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Kkr Invests $500 Million In Cloud Storage Firm Box, Gets Board Seat

Apr 09, 2021•over 4 years ago

Amount Raised

$500 Million

Redwood City

Description

Box said on Thursday private equity giant KKR would lead a $500 million investment in the company and get a board seat, marking an end to the cloud services provider's strategic review.

Company Information

Company

Box

Location

Redwood City, California, United States

About

Box (NYSE:BOX) is a leading cloud content management platform that enables organizations to accelerate business processes, power workplace collaboration, and protect their most valuable information, all while working with a best-of-breed enterprise IT stack. Founded in 2005, Box simplifies work for leading organizations globally, including AstraZeneca, JLL, and Morgan Stanley. Box is headquartered in Redwood City, CA, with offices in the United States, Europe, and Asia. To learn more about Box, visit http://www.box.com. To learn more about how Box powers nonprofits to fulfill their missions, visit Box.org.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech