Largest US e-cigarette maker JUUL raises $1.2 billion
California-based startup JUUL Labs is reportedly raising $1.2 billion in a financing round that would value the company over $15 billion. JUUL plans to use the cash influx to expand internationally as its vape pen is available only in US and Israel. Launched in 2015, JUUL holds 68% of the US e-cigarette market and boasts of shareholders like Tiger Global.