The cannabis industry has lit up in the last year, including weed delivery startup Eaze, which just raised $27 million in Series B financing and claims a 300 percent year-over-year increase in gross sales.
Tag Archives: Series B
SAN FRANCISCO, Sept. 14, 2017 /Weed Wire/ — Eaze, the leading cannabis technology company, announced today an additional $27 million in Series B financing, led by Bailey Capital with participation from DCM Ventures, Kaya Ventures and FJ Labs.
DOVER, Del., June 21, 2017 /Weed Wire/ – Metatron (OTC PINK: MRNJ), an emerging pioneer of releasing Marijuana & CBD related apps on iTunes and Google Play, is pleased to announce it has added an online storefront.
On May 23, 2017, Hound Labs Inc., a marijuana breathalyzer company in Oakland, announced that it has closed its Series B round of financing with $8.1 million from Benchmark, a California-based venture capital firm that has made successful early-stage investments in companies like Uber and Snapchat, among others.
OAKLAND, Calif., May 23, 2017 /Weed Wire/ — Hound Labs, Inc., creators of the patent-pending Hound® marijuana breathalyzer, announced today that Benchmark invested $8.1 million in the company.
Since seeing all the buzz and craze these companies are causing in the marketplace, we’ve been hot on the trail of companies tied to the cannabis sector. The budding marijuana industry has spawned several high flying stocks lately, like Mentor Capital Inc.
On Oct. 25, 2016, Eaze, a medical marijuana delivery service in California, announced that it had completed a $13 million Series B round of financing, bringing the company’s fundraising total to $25 million.
SAN FRANCISCO, Oct. 24, 2016 /Weed Wire/ — Eaze, the leading on-demand medical marijuana technology company, today announced the completion of a $13 million Series B financing round making Eaze the fastest growing and most funded cannabis technology company in the world.
With a $25,000 investment minimum, a total of 13 purchasers helped MJ Freeway close its $8 million round of Series B financing. On Dec. 21, the company officially announced the raise, identifying Roger McNamee and Tao Capital Partners as investors.
DENVER, Dec. 21, 2015 /Weed Wire/ — MJ Freeway, the leader in software solutions and services for legal cannabis businesses, today announced $8 million in Series B financing. Investors in the round include Roger McNamee and Tao Capital Partners.
Private equity (PE) firms in the United States are primarily known for making financial investments in private companies that need a long holding period for funds. This is often done for new technologies, making acquisitions or to expand a balance sheet.