PAX Labs Raises $46.7 Million in Series C Funding
Investment Will Fuel Company’s Growth in Category Redefining Vapor Products
“Vaporization is a highly disruptive technology, and we are focused on applying our innovations across new industries and use cases,” said James Monsees, CEO and co-founder, PAX Labs. “Our integrated science and technology platforms have the potential to rapidly innovate the $1 trillion existing tobacco industry and have broad applications for entire new delivery systems that will amaze consumers and drive growth. We’re excited to implement this growth round and further shape the future of these industries.”
The company will expand its product availability both domestically and internationally, scale its category redefining vapor products led by the newly launched e-cigarette, JUUL, and extend the application of its vapor science technology into new verticals.
Check out the raise coverage from TechCrunch ("Pax Labs Heats Up With $46.7 Million In Series C Funding"), Fortune ("Pax Labs takes on Big Tobacco for e-cig dominance, announces $46.7 million funding round") and Inc ("This Silicon Valley Company Just Raised $47 Million to Smoke the Cigarette Industry.")
If you've ever wanted to join the team, now's a great time! Check out our Careers page.