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Top 50 Cannabis Startup Investors (August 2026)

The most active venture capital funds and angel investors investing in Cannabis startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Cannabis startup companies. Find investors to raise a Seed, Series A or Series B round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Casa Verde Capital
VC Fund
27 United States, Germany, United Kingdom Seed, Series A, Series B Cannabis, Software, Health Care $2.5M–$38M
Poseidon Asset Management
VC Fund
26 United States Seed, Series A Cannabis, Software, SaaS $1M–$22M
Phyto Partners
VC Fund
14 United States, Canada, Mexico Seed, Series A, Series C Cannabis, Software, Advertising $1M–$40M
OrganiGram
VC Fund
8 Canada, United States, Germany Convertible Note, Series B, Debt Financing Cannabis, Biotechnology, Medical $1M–$12M
Btomorrow Ventures
VC Fund
8 United States, United Kingdom, India Series A, Seed, Series B Health Care, Wellness, Food and Beverage
Silverleaf Venture Partners
VC Fund
8 United States Seed, Series B, Venture - Series Unknown Cannabis, Software, Information Technology $1M–$31M
Delta Emerald Ventures
VC Fund
7 United States Series A, Series B, Seed Cannabis, Software, Information Technology $1.5M–$31M
Merida Capital Holdings
VC Fund
7 United States, Canada, Italy Series A, Seed Cannabis, Biotechnology, Medical $1M–$58M
Gotham Green Partners
VC Fund
6 United States, Canada Series A, Series B, Post-IPO Equity Cannabis, Retail, E-Commerce $3.5M–$125M
Salveo Capital
VC Fund
5 United States Series A, Series B, Seed Cannabis, Agriculture, Farming $1.5M–$30M
Lerer Hippeau
VC Fund
5 United States, Canada, United Kingdom Seed, Series A, Series B Software, E-Commerce, Mobile $1.3M–$50M
Ralph Gygax
Angel
5 Switzerland Seed, Pre-Seed, Series A Cannabis, Wellness, Cosmetics $119k–$621k
AFI Capital Partners
VC Fund
5 United States, Mexico Series A, Series B, Seed Cannabis, Biotechnology, Alternative Medicine $3.5M–$21M
Subversive Capital
VC Fund
5 United States, Canada, Sweden Seed, Series A, Series B Cannabis, Health Care, Consumer Goods $1M–$75M
Babel Ventures
VC Fund
5 United States Seed, Pre-Seed, Series B Food and Beverage, Cannabis, Health Care $250k–$45M
Evolution VC Partners
VC Fund
5 United States, Canada, India Series A, Seed Software, Food and Beverage, SaaS $1M–$38M
Andrew Stokes
Angel
5 Pre-Seed, Angel, Series A Cannabis $31k–$33k
Werner Hoffmann
Angel
4 Switzerland Seed, Series A Cannabis, Wellness, Cosmetics $225k–$621k
RIV Capital
VC Fund
4 Canada, United States, Italy Seed, Series A Cannabis, AgTech, Food and Beverage $1.5M–$12M
Louis Beryl
Angel
4 United States, United Kingdom, Canada Seed, Series A Software, FinTech, Financial Services $1M–$14M
Tress Capital
VC Fund
4 United States Pre-Seed, Seed, Series A Cannabis, E-Commerce, Retail
Judith Fitzpatrick
Angel
4 United States Seed AgTech, Cannabis, Agriculture $60k–$110k
IA Capital Group
VC Fund
4 United States, Canada, Bermuda Series A, Series C, Series B Financial Services, Insurance, FinTech $4M–$50M
Arcview Group
VC Fund
4 United States Seed, Series A Sales, FinTech, Cannabis $1M–$17M
7thirty Capital
VC Fund
4 United States Seed, Series C Cannabis, Software, AgTech $1.5M–$3.1M
12/12 Ventures
VC Fund
4 United States Seed, Series A Cannabis, SaaS, Retail
JW Asset Management
VC Fund
4 United States, Canada Series A, Series B, Series C Cannabis, Medical, Pharmaceutical $4.6M–$40M
Ensemble
VC Fund
4 United States Seed, Pre-Seed, Convertible Note Cannabis, Software, SaaS
Robert Stavis
Angel
4 United States, Canada, United Kingdom Series C, Series B, Series A Financial Services, FinTech, Finance $3.9M–$126M
Everywhere Ventures
VC Fund
4 United States, Australia, India Pre-Seed, Seed, Series A Software, Health Care, FinTech $500k–$20M
Green Acre Capital
VC Fund
4 Canada, United States Seed, Series A Cannabis, Consumer Goods, Marketing $118k–$3.1M
Entourage Effect Capital
VC Fund
4 United States, New Zealand Series A, Series B, Venture - Series Unknown Cannabis, Biotechnology, Health Care $5M–$30M
Arcview Collective Fund
VC Fund
3 United States Seed, Series A Cannabis, Software, Information Technology $2.7M–$3.1M
Gron Ventures
VC Fund
3 United States Series A, Series B, Series C Cannabis, Health Care, Sales $1.4M–$200M
Christian Angermayer
Angel
3 Germany, United States, United Kingdom Seed, Series A, Series B Financial Services, FinTech, Blockchain $549k–$125M
Base Ventures
VC Fund
3 United States, South Korea, Canada Seed, Series A Software, Mobile, Information Technology $346k–$24M
Maria Frances
Angel
3 United Kingdom, France, Sweden Seed, Series A, Angel Fashion, Marketplace, B2B $2.4M–$30M
Achari Ventures
VC Fund
3 United States Seed, Series B, Series A Cannabis, SaaS, Software $2M–$31M
Paul Buchheit
Angel
3 United States, Canada, India Seed, Series A, Angel Software, Artificial Intelligence, E-Commerce $100k–$14M
Outbound Ventures
VC Fund
3 United States, Mexico, Colombia Seed, Series A E-Commerce, Health Care, Food and Beverage $1M–$160M
Cosmic Venture Partners
VC Fund
3 United States Seed, Series A Health Care, Blockchain, Retail $545k–$55M
Navy Capital
VC Fund
3 United States, Germany Post-IPO Equity, Seed, Series A Cannabis, Retail, Manufacturing $3M–$44M
Act One Ventures
VC Fund
3 United States, Mexico Seed, Series A, Pre-Seed Software, SaaS, Artificial Intelligence $700k–$15M
Montage Ventures
VC Fund
3 United States, Italy, Brazil Seed, Series A Financial Services, Software, Health Care $1000k–$25M
HPA (Hyde Park Angels)
VC Fund
3 United States, Canada Series A, Seed, Series B Software, Information Technology, SaaS $1M–$43M
Right Side Capital Management
VC Fund
3 United States, Canada, United Kingdom Seed, Pre-Seed, Convertible Note Software, SaaS, Health Care $20k–$2M
Sand Hill Angels
VC Fund
3 United States, Canada, El Salvador Seed, Series A, Series B Health Care, Software, Biotechnology $1M–$130M
Jason Calacanis
Angel
3 United States, Australia, Canada Pre-Seed, Seed, Series A Software, Internet, Artificial Intelligence $100k–$16M
HALLEY Venture Partners
VC Fund
3 United States, Mexico Seed, Series B Cannabis, Biotechnology, Medical $1.1M–$19M
Michael Lazerow
Angel
3 United States, Israel, Nigeria Series A, Seed, Series B Software, SaaS, Mobile $1.6M–$45M
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

