Dropbox, Inc. logo

Dropbox is the simple, powerful file storage service that provides a solution for users and businesses to collaborate, access and share files from any device at any time.

https://www.dropbox.com/
MIN. INVESTMENT

$20,600 US

MARKET

Cloud Hosting/Storage

INVESTED TO DATE

$1.1B

VALUATION

$10.38B

Dropbox, Inc. - OFFERING | Company Snapshot

Image result for dropbox logo

 

Own Dropbox, one of the fastest growing cloud services in the world with over 500 million users and 10 million added monthly.1

 

As services and products continue their relentless “march to the cloud,” Dropbox is strongly positioned to both capture and accelerate this move, from individual consumers to entire enterprises. Dropbox is a powerful platform that is disrupting the file storage space by providing a solution for users and businesses to easily share, edit, store, and access files, and to collaborate from any device at any time. In addition, the freemium model has proven to be extraordinarily powerful in driving user growth—and ultimately provides Dropbox a massive barrier to entry.

 

Website: dropbox.com
Industry: Cloud Hosting/File-Storage
Founded: 2007
Funding Rounds to Date: $1.1B2


Company Description

Dropbox's mission is to provide a home for everyone's most important information and bring it to life. Dropbox is the simple, powerful home for your photos, videos, documents and other important files. Your documents are safe, accessible and easily shared - no matter where you are or what device you are using. Any file you save to your Dropbox is automatically saved to all your computers, phones or tablets, and the Dropbox website. Plus, Dropbox secures your files with AES-256 bit encryption and two-step verification.

 

Massive Growth of Cloud Service and Storage Market

  • Cloud computing is the biggest disruptive force in the tech market in 15 years - with adoption accelerating3 
  • Global public cloud services market is a megatrend4, expected to grow at an overall compound annual growth rate (CAGR) of 22% between 2015 and 2020, reaching $236 billion, which is 23% higher than the previous forecast5

Dropbox is one of the Fastest Growing Public Cloud Services in the World

  • Users grew from 100M in 2012 to over 500M in 20166
  • Business users have grown from 50K in 2014 to over 200k in 20167
  • 10M users join the platform every month8
  • Used by over 8M businesses and 97% of Fortune 500 companies9

Strong Financials

  • Announced in June 2016 that it had become cashflow positive, marking a clear path to profitability10
  • Revenue has increased from $400M in 2014 to over $750M in 201511

Notable Investors

  • Over $610M raised to date12 with an additional line of credit of $500M secured by J.P. Morgan13
  • Key investors include Salesforce Ventures, Goldman Sachs, Sequoia Capital Capital, Fidelity, T. Rowe Price, Accel Partners, Index Ventures Partners, Benchmark, Greylock Partners, and Blackrock Private Equity Partners14 15

Evidence of a Near-term IPO in late 2017

  • Bloomberg, Fortune and Business Insider have named Dropbox a leading candidate for a tech IPO in 201716
  • Bloomberg reported that the company’s executives have met with advisers to discuss a possible 2017 IPO17

 

Sources:

  1. https://www.technologyreview.com/s/603204/dropbox-could-have-one-of-2017s-most-interesting-ipos/
  2. https://www.crunchbase.com/organization/dropbox/funding-rounds
  3. https://www.forrester.com/report/The+Public+Cloud+Services+Market+Will+Grow+Rapidly+To+236+Billion+In+2020/-/E-RES132004
  4. http://www.moneyshow.com/articles/tptp072513-45517/top-stock-2017--gigamon/
  5. https://www.forrester.com/report/The+Public+Cloud+Services+Market+Will+Grow+Rapidly+To+236+Billion+In+2020/-/E-RES132004
  6. https://www.technologyreview.com/s/603204/dropbox-could-have-one-of-2017s-most-interesting-ipos/
  7. https://www.technologyreview.com/s/603204/dropbox-could-have-one-of-2017s-most-interesting-ipos/
  8. https://www.technologyreview.com/s/603204/dropbox-could-have-one-of-2017s-most-interesting-ipos/
  9. http://expandedramblings.com/index.php/dropbox-statistics/
  10. http://www.businessinsider.com/dropbox-is-free-cash-flow-positive-2016-6 & https://www.ft.com/content/c8bcedd6-c83c-11e6-8f29-9445cac8966f
  11. https://www.technologyreview.com/s/603204/dropbox-could-have-one-of-2017s-most-interesting-ipos/
  12. https://www.crunchbase.com/organization/dropbox
  13. http://www.recode.net/2014/4/6/11625316/dropbox-secures-more-than-500m-in-credit
  14. https://www.crunchbase.com/organization/dropbox
  15. https://www.technologyreview.com/s/603204/dropbox-could-have-one-of-2017s-most-interesting-ipos/
  16. http://fortune.com/2016/08/15/dropbox-ipo, http://www.businessinsider.com/dropbox-met-advisors-to-discuss-possible-2017-ipo-2016-8
  17. https://www.bloomberg.com/news/articles/2016-08-15/dropbox-said-to-discuss-possible-2017-ipo-in-talks-with-advisers

Share With Friend

Share with a friend