After Auction, Dropbox Close To Choosing Investors ? Round Could Put Valuation At $10 Billion

We've known for weeks now that Dropbox has been talking to investors about a new mega round of funding. The company, which has only raised $7.2 million in a seed and Series A round in 2007, has been seeking something between $200 million and $300 million, we've heard. But now we know a bit more. And we've heard something from one source that is nothing short of shocking. Dropbox held an auction last week during which investors made their bids to participate in the new round, multiple sources tell us. This week, Dropbox met with the VCs that made bids, and have been collecting term sheets. All they have to do now is decide.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/I9f2UURdfPQ/

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