Casa Verde Capital
VC Fund · Los Angeles, California, United States · 27 investments in Cannabis startups

As both the domestic and international markets continue to evolve and mature, Casa Verde maintains a view that cannabis will be among the most compelling investment themes of our generation.

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Investment focus

  • Industry: Cannabis, Software, Health Care
  • Stage:Seed, Series A, Series B
  • Geography: United States, Germany, United Kingdom

Investor stats

  • Total investments: 45
  • Round size: Seed $2.5M–$14M; Series A $3.5M–$15M; Series B $15M–$38M
  • Lead/follow: 62% lead, 38% follow
  • Last fund: May invest from a new fund soon — raised $100M in 2020

Portfolio highlights

  • Growlink — Growlink offers advanced software and hardware solutions to streamline your grow operations. Automate climate, irrigation, and nutrient delivery while gaining valuable insights to boost yields, reduce waste, and ensure consistent quality. Discover how our tools can transform your cultivation process.
  • Mamedica — MAMEDICA is a private clinic with a pharmacy attached that specializes in prescribing cannabis-based drugs to patients whose current meds have not produced sufficient outcomes for their ailments.
  • Frontier Risk — Frontier Risk is the first tech-enabled insurance brokerage for the cannabis sector, led by former executives from leading cannabis companies.
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Poseidon Asset Management
VC Fund · San Francisco, California, United States · 26 investments in Cannabis startups

Home of the pioneer cannabis hedge fund, focusing solely on marijuana and hemp.

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Investment focus

  • Industry: Cannabis, Software, SaaS
  • Stage:Seed, Series A
  • Geography: United States

Investor stats

  • Total investments: 48
  • Round size: Seed $1M–$2.3M; Series A $3.5M–$22M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: May invest from a new fund soon — raised $1.3M in 2019

Portfolio highlights

  • Distru — Seed-to-Sale Cannabis ERP that helps operators manage their inventory, orders and customers from a single interface, while staying compliant with Metrc.
  • Dogwood Green — Dogwood Green Cannabis Dispensary, your go-to weed dispensary in West Orange, NJ. Visit us at 5 Central Ave or call (862) 704-2820 Open Now
  • BLKBRN Dispensary — 176 Woodbridge Ave Highland Park, NJ
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Phyto Partners
VC Fund · Boca Raton, Florida, United States · 14 investments in Cannabis startups

Phyto Partners is a Venture Capital Fund focused on Neurowellness and Brain Health

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Investment focus

  • Industry: Cannabis, Software, Advertising
  • Stage:Seed, Series A, Series C
  • Geography: United States, Canada, Mexico

Investor stats

  • Total investments: 32
  • Round size: Seed $1M–$3.3M; Series A $2M–$20M; Series C $9.5M–$40M
  • Lead/follow: 9% lead, 91% follow
  • Last fund: May invest from a new fund soon — raised $14M in 2018

Portfolio highlights

  • Muse — Muse is an immersive meditation device that provides real-time feedback on your mental activity, heart rate, breathing, and body movements to help you build a consistent meditation practice.
  • HealingMaps — Healing Maps provides education and information about psychedelic-assisted therapies related to Ketamine and beyond. It features in-depth articles related to medical psychedelics, as well as a directory to find the nearest clinics. Founded in 2020, Healing Maps is based in Miami, Florida, United States.
  • Wonder Sciences — Reengineering Mental Healthcare
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OrganiGram
VC Fund · Moncton, Ontario, Canada · 8 investments in Cannabis startups

OrganiGram is a producer and distributor of medical and recreational cannabis. They are dedicated to consistently providing clients with the highest grade medicine and service. Organigram is focused on producing high-quality, indoor-grown cannabis for patients and adult recreational consumers in Canada, as well as developing international businesspartnerships to extend the Company’s global footprint.

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Investment focus

  • Industry: Cannabis, Biotechnology, Medical
  • Stage:Convertible Note, Series B, Debt Financing
  • Geography: Canada, United States, Germany

Investor stats

  • Total investments: 10
  • Round size: Convertible Note $1M–$12M
  • Lead/follow: 90% lead, 10% follow

Portfolio highlights

  • Sanity Group — Sanity Group is a holistic European Cannabis company focusing on health, wellbeing, and scientific research. To utilize the full potential of its health benefits, Sanity Group is investing in fundamental research of the cannabis plant and its active ingredients as well as in specific areas of application.It was founded in 2018 and headquarteredin Berlin, Germany.
  • Phylos — Revolutionary cannabis seed varieties with outstanding traits that have been bred to grow uniformly like clones.
  • Open Book Extracts — Premium wholesale cannabinoid supplier offering CBD, CBN, CBG, CBC, and THCV isolates. Water-soluble formulations for beverages. Custom formulation services. GMP-certified, research-backed cannabinoids.
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Btomorrow Ventures
VC Fund · London, England, United Kingdom · 8 investments in Cannabis startups, 6 in the past 12 months

Btomorrow Ventures (BTV) is the corporate venturing unit of BAT. BAT is building A Better Tomorrow by reducing the health impact of its business by transforming into a truly consumer-centric multi-category CPG company. We are dedicated to partnering with ambitious and passionate entrepreneurs to realise their vision by providing a platform toenhance innovation and accelerate growth.

