Box.net Lands VC Funding from Draper Fisher Jurvetson

Online-storage startup Box.net announced today that it has raised $1.5 million in a Series A investment from venture capital firm Draper Fisher Jurvetson (DFJ).

Coincident with its funding announcement, Box.net reported that it has reached a milestone of 500,000 registered users.

In addition to providing simple online storage, Box.net allows users to upload, access, share, and collaborate on their files within third-party applications and devices. Box.net users can access their personal files from sites and services such as Netvibes, Goowy, Pageflakes, Google Homepage, and Live.com, and a showcase of those integrations and others is scheduled for November.

The online-storage market is exceedingly crowded, and Box.net doubtless is counting on the financing and the business connections from DFJ to help it establish an edge against rivals such as Xdrive, Strongspace, Omnidrive, Streamload, and Google’s GDrive.

Marshall Kirkpatrick of TechCrunch reports that the funding initially was disclosed in an August SEC filing. With the funding, Kirkpatrick believes, Box.net has a good chance of surviving the inevitable online-storage shakeout.

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