DC Marijuana Industry Analytics Startup Closes in on $5M Investment

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DC Marijuana Industry Analytics Startup Closes in on $5M Investment

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Washington, D.C.-based startup New Frontier Data has almost completed a $5 million funding round to expand its work doing data and analytics for the legal marijuana industry. New York and Maryland-based Merida Capital Partners led the round with close to $2 million, while unnamed investors will fill the rest of the round.

“Merida as a group of investors is extremely savvy in the financial markets,” New Frontier founder and CEO Giadha De Carcer told DC Inno in an exclusive interview.

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