Friday, December 21st, 2018

Juul Announces a New Minority Investment
Press Release

The e-cigarette company announced that it has received a minority investment of $12.8 billion from Altria, one of the world’s largest tobacco companies.

The investment represents a 35% ownership in Juul.

As part of the deal, “Altria will apply its logistics and distribution experience to help JUUL expand its reach and efficiency.”

Boosted Announces a New Round of Funding
Press Release

The electric skateboard company announced that it has raised $60 million in Series B funding. The round was co-led by Khosla Ventures and iNovia Capital.

The company will use the new funds to expand globally and launch new products.

According to TechCrunch, Boosted has raised more than $70 million to date.

Earnin Closes a $125 Million Round of Equity Financing
Company Blog Post
Press Release

The wage payments company announced that it has closed the round from investors including DST Global, Andreessen Horowitz, and Spark Capital.

The new funds will be used to expand the team, develop new partnerships, and invest in marketing.

According to a press release, Earnin “allows people to access their pay the minute they leave work, with no fees, interest, or hidden costs”. It has built a community of “more than 50,000 employers across all 50 states, logging a combined 15 million hours of work a week.”