Existing backer Salesforce Ventures has agreed to invest a further $100m in the cloud collaboration platform through a private placement.
Enterprise software producer Salesforce has agreed to invest $100m in US-based file sharing service Dropbox alongside an initial public offering that would raise $648m at the top of its range.
Dropbox set the terms for the offering yesterday and plans to issue 36 million shares priced between $16 and $18. It would value the company at up to $7.05bn, a drop from the $10bn valuation it commanded when it last raised funding in 2014.
Founded in 2007, Dropbox has…
