Dropbox Takes On Bono As Investor

Dropbox now has Bono as a new investor, reports Fox Business. Dropbox, a service that lets its users upload and store files free of charge, stated Monday on Twitter that they had officially taken on Bono and bandmate The Edge as major investors.

Dropbox has been having increasing growth and success since its launch 5 years ago, including the recent purchase of data sharing startup Cove. The service closed a $250 million round this past October.

This recent investment by Bono is particularly notable because its the first time the singer has been publicly named as an individual investor in a particular company, though it wouldn’t be the first business venture that both Bono and The Edge have had together. They also have refurbished and own The Clarence Hotel in Dublin, which made a profit in 2010 after 3 years of losses.

Bono was criticized for a series of poor investments attached to Elevation Partners, along with an investment in Broadway’s Spider-Man musical (based off the popular Irish band’s music) also went bad after a series of accidents. Last August his investment in Facebook, a stake he acquired in November 2009, quadrupled to nearly $1 billion.

Dropbox tweeted, along with a few pictures of employees with the two newest investors:

“Thanks for the support and look forward to great things!”

Bono and Edge will join investors that include names like Index Ventures, Sequoia Capital, Accel Partners, Benchmark Capital, Goldman Sachs, Greylock Partners, Institutional Venture Partners, RIT Capital Partners, and Valiant Capital Partners.