Moti has received funding from SIG Asia to close its series A round following a $31m first tranche in July.
US-based electronic cigarette producer Moti has closed its series A round at $50m having secured additional funds from SIG Asia, an investment vehicle for quantitative trading firm Susquehanna International Group, PEdata has reported.
Venture capital firm MSA Capital had led the $31m first tranche of the round in July this year, following $10m in pre-series A funding from VC firm ZhenFund in January 2019 according to China Money Network.
Moti produces e-cigarettes that utilise ceramic heating technology, with pods available…
