Juul Labs has raised $325 million in new funding to expand internationally as the company contends with regulatory hurdles in the U.S. by rachsandl
Juul is fighting against a ban on all e-cigarette sales in San Francisco, where the company is based.: Electronic cigarette maker Juul Labs has raised $325 million in new funding to expand internationally as the company contends with regulatory hurdles in the U.S.was a mix of equity and debt and will be used to speed up the company’s international expansion.
The round comes less than a year after Marlboro-owner Altria bought a 35% stake in the company for $12.8 billion in a deal that valued Juul at $38 billion, according to Pitchbook. : Juul has been battling regulators on all fronts as lawmakers look to tamp down on the rise of teen vaping, which anti-tobacco groups say is getting youth who otherwise would never have smoked cigarettes addicted to nicotine.
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