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Bono And THe Edge Invest In Dropbox

Staff Writer

More U2 U2 Profile

U2's Bono and The Edge have investing in file-sharing service Dropbox, which has been valued at $4 billion.

The company tweeted yesterday, “@Dropbox is excited to welcome Bono & The Edge as investors. Thanks for the support and look forward to great things!”

They also posted a photo of the U2 band members with Dropbox co-founders Arash Ferdowsi and Drew Houston.

The pair are believed to have taken part in the San Francisco start-up's $250 million funding round last year. The company was valued at $4 billion then.

Bono has been involved with technology investments as a co-founder and managing partner of Elevation Partners, which has invested in companies like Facebook and Forbes. The LA Times report that it's also raising a new $1 billion fund.

This is, however, the first time Bono has had his name directly tied with a technology company as an investor.

Maybe he feels technology is a safer bet than Broadway.

Picture: The picture uploaded to Dropbox's Twitter