Juul raises over $750 million in expanded funding round

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Juul raises over $750 million in expanded funding round
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E-cigarette maker Juul Labs Inc, which is facing regulatory scrutiny in the dome...

FILE PHOTO: A sign advertising Juul brand vaping products is seen outside a shop in Manhattan in New York City, New York, U.S., February 6, 2019. REUTERS/Mike Segar

A person familiar with the fundraising said the Friday’s filing was an expansion of the offering from earlier this month, in which the company said it had raised $325 million, and is intended to “bolster the company’s balance sheet as it continues to grow worldwide.”

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