Pax Labs' e-cigarette spinoff plans to raise $150m and has already secured approximately $112m from unnamed investors.

Juul Labs, a US-based e-cigarette manufacturer spun out of e-cigarette producer Pax Labs earlier this year, has raised approximately $112m of a planned $150m round, according to a regulatory filing.

The funding raised so far comes from 23 investors, according to the filing. A company spokesman confirmed the filing to CNBC but did not provide further details.

Juul makes e-cigarettes as an alternative to traditional combustible cigarettes. The company has the largest share of the US e-cigarette market with 32.9%,…