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Investment focus

  • Industry: Health Care, Wellness, Food and Beverage
  • Stage:Series A, Seed, Series B
  • Geography: United States, United Kingdom, India

Investor stats

  • Total investments: 44
  • Lead/follow: no public data

Portfolio highlights

  • Tru — Obsessively formulated by fusing flavor with function, each of our tasty innovations perform when you need it most. From the time you wake up until the second your head hits the pillow, we elevate every moment one sip at a time.
  • Awake Chocolate — AWAKE Chocolate combines delicious milk chocolate.
  • PHILTER Labs — Philter Labs presents an innovative smoke filter for E-Cig, Vape Pen, & CBD Pen. Filters smoke from entering shared space while you still enjoy the experience.
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Silverleaf Venture Partners
VC Fund · Stamford, Connecticut, United States · 8 investments in Cannabis startups

An Opportunistic Investment Manager focusing on sectors with outsized returns, limited competition and misunderstood risk. Distressed Real Estate, Legal Cannabis VC, Emerging Technology and Life Sciences Venture Capital

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Investment focus

  • Industry: Cannabis, Software, Information Technology
  • Stage:Seed, Series B, Venture - Series Unknown
  • Geography: United States

Investor stats

  • Total investments: 14
  • Round size: Seed $1M–$3.1M; Series B $19M–$31M; Venture - Series Unknown $1.8M–$1.8M
  • Lead/follow: 21% lead, 79% follow
  • Last fund: May invest from a new fund soon — raised $1.7M in 2020

Portfolio highlights

  • Nabis — Nabis is the #1 wholesale platform powering over $1B annually in licensed cannabis commerce across the U.S. Founded in 2018 by serial tech entrepreneurs and backed by Y Combinator, Nabis enables thousands of nationwide brand and retailer partners to innovate, launch, and scale strategically. Its integrated wholesale solution includes best-in-classonline marketplace, state-of-the-art multi-channel fulfillment, payment processing, flexible financing, data analytics, and sales and marketing services. Nabis delivers the predictability cannabis operators need to grow. Nabis has been recognized on Inc. 5000’s list of Fastest Growing Private Companies in America, Fast Company’s 50 Most Innovative Companies in America, and Deloitte’s Technology Fast 500. Learn more at nabis.com.
  • Perfect Blends — A blend of terpene-rich sauce infused cannabis varieties formulated to help you feel the way you want to feel.
  • Happy Cabbage Analytics — Happy Cabbage Analytics is a revenue optimization toolkit for cannabis retailers. Our products improve your returns from marketing, inventory management, and business operations.
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Delta Emerald Ventures
VC Fund · New York, New York, United States · 7 investments in Cannabis startups

A founder-focused, data-forward investment firm based.

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Investment focus

  • Industry: Cannabis, Software, Information Technology
  • Stage:Series A, Series B, Seed
  • Geography: United States

Investor stats

  • Total investments: 16
  • Round size: Seed $1.5M–$3.1M; Series A $6M–$20M; Series B $11M–$31M
  • Lead/follow: 50% lead, 50% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • Fernway — The #1 independent cannabis vape in Massachusetts, New Jersey and New York. Now available in Missouri and Illinois.
  • Uncle Arnie's — Uncle Arnie's: your party captain serving award-winning THC drinks and cannabis beverages. Life's a trip. Drink it up. Non-carbonated, bold flavors, good vibes.
  • Happy Cabbage Analytics — Happy Cabbage Analytics is a revenue optimization toolkit for cannabis retailers. Our products improve your returns from marketing, inventory management, and business operations.
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Merida Capital Holdings
VC Fund · New York, New York, United States · 7 investments in Cannabis startups

Merida Capital Holdings is a private equity firm focused on responsible investing across the cannabis ecosystem.

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Investment focus

  • Industry: Cannabis, Biotechnology, Medical
  • Stage:Series A, Seed
  • Geography: United States, Canada, Italy

Investor stats

  • Total investments: 46
  • Round size: Seed $1M–$2.5M; Series A $2.8M–$58M
  • Lead/follow: 48% lead, 52% follow
  • Last fund: Likely still investing — raised $250M in 2022

Portfolio highlights

  • MainStem — MainStem is a SaaS purchasing platform with an integrated free marketplace that helps cannabis companies spend less time and money on supplies.
  • VividGro — VividGro is the groundbreaking horticultural LED division of Lighting Science Group (“LSG”) and a pioneer in the Agricultural Technology (AgTech) sector. Utilizing state-of-the-art hardware and software, VividGro implements solutions that improve growers’ profitability by lowering operating costs, increasing efficiencies and yields, and decreasingcycle times.
  • Kush Bottles — BeraStrategy by Greenlane Holdings, Inc. is a Berachain-focused Digital Asset Treasury.
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Gotham Green Partners
VC Fund · Santa Monica, California, United States · 6 investments in Cannabis startups

A leading private equity firm investing exclusively across the global cannabis industry.

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Investment focus

  • Industry: Cannabis, Retail, E-Commerce
  • Stage:Series A, Series B, Post-IPO Equity
  • Geography: United States, Canada

Investor stats

  • Total investments: 30
  • Round size: Series A $6M–$25M; Series B $10M–$125M; Post-IPO Equity $3.5M–$50M
  • Lead/follow: 63% lead, 37% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Lucid Green — Lucid Green aims to provide supply chain operational efficiency and brand marketing solutions to help cannabis brands, distributors and retailers reduce costs, increase transparency, and drive revenue.
  • Trait Biosciences — Trait Biosciences is a cannabis biotechnology company harnessing research scientists in biotechnology and cannabis R&D to change the face of the industry. The company was founded in 2017 and is based in Vancouver, Canada.
  • Engin Sciences — AI-powered recruitment for staffing firms
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Salveo Capital
VC Fund · Chicago, Illinois, United States · 5 investments in Cannabis startups

Salveo Capital is a private investment fund that partners with leading entrepreneurs and management teams to build high-scaling successful companies within the legalized cannabis eco-system.Salveo is predominately focused on the ancillary sectors of the market, which include: software and data; financial payments and services; ag-tech and yieldimprovement technologies; biotech and pharma; and licensing and branding.

