fast-growing cloud company sometime in 2014.
In other news, we saw a few small fundraises for early-stage startups. Here’s the full list of companies that received funding today.
Dropbox closes another $250M, rocketing valuation to $10B
Dropbox has closed a long-anticipated $250 million in new funding, according to a report in the Wall Street Journal. This puts the cloud-storage firm’s valuation close to $10 billion and makes Dropbox one of the highest-valued venture-backed companies out there. Read the full story on VentureBeat.
Crowdlending platform Dealstruck raises $1.2M
Dealstruck, a startup that claims to be the first crowdlending provider to provide multiple financing products, closed a $1.2 million seed-stage investment round. The company helps small businesses find the right loan. Unnamed Southern California-based angels filled the round.
PowerUp Toys surpasses $1M raised for its iPhone-controlled paper airplanes
PowerUp Toys has raised more than $1 million via crowdfunding for its clever toy that attaches a real toy airplane motor to a paper airplane. You can control the airplane with the touchscreen on your iPhone. The small company has more than 18,000 backers in a Kickstarter campaign that still has more than eight days to go. Originally, inventor Shai Goitein wanted to raise just $50,000. Now it is the ninth-most-funded project in the crowdfunding site’s design category history. Read the full story on VentureBeat.
Molecular diagnostics startup QuanDx raises $950K
Biotech startup QuanDx has received $950,000 in funding from undisclosed investors. The company received funds from 10 investors. QuanDx hopes to raise an additional $550,000 through this current offering round. The company also closed a $300,000 investment last March. Read the full story on VentureBeat.
Dropbox's mission is to provide a home for everyone's most important information and bring it to life. We make it easy for hundreds of millions of people to access, share, and collaborate on their files so they can be more productive -... read more »
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