Funding round
Juul Labs Growth
Reported as "Growth Equity"
Juul Labs, which works in e-cigarette product manufacturing in Washington, raised $1.20B in a Growth round announced on 2 Jul 2018, at a $15.00B post-money valuation. 2 firms took part.
$1.20B
Amount raised
$15.00B
Post-money valuation
2
Investors
no lead named
8.0%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Juul Labs at $15.00B after the new money. The $1.20B bought investors about 8.0% of the company. It is Juul Labs' first venture round on record, 11 years after it was founded in 2007. No later venture round is on record for Juul Labs.
Juul Labs' funding rounds
This is the only venture round on record for Juul Labs.
- Growth this round 2 Jul 2018 $1.20B$15.00B post-money
Investors
Who put money in
2 firms took part; no lead investor was named.
Investors
- Tiger Global new investor
- Fidelity new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, sales and marketing, scaling operations and working capital.
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: Growth rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| BITMAIN Device Manufacturing | 30 Jul 2018 | $422M | $14.00B | not named |
| Real Estate - Agents & Managers | 16 Jul 2018 | $250M | not disclosed | La Caisse |
| Trucking and Logistics | 13 Jul 2018 | $250M | not disclosed | InnoVision Capital |
| MediaMath Tech Companies | 10 Jul 2018 | $225M | $1.00B | Searchlight Capital |
| Tech Companies | 31 Jul 2018 | $130M | not disclosed | TPG |
| Tech Companies | 9 Jul 2018 | $80M | not disclosed | not named |
| Tech Companies | 30 Jul 2018 | $75M | not disclosed | Franklin Templeton Investments |
| Solar Energy Company | 16 Jul 2018 | $65M | not disclosed | not named |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Juul Labs raise in its Growth round?
Juul Labs raised $1.20B in its Growth round, announced in Jul 2018.
Which investors took part in Juul Labs' Growth round?
Tiger Global and Fidelity.
What was Juul Labs' valuation at the Growth round?
$15.00B post-money.