Monday, March 3, 2014

NJOY Gets $70M

Scottsdale, Arizona-based electronics cigarette maker NJOY announced this morning that it has raised over $70M in a funding round, which was led by Brookside Capital. The company said other investors in the funding also included Morgan Stanley Investment Management, GAM Technology Strategy, as well as other institutional investors. The company said the funds will go towards marketing, international expansion, and research and development. More information »