What's This?
Image: Jawbone
2014-02-13 17:28:55 UTC
Jawbone, the company behind popular devices like the Up activity tracker and Jambox speakers, may be valued at nearly as much as Spotify, Pinterest or Uber.
Kara Swisher at Re/code reports that Jawbone is raising a $250 million funding round at a $3.3 billion valuation. TechCrunch reports hearing from sources that the funding round actually closed more than a month ago.
Jawbone did not immediately respond to our request for comment.
Jawbone most recently raised around $100 million in debt financing. The latest funding round is reportedly led by Rizvi Traverse, a private equity firm that was a major investor in Twitter and more recently Flipboard.
The device maker is one of a couple dozen companies with a valuation of $1 billion or more that are said to be likely candidates for an IPO.
Have something to add to this story? Share it in the comments.
Topics: activity tracker, Business, jawbone, Startups, wearables
No comments:
Post a Comment