US-based enterprise cloud computing company Salesforce.com has made an investment in content sharing platform US-based Box.net, according to financial news website Dow Jones VentureWire. The precise amount invested was not disclosed but Box.net’s chief executive officer Aaron Levie stated that the funding was part of a round set to be worth more than $50m.
Box.net raised $38m in equity and $10m in debt funding, in February 2011, from a pool of investors including venture capital firms Meritech Capital Partners, Andreessen Horowitz, Emergence Capital Partners, Draper Fisher Jurvetson, Scale Venture Partners and US Venture Partners, taking the firm’s funding to more than $70m, according to filings with the US Securities and Exchanges Commission.
Box.net works as an online content management and data storage available for both business and personal users. The funding coincides with a technical integration between Box and Salesforce’s business-based private network Salesforce Chatter, allowing Chatter users to collaborate using content on Box.net.
Venture capital news source Venturebeat reported last month that Box turned down an acquisition offer worth $500m from an unnamed entity, with a view to going public sometime in the near future.