US-based investment bank Goldman Sachs has co-arranged a private placement of at least $325m to one of its venture portfolio companies, Dropbox, a US-based cloud internet company.
Alongside media-focused merchant bank Allen & Company, Goldman Sachs placed $325m of stock, according to a regulatory filing, although news provider said a source said the company had raised at least $350m.
In October 2011, Goldman Sachs was one of the backers of Dropbox, which raised $250m in its series C round.
Accountants PricewaterhouseCoopers, which provdes the quarterly venture capital Moneytree report alongside the local trade body National Venture Capital Association using data from Thomson Reuters, said Sequoia Capital was the investor in the round this year.
Bryan Schreier, a partner at Sequoia, is the only other director at Dropbox, alongside co-founders Drew Houston and Arash Ferdowsi.
Newsprovider Techcrunch said mutual fund managers BlackRock and T Rowe Price and investment bank Morgan Stanley had been part of Dropbox’s latest round, which has been rumoured to be preparing to float on a stock exchange.