3. PAX Labs $420M
Description: San Francisco-based PAX Labs designs, develops, and sells premium cannabis vaporization technologies and devices. Founded by Adam Bowen and James Monsees in 2017, PAX Labs has now raised a total of $541.7M in reported equity funding and is backed by investors that include Evolution VC Partners (formerly Evolution Corporate Advisors), Fidelity, Sand Hill Angels, Tao Capital Partners, and Tiger Global Management.
Industry: Cannabis, Consumer Electronics
Founders: Adam Bowen, James Monsees
Founding year: 2017
Location: San Francisco, California
Total equity funding raised: $541.7M
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