Storage company Box closes $100M round at $2B valuation

November 21, 2013, 11:46 PM UTC

FORTUNE — Cloud-based storage company Box had finished raising $100 million in new venture capital funding at around a $2 billion valuation, Fortune has learned.

Yesterday an industry research firm called VC Experts uncovered a Delaware regulatory filing that authorized the new stock issuance. A source close to the process says that the deal is “past, not present,” and that Box likely will make an official announcement shortly.

The entire round was “primary,” meaning it will be used for general corporate purposes rather than to cash out early employees or other shareholders.

No word yet on participating investors, except that the round was led by an outsider. Box previously had raised over $300 million from firms like DFJ, U.S. Venture Partners, Bessemer Venture Partners, Andreessen Horowitz, General Atlantic, Scale Venture Partners, SAP Ventures and The Social+Capital Partnership.

News of Box’s round comes a few days after news broke that consumer-focused storage competitor Dropbox is looking to raise $250M on an $8B valuation.