Confirmed: Pax Labs raises $420 million at a valuation of $1.7 billion

Pax Labs, the popular vape maker, has today confirmed the close of a $420 million equity round, including from existing investors Tiger Global Management and Tao Capital Partners, and new investors including Prescott General Partners. A Pax Labs spokesperson confirmed to TechCrunch that the post-money valuation for Pax Labs is $1.7 billion. The Information first […]

Lee Fixel is leaving Tiger Global

Lee Fixel, the low-flying head of Tiger Global’s private equity business, is leaving at the end of June, the firm announced today in a letter sent to clients and seen by Reuters. Scott Shleifer and Chase Coleman will continue as co-managers of the portfolios Fixel has overseen, with Shleifer taking over as its head, according […]

Tiger Global just invested $18 million in Olo, a low-flying ordering platform for more than 50,000 fast-casual restaurants

Few outside of the food service industry know about Olo a 13.5-year-old, New York-based mobile and online ordering platform for 250 restaurant chains, from Applebee’s to Cheesecake Factory, Chipotle to Denny’s, and Jamba Juice to Chili’s. Tiger Global has been tracking the company’s growth, however. In fact, in a new secondary transaction, Tiger just snapped […]

Metrc, whose tracing system helps regulators track cannabis from seed to sale, just raised $50 million, including from Tiger Global

A growing number of states has legalized retail marijuana sales, but ensuring that everything works as advertised is no easy task. Among the many things that regulators have to concern themselves with are granting licenses to dispensaries, retail sales, delivery, distribution, and ensuring marijuana has been tested for pesticides and other materials before it hits […]