Jawbone, maker of the popular Jambox speakers, Bluetooth headsets and UP fitness bracelets, has raised more than $100 million to meet strong consumer demand, according to a report.
Fortune reports that the company raised $93 million in debt financing plus $20 million in equity funding. The former, which includes $43 million from Silver Lake and Fortress Investment Group, was done via a specialized security created by J.P. Morgan Chase & Co. The other $50 million is an asset-based loan provided by J.P. Morgan and Wells Fargo. The company pursued debt financing instead of equity funding for the amount because it could be executed quicker, according to the report.
Representatives from Jawbone could not be reached for comment.
The $93 million comes after Jawbone also raised $20 million in new equity funding from Andreesen Horowitz, Sequoia Capital, Kleiner Perkins and Khlosa Ventures, according to the report.
Jawbone’s last funding announcement was for a $40 million round from Deutsche Telekom, Kleiner Perkins and private investor Yuri Milner in 2011.