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Thread: NJOY scores $75 Mlilion and 2 Huge Movers and Shakers !

  1. #1
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    NJOY scores $75 Mlilion and 2 Huge Movers and Shakers !

    E-Cigarette Maker NJOY Receives $75 Mln | peHUBpeHUB

    "Electronic cigarette brand NJOY, whose ‘NJOY King’ is the most popular e-cigarette in America, has raised $75 million in funding, NJOY CEO Craig Weiss announced today. Investors include serial entrepreneur and investor Sean Parker; and Douglas Teitelbaum, Principal of Homewood Capital. Mr. Teitelbaum will join NJOY’s Board of Directors.
    Funding will be used for marketing, clinical trials, research and development, and international expansion."

    the two new major investors

    "About Sean Parker
    Sean Parker is an entrepreneur with a record of launching genre-defining companies that reinvent ways to spread information online. In 1999, at the age of 19, Sean co-founded Napster and changed how people think about and share music. Two years later, Sean co-founded Plaxo, pioneering viral engineering technology for updating contact information. Sean served as Plaxo’s president until 2004, when he joined with Mark Zuckerberg to develop the online social network Facebook. Sean was Facebook’s founding president, helping transform that small start-up into an industry giant. In 2007, Sean co-founded Causes, which promotes on-line philanthropy. In 2010, Sean led the first US investment in Spotify, the revolutionary cloud music service, where he continues to serve as a Director."

    "About Homewood Capital
    Homewood Capital is a New York based merchant bank founded by Douglas Teitelbaum, former managing principal of Bay Harbour Management, LC. With a proven track record of involved ownership partnering with the finest management teams, Homewood’s principal has created value across a wide array of industries, examples include the early identification of the change in value of wireless spectrum with the move to mobile data, to the founding capital behind NextG Networks, the growth of Barneys New York, Telcove, Inc., the Planet Hollywood Casino in Las Vegas, and Total Outdoor. Homewood strives to help their portfolio companies operate to the highest standards."
    margyb, Rynxa and AlbinoNeutrino like this.
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  2. #2
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    Now they have money they can start buying senate and Congregational votes! Hooray!
    chilli, margyb, Fatman and 3 others like this.
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