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Investment focus

  • Industry: Cannabis, Agriculture, Farming
  • Stage:Series A, Series B, Seed
  • Geography: United States

Investor stats

  • Total investments: 15
  • Round size: Seed $1.5M–$3M; Series A $3.5M–$24M; Series B $7.5M–$30M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • Wurk — Wurk is the leader in HR, Payroll, and Payment technology servicing the fastest-growing emerging industry, cannabis! Wurk's proprietary Compliant Payment Cloud underwriters cannabis businesses enabling them to process payments for payroll, taxes, 401k, benefits, and more positioning Wurk as the largest payments processor in the industry. TheirSaaS HCM Cloud provides Modern HR, Payroll, Time & Attendance, Scheduling accessible on any device, including tablets and mobile. Wurk's Intralytics Cloud (integration meets analytics) connects the industries leading technology providers allowing operators to combine and analyze data to inform mission-critical decisions. Wurk is also assembling this data to provide industry benchmarks to help operators compare their KPIs to the trends of the industry. Wurk's unique platform is proving that Human Capital Management, Workforce Management, and Payment technology providers can add significant value to their customers by focusing on their vertical-specific needs.Wurk was founded in August 2015 by Keegan Peterson. And it is headquartered in Denver, Colorado.
  • Semasio (formerly Fyllo) — Semasio is on a mission to power outperformance in a privacy-first world.
  • Coda Signature — Premium cannabis-infused chocolates and vegan fruit gummies. Meticulously crafted with the finest ingredients for an elevated experience.
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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

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Lerer Hippeau
VC Fund · New York, New York, United States · 5 investments in Cannabis startups

Lerer Hippeau is an early-stage venture capital fund based in New York City. As founders and operators ourselves, we see returns in relationships

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Investment focus

  • Industry: Software, E-Commerce, Mobile
  • Stage:Seed, Series A, Series B
  • Geography: United States, Canada, United Kingdom

Investor stats

  • Total investments: 528
  • Round size: Seed $1.3M–$7.5M; Series A $3M–$17M; Series B $10M–$50M
  • Lead/follow: 21% lead, 79% follow
  • Last fund: May invest from a new fund soon — raised $37M in 2012

Portfolio highlights

  • Birdstop — Fully automated aerial imaging on your field assets through AI powered drones.
  • Betaworks — Betaworks is a product-focused, seed-stage venture capital fund.
  • BLADE — BLADE is a technology-powered, short-distance aviation company committed to reducing travel friction by enabling cost-effective air transportation alternatives. They leverage their technology to enable travelers to utilize and enjoy air travel. BLADE arranges on-demand charter and scheduled flights across a diverse accessible fleet of helicopters,jets, turboprops, and seaplanes.BLADE operates in New York City, Long Island and the Hamptons, Los Angeles, Boston, Washington DC, and many other locations.
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Ralph Gygax
Angel · Bachenbülach, Zurich, Switzerland · 5 investments in Cannabis startups

Ralph Gygax is a Chief Administrative Officer at SWISS Gate AG. He attended KV, SVIT from 1999 to 2007.

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Investment focus

  • Industry: Cannabis, Wellness, Cosmetics
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Switzerland

Investor stats

  • Total investments: 5
  • Round size: Seed $119k–$621k
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • SWISS Gate AG — SWISS Gate AG is a family-run Swiss company founded in November 2019 by brothers Dominic, Marco & Michael Hoffmann with the support of their father Werner Hoffmann and uncle Ralph Gygax.SWISS Gate AG focuses with its positioning on the areas of Lifestyle & Wellbeing. The offered product assortment ranges from CBD Anti-Aging and Day Creamsto Skin Creams as well as Shampoo, Shower Gel or Conditioner to Hemp Foods like Hemp Tea or Hemp Seed Oils to CBD Hemp Flowers to CBD Hemp Oil for humans and animals.SWISS Gate AG exclusively distributes its products of the company-owned brands Herbalea and Old Donald's through selected resellers as well as through the company-owned e-commerce channel cbuy.ch - Alles Gute aus Cannabis.SWISS Gate AG manufactures all products together with exclusive partners from the cosmetics, food & consumer goods industry and has the exclusive production & distribution rights over the products.SWISS Gate AG has launched its Series A financing round in mid-September 2021 with the goal to raise CHF 5'000'000. Currently, CHF 200,000 of this amount has been raised. The financing round is currently open - interested parties can contact CEO Marco Hoffmann directly via the contact details.
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AFI Capital Partners
VC Fund · Seattle, Washington, United States · 5 investments in Cannabis startups

AFI Capital Partners

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Investment focus

  • Industry: Cannabis, Biotechnology, Alternative Medicine
  • Stage:Series A, Series B, Seed
  • Geography: United States, Mexico

Investor stats

  • Total investments: 11
  • Round size: Seed $3.5M–$6M; Series A $12M–$20M; Series B $8.5M–$21M
  • Lead/follow: 45% lead, 55% follow

Portfolio highlights

  • Botanica Seattle — botanicaGLOBAL has an award winning catalog of cannabis brands with the most widely available cannabis edibles in the United States.
  • Compassionate Cultivation — Compassionate Cultivation is a medical cannabis company that grows, processes, and dispenses CBD medicine.The company provides patient consultations, physician outreach resources, and detailed information on their products and retail merchandise. Conditions including epilepsy, seizure disorders, multiple sclerosis, spasticity, ALS, autism,terminal cancer, CTE, and other incurable neurodegenerative disorder now have access to medically prescribed cannabis.
  • Biopharmaceutical Research Company — Biopharmaceutical Research Company is a botanical cannabinoid API producer based in United States of America, focusing on federally compliant active pharmaceutical ingredients and plant-based therapeutics for academic researchers, biotech drug developers and pharmaceutical manufacturing companies.
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Subversive Capital
VC Fund · New York, New York, United States · 5 investments in Cannabis startups

Subversive Capital is dedicated to investing in radical companies whose core missions subvert the status quo and require sophisticated government and regulatory strategies for success.

