WSJ's Walt Mossberg Reviews ZumoDrive (S07)

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Dropbox (S07) Raised $6 Million Sequoia-Led Series A In October 2008

Earlier today GigaOm reported that Dropbox raised a new $7.25 million funding round over the summer (a number they derived from a SEC filing but that CEO Drew Houston wouldn’t confirm). We just spoke to Houston, who says that figure is wrong, and it’s off by nearly a year: Dropbox did close a Series A funding round, but it was for $6 million, and it was back in October 2008. And it was led by Sequoia, not Accel (though Accel did participate in the round).

Previously, Dropbox raised a seed round from Sequoia that was $1.2 million in convertible debt (they also raised money through the Y Combinator program).

full article at