Pax Labs:E-cigarette, Announces $46.7M in Funding

Pax Labs, the San Francisco maker of an e-cigarette, announced $46.7M in new funding Wednesday.

Pax Labs, the folks responsible for the Pax botanical vaporizer, have today announced a massive round of funding. The company is receiving $46.7 million in Series C financing led by existing investors, including Tao Capital and Sand Hill Angels, with participation from Fidelity Management & Research Company, Sivia Capital, and many more.

The company plans to use the funding to expand internationally — right now Pax only sells products in the United States and Canada — and to deliver even more products in more verticals and categories.

Just last week, Pax Labs unveiled the Juul tobacco-based vaporizer, meant to deliver a far more satisfactory experience than the e-cig products you find on the market today.PAX a $46M E- Cigarette5

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