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Investment focus

  • Industry: Cannabis, Health Care, Consumer Goods
  • Stage:Seed, Series A, Series B
  • Geography: United States, Canada, Sweden

Investor stats

  • Total investments: 31
  • Round size: Seed $1M–$8.5M; Series A $4M–$44M; Series B $5M–$75M
  • Lead/follow: 10% lead, 90% follow

Portfolio highlights

  • AEXLAB — AEXLAB is a virtual reality technology studio creating meaningful technologies for gaming, training, simulation and more.
  • Betty — Betty is a mobile gaming entertainment company that develops the intersection of casual mobile gaming and real money online casinos.
  • Synchron — The endovascular brain computer interface.
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Babel Ventures
VC Fund · San Francisco, California, United States · 5 investments in Cannabis startups

Babel Ventures is an early stage VC fund backing driven, impact-oriented entrepreneurs in Silicon Valley. The firm typically invests in seed-stage consumer biotech, longevity, health & wellness, and F&B verticals.

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Investment focus

  • Industry: Food and Beverage, Cannabis, Health Care
  • Stage:Seed, Pre-Seed, Series B
  • Geography: United States

Investor stats

  • Total investments: 18
  • Round size: Seed $250k–$4M; Pre-Seed $600k–$1.4M; Series B $31M–$45M
  • Lead/follow: 11% lead, 89% follow
  • Last fund: May invest from a new fund soon — raised $26M in 2017

Portfolio highlights

  • GALY — GALY biocrafts premium cocoa and cotton with quality, traceability, and scalable supply for modern brands.
  • Nabis — Nabis is the #1 wholesale platform powering over $1B annually in licensed cannabis commerce across the U.S. Founded in 2018 by serial tech entrepreneurs and backed by Y Combinator, Nabis enables thousands of nationwide brand and retailer partners to innovate, launch, and scale strategically. Its integrated wholesale solution includes best-in-classonline marketplace, state-of-the-art multi-channel fulfillment, payment processing, flexible financing, data analytics, and sales and marketing services. Nabis delivers the predictability cannabis operators need to grow. Nabis has been recognized on Inc. 5000’s list of Fastest Growing Private Companies in America, Fast Company’s 50 Most Innovative Companies in America, and Deloitte’s Technology Fast 500. Learn more at nabis.com.
  • Mellows — Mellows is a producer of cannabis-infused marshmallows intended to offer safe and unique confectionery alternatives for adults. Its low-dose and handcrafted marshmallows are medicated using coconut oil infused with solventless hash, enabling customers to enjoy sweets without worrying about dosage and portion splitting.The company was founded in2015 and is based in San Francisco, California.
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Evolution VC Partners
VC Fund · New York, New York, United States · 5 investments in Cannabis startups

Evolution VC Partners invest and partner with disruptive companies with a strong team, product, and market opportunity. They help entrepreneurs build great companies and consider themselves to be investment accelerators and will seek to be active creators of value for their portfolio companies.

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Investment focus

  • Industry: Software, Food and Beverage, SaaS
  • Stage:Series A, Seed
  • Geography: United States, Canada, India

Investor stats

  • Total investments: 239
  • Round size: Seed $1M–$11M; Series A $6M–$38M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • Hemper — Hemper Offers a premium monthly smoking subscription box for all of your smoking essentials. Avoid trips to Headshops and gain access to Limited edition smoking accessories and novelty curated lifestyle brand with discreet shipping to your door. Get the best Weed Subscription For $39.99 for $100+ Value.
  • Beyond — Beyond Meat is plant-based, vegan meat that's tasty & better for you and for our planet. Find us in the meat aisle or subscribe for Beyond Meat delivery.
  • HUNGRY — HUNGRY connects hundreds of local companies to top chefs & restaurants to provide amazing office food programs in a reliable and efficient way.
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Andrew Stokes
Angel · Denver, Colorado, United States · 5 investments in Cannabis startups

Andrew Stokes is an American software engineer, most notable for his research in anomalous network detection, particularly in the machine learning and artificial intelligence field. Andrew graduated from Western Governors University with a Bachelor’s in Computer Science. In May 2021, Andrew founded Omega AI, Inc. as a counteroffensive cybersecurityAI. Andrew continues to act as the Executive Director and Chief Software Architect at Omega AI, Inc.

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Investment focus

  • Industry: Cannabis
  • Stage:Pre-Seed, Angel, Series A

Investor stats

  • Total investments: 5
  • Round size: Pre-Seed $31k–$33k
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • NaxoBud — NaxoBud, A cannabis website renowned for its exceptional products. Their website is a showcase of diverse cannabis varieties, from traditional flower strains to potent concentrates and appetizing edibles, serving different customer requirements and tastes. The platform's user-friendly design and commitment to superior quality
  • PlugPire — PlugPire, an eCommerce website, is known for its exceptional cannabis products. Their website is a showcase of diverse cannabis varieties, from traditional flower strains to potent concentrates and appetizing edibles, serving different customer requirements and tastes. The platform's user-friendly design and commitment to superior qualityoffer a convenient, private way for customers to discover and purchase marijuana products online, ensuring a unique and pleasing shopping experience.
  • UberPlug — UberPlug, an eCommerce website, is known for its exceptional cannabis products. Their website is a showcase of diverse cannabis varieties, from traditional flower strains to potent concentrates and appetizing edibles, serving different customer requirements and tastes. The platform's user-friendly design and commitment to superior quality
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Werner Hoffmann
Angel · Bachenbülach, Zurich, Switzerland · 4 investments in Cannabis startups

