Box Inc has raised $150 million in funding from private-equity firm TPG and hedge fund Coatue Management as the fast-growing online storage startup advances toward an initial public offering.

While TPG declined to comment, a media release states the firm will place a director on Box’s board. Bloomberg also reports that TPG and Coatue will receive 3.75 million shares of stock each, at ...

Box Inc has raised $150 million in funding from private-equity firm TPG and hedge fund Coatue Management as the fast-growing online storage startup advances toward an initial public offering. In ...