Thursday, June 11, 2015

PAX Labs Finds $46.7M For E-Cigarettes

San Francisco-based PAX Labs, which is developing vaporization technology for the e-cigarette market, has raised $46.7M in a Series C funding round. The funding came from Fidelity Management & Research, Sivia Capital, Tao Capital Partners, Sand Hill Angels, along with individual investors like Chuck Pieper and Brian Finn. The company, which got its start out of the Stanford Design Masters program, sells loose-leaf tobacco vaporizers, which are an alternative to the form of nicotine used in current e-cigarettes. PAX Labs was formerly known as Ploom. More information »