Professional experience: Expert for Risk Management and Public Relations Strategic & operational responsibility Compliance & Safety Management Decades of leadership experience as colonel & professional military pilot in the Swiss Air Force

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Investment focus

  • Industry: Cannabis, Wellness, Cosmetics
  • Stage:Seed, Series A
  • Geography: Switzerland

Investor stats

  • Total investments: 4
  • Round size: Seed $225k–$621k
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • SWISS Gate AG — SWISS Gate AG is a family-run Swiss company founded in November 2019 by brothers Dominic, Marco & Michael Hoffmann with the support of their father Werner Hoffmann and uncle Ralph Gygax.SWISS Gate AG focuses with its positioning on the areas of Lifestyle & Wellbeing. The offered product assortment ranges from CBD Anti-Aging and Day Creamsto Skin Creams as well as Shampoo, Shower Gel or Conditioner to Hemp Foods like Hemp Tea or Hemp Seed Oils to CBD Hemp Flowers to CBD Hemp Oil for humans and animals.SWISS Gate AG exclusively distributes its products of the company-owned brands Herbalea and Old Donald's through selected resellers as well as through the company-owned e-commerce channel cbuy.ch - Alles Gute aus Cannabis.SWISS Gate AG manufactures all products together with exclusive partners from the cosmetics, food & consumer goods industry and has the exclusive production & distribution rights over the products.SWISS Gate AG has launched its Series A financing round in mid-September 2021 with the goal to raise CHF 5'000'000. Currently, CHF 200,000 of this amount has been raised. The financing round is currently open - interested parties can contact CEO Marco Hoffmann directly via the contact details.
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RIV Capital
VC Fund · Toronto, Ontario, Canada · 4 investments in Cannabis startups

The Investor Relations website contains information about FLUENT Corp.'s business for stockholders, potential investors, and financial analysts.

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Investment focus

  • Industry: Cannabis, AgTech, Food and Beverage
  • Stage:Seed, Series A
  • Geography: Canada, United States, Italy

Investor stats

  • Total investments: 16
  • Round size: Seed $1.5M–$2.5M; Series A $6.7M–$12M
  • Lead/follow: 56% lead, 44% follow

Portfolio highlights

  • Headset — Retail & market insights for cannabis retailers, product manufacturers, CPGs, processors, growers & all ancillary services.
  • BioLumic — BioLumic develops light signals that activate plant growth and unlock the natural genetic potential of crops. The company's photogenics platform leverages innovation in plant science, light technology and genetic insights. Demonstrated results include higher yield, improved vigor, increased disease and pest resistance, and improvements incrops composition. These results have been across a variety of seeds and seedling: soybean, cannabis and vegetable and fruit crops. It is a clean technology that does not require the use of chemicals or amendments. BioLumic is a private company and was founded in 2013.
  • High Beauty — High Beauty is a skincare brand that offers clean beauty skincare products made from hemp seed oil. High Beauty chooses organic ingredients to create the purest and cleanest ingredients for all of our formulations. High Beauty makes every effort to source all raw ingredients from organic farms and extraction processes.
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Louis Beryl
Angel · San Francisco, California, United States · 4 investments in Cannabis startups

3X Founder of Earnest, SolidEnergy, and now working on the next one. Formerly a16z and YC. Active angel investor and board member.

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Investment focus

  • Industry: Software, FinTech, Financial Services
  • Stage:Seed, Series A
  • Geography: United States, United Kingdom, Canada

Investor stats

  • Total investments: 131
  • Round size: Seed $1M–$6M; Series A $2.2M–$14M
  • Lead/follow: 2% lead, 98% follow

Portfolio highlights

  • Roofr — The complete sales toolbox for roofers. From roof measurement reports to project-winning proposals.
  • Flip — Great prices and unbelievably fast sales on popular, limited edition sneakers.
  • AnchorUSD — Buy, sell, and send crypto Explore and Invest in all the top rated coins Instant Trade between thousands of coin pairs Support over at @AnchorUSDHelp
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Tress Capital
VC Fund · New York, New York, United States · 4 investments in Cannabis startups

Tress Capital is a global cannabis investment firm based in New York.

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Investment focus

  • Industry: Cannabis, E-Commerce, Retail
  • Stage:Pre-Seed, Seed, Series A
  • Geography: United States

Investor stats

  • Total investments: 5
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Highsman — Highsman is an appreciation for greatness and an appreciation for cannabis. Join Ricky Williams and learn how to Spark Greatness.
  • Tyson 2.0 — The official merchandise of Mike Tyson's legendary brand, Tyson 2.0
  • Tical — Tical offers variety of cannabis products.
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Judith Fitzpatrick
Angel · Montgomery, New York, United States · 4 investments in Cannabis startups

Judith Fitzpatrick

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Investment focus

  • Industry: AgTech, Cannabis, Agriculture
  • Stage:Seed
  • Geography: United States

Investor stats

  • Total investments: 4
  • Round size: Seed $60k–$110k
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Prolific Earth Sciences — On-site soil test for microbial biomass/fungal to bacterial ratio in 20 min. Data saved in the cloud by GPS location. Patented, accurate, rapid and inexpensive.
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IA Capital Group
VC Fund · New York, New York, United States · 4 investments in Cannabis startups

IA Capital Group is a New York-based venture capital firm and manager of the Inter-Atlantic funds. Since 2000, IA Capital Group has partnered with entrepreneurs to shape the future of the financial services and insurance industries.

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Investment focus

  • Industry: Financial Services, Insurance, FinTech
  • Stage:Series A, Series C, Series B
  • Geography: United States, Canada, Bermuda

Investor stats

  • Total investments: 101
  • Round size: Series A $4.9M–$15M; Series B $10M–$43M; Series C $4M–$50M
  • Lead/follow: 49% lead, 51% follow
  • Last fund: May invest from a new fund soon — raised $84M in 2020

Portfolio highlights

  • Authentic4D — Insurtech company providing bodily injury claims evaluation and visualization services to insurance companies and attorneys.
  • Summit — Summit provides the best Commercial Insurance, Liability, Business, Tech & Cyber Insurance in Canada. We are specialized in custom insurance Solutions.
  • Matic Insurance — Matic is an independent insurance agency that works with multiple insurance carriers so that we can provide the best recommendation to you. This often results in the best policy and the best price.
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Arcview Group
VC Fund · Oakland, California, United States · 4 investments in Cannabis startups

The ArcView Group works in the burgeoning legal cannabis industry by establishing connections between investors and entrepreneurs in an effort to meet the needs of cannabis cultivators, dispensaries, and customers. With industry experience, The ArcView Group is working to help usher in the next generation of cannabis-related businesses with thecreation of The ArcView Angel Network and the MyDispensary Mobile App.

