Dropbox $5,000,000,000+

The details of the mega round Dropbox is raising haven't been released, but TechCrunch has heard from one source that investors have been chosen.

It also heard that the round is in the $200-300 million range as previously reported, and that its valuation is set at $5 billion or higher.

TechCrunch doesn't know who the lead investor is, but it has heard that the startup didn't go with the highest bidding firm.

Dropbox is a former Y-Combinator company; it is a cloud file storing and sharing service.

For more startups that have recently reached billion-dollar status, check out: The Billion-Dollar Club: 12 Startups With Skyrocketing Valuations >>

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See Also:

• Bill Gurley: The Crash Won't Close The IPO Window
• While The Market Implodes, The Guys At Dropbox Quietly Line Their Pockets With Cold Hard Cash
• The Surprising Origins Of 10 Tech Giants

Source: http://feedproxy.google.com/~r/typepad/alleyinsider/silicon_alley_insider/~3/8lpIMt5lUFU/dropbox-5000000000-2011-8

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