Jawbone Raises $70M from J.P. Morgan Asset Management

Jawbone, a San francisco, CA-based consumer electronics company that develops premium mobile products and services, has raised $70m in funding from investors advised by J.P. Morgan Asset Management.

It follows a $49m investment raised from Andressen Horovitz in March 2011 (read the news).

The company intends to use the funding to continue to expand into new markets and categories. Founded in 1999 and led by CEO Hosain Rahman, Jawbone currently sells its products in 20 countries.

With a strong commitment to technology (NoiseAssassin®) and design, Jawbone currently provides intelligent headsets, speakers and speakerphones.



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