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Investment focus

  • Industry: Sales, FinTech, Cannabis
  • Stage:Seed, Series A
  • Geography: United States

Investor stats

  • Total investments: 6
  • Round size: Seed $1M–$2.5M; Series A $2.3M–$17M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • Wurk — Wurk is the leader in HR, Payroll, and Payment technology servicing the fastest-growing emerging industry, cannabis! Wurk's proprietary Compliant Payment Cloud underwriters cannabis businesses enabling them to process payments for payroll, taxes, 401k, benefits, and more positioning Wurk as the largest payments processor in the industry. TheirSaaS HCM Cloud provides Modern HR, Payroll, Time & Attendance, Scheduling accessible on any device, including tablets and mobile. Wurk's Intralytics Cloud (integration meets analytics) connects the industries leading technology providers allowing operators to combine and analyze data to inform mission-critical decisions. Wurk is also assembling this data to provide industry benchmarks to help operators compare their KPIs to the trends of the industry. Wurk's unique platform is proving that Human Capital Management, Workforce Management, and Payment technology providers can add significant value to their customers by focusing on their vertical-specific needs.Wurk was founded in August 2015 by Keegan Peterson. And it is headquartered in Denver, Colorado.
  • FloraWorks — Leading the way in cannabinoid research, our products offer natural, scientifically-backed paths to better health.
  • Birchmount Network — Birchmount Network is a gift card and marketing services company that provides comprehensive revenue and brand solutions.
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7thirty Capital
VC Fund · Boulder, Colorado, United States · 4 investments in Cannabis startups

The 7thirty Opportunity Fund is an early-stage growth equity fund targeting private cannabis-related technology investments around the world. The fund is closely partnered with the CanopyBoulder business accelerator for unparalleled deal flow and access to top-tier investments. Headquartered in Boulder, Colorado, the fund is ideally situated tocapitalize on the 30% average compound annual growth in the legal cannabis industry. A highly disciplined investment approach allows the fund to build a diversified portfolio of exceptional investments poised to grow with the industry.

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Investment focus

  • Industry: Cannabis, Software, AgTech
  • Stage:Seed, Series C
  • Geography: United States

Investor stats

  • Total investments: 6
  • Round size: Seed $1.5M–$3.1M
  • Lead/follow: 83% lead, 17% follow

Portfolio highlights

  • Trym — Software built for commercial growers. Improve efficiency & consistency to optimize your grow for more ROI and less WTF.
  • Apex Trading — Built for wholesale cannabis by cannabis industry professionals. Delivering all the software tools needed to simplify wholesale operations while creating an environment in which Buyers and Sellers interact directly ensuring the best value for all.
  • The Blinc Group — Headquartered in New York City, The Blinc Group designs, develops, supplies and supports premium cannabis vaping hardware. The company offers a curated collection of proven cartridges, batteries, ready to use vaporizers and complete bespoke device development to multi-state operators, licensed producers, processors and brands. Blinc completes thevalue chain by providing its clients access to a suite of support services ranging from research and development, production, testing, standard operating procedures, training and all the way to go-to-market strategy and brand communications consulting. With full control of the supply chain, the company’s unique “Powered by Blinc” process enables clients to provide innovative, safe and quality controlled products to cannabis consumers worldwide. To learn more about Blinc, visit http://www.theblincgroup.com.
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12/12 Ventures
VC Fund · Sausalito, California, United States · 4 investments in Cannabis startups

12/12 Ventures is a venture capital firm that focuses on investing in the cannabis industry. Co-Founded by Parker Berling and Matt Barron in 2020, 12/12 Ventures is headquartered in Sausalito, California, United States.

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Investment focus

  • Industry: Cannabis, SaaS, Retail
  • Stage:Seed, Series A
  • Geography: United States

Investor stats

  • Total investments: 8
  • Lead/follow: 75% lead, 25% follow

Portfolio highlights

  • Cookies — Cookies Inc., is a cannabis brand, which currently has 7 dispensaries in California, 1 in Detroit.
  • Backbone Software — Backbone is the world's first supply mesh software providing supply chain solutions for an interconnected world.
  • Cookies Retail Enterprises — Cookies Retail Enterprises is a retail development company (think REIT) that is purpose-built to rapidly identify and secure premium retail locations for Cookies stores.
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JW Asset Management
VC Fund · New York, New York, United States · 4 investments in Cannabis startups

An SEC-registered investment adviser in New York City - investing primarily within the healthcare sector - with over $1B in assets under management.

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Investment focus

  • Industry: Cannabis, Medical, Pharmaceutical
  • Stage:Series A, Series B, Series C
  • Geography: United States, Canada

Investor stats

  • Total investments: 25
  • Round size: Series A $4.6M–$12M; Series B $11M–$35M; Series C $23M–$40M
  • Lead/follow: 56% lead, 44% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Gage Cannabis — Gage Cannabis Co. is innovating and curating the highest quality cannabis experiences possible for cannabis consumers in the state of Michigan and bringing internationally renowned brands to market.
  • Establishment Labs — Establishment Labs is a medical technology company with a strong emphasis on innovation that designs, develops, manufactures and markets an innovative product portfolio. Its CE-marked Motiva Implants® line of silicone breast implants (http://www.motivaimplants.com) utilizes ultra-high purity medical-grade silicone and is subject to thestrictest quality assurance testing throughout the manufacturing process. Motiva Implants are sold in more than 60 countries worldwide. Puregraft®’s FDA cleared and CE-Marked technology provides plastic surgeons with purified fat for reinjection on the sterile field and is used in hospitals and clinics around the world. Divina® is a proprietary 3D imaging technology for full integration in consultation and surgical planning of unique solutions for breast aesthetics and reconstruction. All manufacturing facilities are fully compliant with both FDA and ISO applicable standards.
  • Vitruvias Therapeutics — Vitruvias Therapeutics is a start-up generic pharmaceutical company that will focus on developing niche topical generic products that are sold only by prescription. The name of the company is taken from Leonardo da Vinci’s drawing “The Vitruvian Man” which refers to the idealized proportionality of the human figure.The company was founded in 2013and is based in Montgomery, Alabama.
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Ensemble
VC Fund · San Francisco, California, United States · 4 investments in Cannabis startups

ensemble helps brands operate & scale in a dynamic market while giving investors single-point access to an actively-managed portfolio of privately-held companies. ensemble is a highly experienced team with proven track records in marketing, technology, and natural products.

