Pax Labs was founded in 2007 by Adam Bowen and James Monsees. While the company had discussed plans to go public in 2020, it remains private as of 2023.
Pax Labs is an electronic vaporizer company known for their flagship line of Pax vaporizers. The company also developed the Juul e-cigarette, though this has since split into an independently operated company. Pax Labs has raised more than $400 million in venture capital funding from investors including Tiger Global, Tao Capital Partners, Prescott General Partners, and Redmile Group. The company announced a valuation of $1.7 billion in 2019.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
04/22/2019 | Series B | $10.71MM | $xx.xx | $143.89MM | Tiger Global Management, Tao Capital Partners, Prescott General Partners | |
Price per Share
$xx.xx
Shares Outstanding
57,122,068
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
4.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Tiger Global Management, Tao Capital Partners, Prescott General Partners
|
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10/22/2018 | Series A | $5.2MM | $xx.xx | $5B | Tiger Global Management, Tao Capital Partners, Fidelity | |
Price per Share
$xx.xx
Shares Outstanding
27,725,524
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
4.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Tiger Global Management, Tao Capital Partners, Fidelity
|