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Bono and the Edge Invest in Dropbox

U2 bandmates back file-sharing service

April 3, 2012 8:50 AM ET
The Edge and Bono
The Edge and Bono attend the Toronto International Film Festival.
Sonia Recchia/Getty Images

U2's Bono and the Edge have become investors in the file-hosting service Dropbox, the company announced on Twitter yesterday. A photo posted along with the announcement shows the musicians hanging out with the company's co-founders Drew Houston and Arash Ferdowski and Ali and Hadi Partovi, the founders of iLike and early investors in Dropbox.

Dropbox is a service that provides users with online file storage, but unlike many other similar services such as Mediafire and the recently shuddered Megaupload, it is designed to be a tool of collaboration rather than something that facilitates the sharing of copyrighted works. Bono and the Edge are just two of several high profile investors in the company, along with Goldman Sachs, Greylock Partners, Benchmark Capital, Institutional Venture Partners, RIT Capital Partners and Valiant Capital Partners.

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