Box

Provides secure cloud content management and collaboration platform

Launch date

2005

Employees

Ownership

Market cap

Net debt

($2.2b)

Firm valuation

€3.4b (Public information from Aug 2022)

Redwood City California (HQ)

Revenues, earnings & profits over time

USD	2016	2017	2018	2019	2020	2021	2022E
Revenues	-	399m	506m	608m	696m	771m	870m
% growth	-	-	27 %	20 %	14 %	11 %	13 %
EBITDA	-	(30m)	(15m)	31m	68m	194m	247m
% EBITDA margin	-	(8 %)	(3 %)	5 %	10 %	25 %	28 %
Profit	-	(152m)	(155m)	(135m)	(144m)	(43m)	(50m)
% profit margin	-	(38 %)	(31 %)	(22 %)	(21 %)	(6 %)	(6 %)
EV / revenue	-	5.3x	5.7x	4.8x	3.2x	3.2x	4.0x
EV / EBITDA	-	-69.4x	-183.0x	92.2x	32.5x	12.6x	14.3x
R&D budget	121m	125m	157m	196m	-	-	-
R&D % of revenue	-	31 %	31 %	32 %	-	-	-

Source: Company fillings or news article

Date	Investors	Amount	Round
-	Salesforce Ventures DFJ Growth U.S. Venture Partners Open Field Capital techUK Section Partners Sway Ventures Microventures	N/A	- Not yet verified
Sep 2005	N/A	$350k	Seed
Oct 2006	Sapphire Ventures	$1.5m	Series A
Jan 2008	N/A	$6m	Series B
Apr 2009	N/A	$5.1m	Early VC
Oct 2009	N/A	$7.1m	Early VC
Apr 2010	Scale Venture Partners	$15m	Series C
Feb 2011	Molten Ventures (Formerly Draper Esprit) Andreessen Horowitz Scale Venture Partners Threshold Ventures Meritech Capital Partners	$48m	Series D
Oct 2011	Bessemer Venture Partners Andreessen Horowitz Scale Venture Partners Threshold Ventures New Enterprise Associates Meritech Capital Partners Salesforce	$81m Valuation: $600m	Series D
Jul 2012	Bessemer Venture Partners General Atlantic Sapphire Ventures Scale Venture Partners New Enterprise Associates	$125m	Series E
Jan 2013	General Atlantic Scale Venture Partners	$25m	Series E
Apr 2013	Tech Nation	N/A	Support Program
Dec 2013	Molten Ventures (Formerly Draper Esprit) Telefonica Digital Coatue Management Telefónica Innovation Ventures	$100m Valuation: $1.9b	Series F
Jul 2014	TPG Capital Coatue Management	$150m	Series G
Jan 2015	N/A	$175m Valuation: $1.7b	IPO
Apr 2021	KKR	$500m	Post IPO Equity
Total Funding		€513m