General Atlantic Leads $125M Financing For Cloud Startup

Law360, New York (July 31, 2012, 5:46 PM EDT) -- Private equity firm General Atlantic LLC has led a consortium of investors in putting up $125 million to help Box, a young cloud-based storage company, expand globally and continue bolstering its technological foundations, the companies announced Tuesday.

General Atlantic led the investment deal, putting up $100 million of its own capital in its first-ever investment into the tech company. The rest was backed by existing Box venture capital investors Bessemer Venture Partners, DFJ Growth, New Enterprise Associates, SAP Ventures and Scale Venture Partners, as well as...
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