Rizvi Traverse to lead $250m Jawbone funding round, values business at $3.3bn


ear_lrgNew York-based private equity firm Rizvi Traverse is reportedly leading a $250m financing round for headset and fitness-tracker business Jawbone which values the company at $3.3bn.

PeHUB reported the news citing a source with knowledge of the matter.

Jawbone last raised $90m of debt and $20m of equity in September 2013, and has pulled in about $370m in total funding ahead of this latest round.

Venture backers already include Andreessen Horowitz; Kleiner Perkins Caufield & Byers; Khosla Ventures; and Sequoia Capital.

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