Dropbox
Summary ipo Updated Mar 19, 2026This profile is AI-generated. If you spot an error, please help us fix it by sharing a URL to the correct information.
Investors
Founders
About
Dropbox is a cloud storage and file-sharing platform founded in 2007 by MIT students Drew Houston and Arash Ferdowsi 12. The company participated in Y Combinator’s Summer 2007 batch, receiving an initial $15,000 investment for 7% equity 23. Sequoia Capital provided $1.2 million in convertible debt shortly after 3. Dropbox went public on the Nasdaq on March 23, 2018 1. Sequoia Capital owned approximately 25% of the company before the IPO, yielding a return of $2-3 billion on its early investments 3.
Funding History
| Round | Date | Amount | Lead Investor(s) | Key Co-Investors | Valuation |
|---|---|---|---|---|---|
| Seed | Aug 2007 | $15K | Y Combinator | — | — |
| Seed Extension | Sep 2007 | $1.2M | Sequoia Capital | — | — |
| Series A | Oct 2008 | $6M | Sequoia Capital | Accel Partners | $25M |
| Series B | Oct 2011 | $250M | Index Ventures | — | $4B |
| Series C | Jan 2014 | $350M | BlackRock | Fidelity, Salesforce | $10B |
| IPO | Mar 2018 | — | — | NASDAQ: DBX | ~$7.8B |
What Investors Say
No independently sourced investor testimonials found.
What Founders Say
No independently sourced founder testimonials found.
Sources
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Dropbox, Wikipedia, accessed March 2026. https://en.wikipedia.org/wiki/Dropbox↩↩↩
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Medium, “Dropbox — The Idea, Viral Video Breakthrough, Y-Combinator,” accessed March 2026. https://medium.com/the-entrepreneurs-manifesto/dropbox-the-idea-viral-video-breakthrough-y-combinator-3016ca1ca52b↩↩↩
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Equities.com, “How Sequoia’s $2 Billion Dropbox Win Became as Big as It Is,” accessed March 2026. https://www.equities.com/impact-investing/how-sequoia-s-2-billion-dropbox-win-became-as-big-as-it-is/↩↩↩↩
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Clay, “How Much Did Dropbox Raise? Funding & Key Investors,” accessed March 2026. https://www.clay.com/dossier/dropbox-funding↩
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PitchBook, “A brief history of Dropbox, from founding to imminent IPO,” accessed March 2026. https://pitchbook.com/news/articles/a-brief-history-of-dropbox-datagraphic↩