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WSJ: Venture Firms Commit $40M to Fund Companies Building on Box Platform


Two Silicon Valley venture capital firms, Bessemer Venture Partners and Emergence Capital, have committed up to $20 million each to invest in companies that are leveraging technology from cloud-storage company Box Inc.

Both firms previously invested in Box, whose users store and share files in the cloud. Box, which has been trying to create an ecosystem of Box apps, announced new technology Wednesday that makes it easier for developers to create applications that run on Box and can be accessed with either desktop or mobile devices.

Several companies announced integrations with Box, including the iPhone app Tipbit, which lets users save attachments or emails directly in Box, and K2, which lets users build applications that include forms and workflows from within Box.

Read the complete article on the Wall Street Journal.