Jawbone secures $70 million in growth funding from J.P. Morgan

 

Jawbone, a leading innovator of products and services for
the mobile lifestyle, today announced it has secured $70 million in funding
from investors advised by J.P. Morgan Asset Management.

 

Jawbone is a venture capital-backed consumer electronics
companies in the world, and this round brings total investment in Jawbone close
to $170 million to date. The funding will allow Jawbone to continue its rapid
growth and expand into new markets and categories, building on its successful
portfolio of premium mobile
products and services.  

 

“We seek to invest in the best high-growth
companies,” said Larry Unrein, managing director of J.P. Morgan Asset Management.

 

“Given the widespread adoption of smartphones
globally, we are seeing a massive shift in user expectations around having a
complete, high-quality and seamless experience wherever they are. Jawbone, with
its long-standing expertise in mobile user experience, has been delighting
customers by enabling them to get the most out of their smartphones through a
combination of cutting-edge technology and great design,” Unrein
added. 

 

“Funding from J.P. Morgan Asset Management is
fantastic for us as we continue to rapidly expand our business,” said
Hosain Rahman, CEO of Jawbone.

 

“As people’s digital lives become increasingly
centered around mobile devices, we see no shortage of opportunities for our
technology and products to unlock the potential of a full mobile experience.
The support of J.P. Morgan Asset Management will help us be even more
aggressive in our pursuit of these opportunities,” Rahman added.

 

Jawbone’s innovation
has resulted in unprecedented demand for its products and services on a global
scale. The company is known for leading and disrupting categories with
its breakthrough software, strong commitment to design, and award-winning
products.  

 

Jawbone first made its mark in the industry by creating
an entirely new class of intelligent Bluetooth headsets, and has successfully
expanded its portfolio of products for the past decade.  The JAMBOX Smart
Speaker is one of the best-selling speakers globally, and the recently-launched
Jawbone ERA headset is the first to include HD audio and motion sensors.

 

 

By TelecomLead.com Team
[email protected]