Box.net Receives $48 Million Investment, Led by Meritech
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Box.net, a provider of online storage and collaboration software, said it raised $48 million in financing to help it hire staff and broaden services aimed at business customers.
Meritech Capital Partners led a $38 million equity investment in Palo Alto, California-based Box, joined by venture capitalists including Emergence Capital Partners and Andreessen Horowitz, the fund operated by Internet pioneer Marc Andreessen. Hercules Technology Growth Capital Inc. has committed $10 million in debt financing.