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NJOY Inhales New Venture Capital Investment

Tuesday, June 11, 2013 5:56:00 AM PDT | VentureDeal
   Scottsdale, Arizona  --  Consumer electronics company NJOY has received $75 million in new venture capital financing from individuals.

NJOY is marketing an electronic cigarette that promises to reduce the harmful effects of organic-based cigarette smoking.

Individual investors Sean Parker and Douglas Teitelbaum made the investment commitment.

The company did not say how the funding proceeds would be used.

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