DocSend / FormSwift

After spending about $165M on DocSend (2021) and $95M on FormSwift (2022), Dropbox discontinued DocSend's Send & Track analytics in March 2025 and began winding down FormSwift in 2025 — abandoning roughly $260M of acquisitions while citing the wind-down as a drag on its own paying-user numbers.

Dropbox spent $165 million on DocSend in 2021 and $95 million on FormSwift in 2022, promising to weave them into an 'end-to-end agreement workflow' — continuing its pattern of acquiring standalone tools whose long-term integration and survival under Dropbox is uncertain.