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Investment focus

  • Industry: Cannabis, Software, SaaS
  • Stage:Seed, Pre-Seed, Convertible Note
  • Geography: United States

Investor stats

  • Total investments: 10
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • Serve AI — Place website meta description here
  • Radicle Science — Radicle Science validates natural product efficacy to differentiate your brand, build credibility, and drive revenue.
  • Happy Cabbage Analytics — Happy Cabbage Analytics is a revenue optimization toolkit for cannabis retailers. Our products improve your returns from marketing, inventory management, and business operations.
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Robert Stavis
Angel · New York, New York, United States · 4 investments in Cannabis startups

Robert Michael Stavis is based out of Larchmont, New York and is the Partner of Bessemer Venture Partners. Robert previously worked at NewSchools Venture Fund as a Director. Robert Stavis attended the University of Pennsylvania.

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Investment focus

  • Industry: Financial Services, FinTech, Finance
  • Stage:Series C, Series B, Series A
  • Geography: United States, Canada, United Kingdom

Investor stats

  • Total investments: 35
  • Round size: Series A $3.9M–$38M; Series B $9.3M–$126M; Series C $10M–$32M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • LNTS — LNTS has recognized the deficiencies in healthcare and through our proprietary technology and solution, we are making rehabilitation and performance far more efficient for patients, clinicians and providers. LNTSConnect.com
  • Atarraya Inc — Explore Atarraya Farms commitment to sustainability and ethical seafood production. We create the most sustainable protein in the world through innovative aquaculture practices. Join us in revolutionizing the future of seafood
  • Flower Company — We sell weed on the internet. Thousands of products delivered overnight throughout California from Humboldt to San Diego
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Everywhere Ventures
VC Fund · New York, New York, United States · 4 investments in Cannabis startups

Everywhere Ventures is a global pre-seed venture capital fund for founders, by founders. Click to read Everywhere VC, by Everywhere Ventures, a Substack publication with tens of thousands of subscribers.

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Investment focus

  • Industry: Software, Health Care, FinTech
  • Stage:Pre-Seed, Seed, Series A
  • Geography: United States, Australia, India

Investor stats

  • Total investments: 1093
  • Round size: Seed $1.2M–$6.5M; Pre-Seed $500k–$2.6M; Series A $8M–$20M
  • Lead/follow: 2% lead, 98% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • Donna — Meet Donna, the AI assistant built for field sales teams. Save time, cut admin, and close more deals with less effort.
  • Suma Wealth — Meet Charlie, your AI financial coach inside the SUMA app. Get personalized budgeting, savings, and investing advice in English or Spanish.
  • Journey Live — Journey is shifting the way modern companies prioritize mental health. Our proactive, inclusive tools engage every employee, every day.
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Green Acre Capital
VC Fund · Toronto, Ontario, Canada · 4 investments in Cannabis startups

Green Acre Capital is a private investment fund dedicated exclusively to the Canadian medical and recreational cannabis industry. The fund invests in sectors across the cannabis value chain including production, research, consumer products and retail.

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Investment focus

  • Industry: Cannabis, Consumer Goods, Marketing
  • Stage:Seed, Series A
  • Geography: Canada, United States

Investor stats

  • Total investments: 16
  • Round size: Seed $118k–$3.1M
  • Lead/follow: 63% lead, 37% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • Claybourne — Claybourne is a cannabis breeder, cultivator, and retail brand that is known for its broad line of flower, pre-roll, and concentrate products.
  • humble+fume — humble+fume is Canada’s leading distributor of cannabis accessories. We offer the largest range of products and accessories to legal dispensaries, head shops and smoke shops of all sizes. We work with over 200 of the leading industry brands and offer more than 10,000 products and accessories. With distributions centres across North America, we arewell positioned to help grow your business. Our team believes pairing cannabis accessories is at the heart of contemporary enjoyment, we look forward to working with you and creating the perfect experience for your customers.
  • HC Solutions Holdings — HC Solutions Holdings operates as a distributor of cannabis. HC Solutions Holdings formed as a Joint Venture between Green Acre Capital Distribution Corp. and Humble & Fume.
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Entourage Effect Capital
VC Fund · 4 investments in Cannabis startups

Entourage Effect Capital, LLC (formerly Cresco Capital Partners, LLC) is a private investment firm, dedicated to investing in the cannabis industry. EEC’s mission is to actively leverage our sector and investment experience, networks, and investment process, and to identify, invest and accelerate high quality emerging growth companies. EECstands apart by taking an active role in adding value to the management teams of its companies. Some have called it a “Keiretsu”, but as we are in Cannabis, we call it “the Entourage Effect.” The Entourage Effect is a term used to describe a novel method of endocannabinoid regulation. It means that the compounds within the cannabis plant work in concert to create a sum greater than any of its individual parts. This is the same strength they bring to investing. From early stage acceleration, to acquisition sourcing, to strategy, to creating exit opportunities, they believe in being the most valuable names on their founder’s cap tables.

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Investment focus

  • Industry: Cannabis, Biotechnology, Health Care
  • Stage:Series A, Series B, Venture - Series Unknown
  • Geography: United States, New Zealand

Investor stats

  • Total investments: 9
  • Round size: Series A $5M–$12M; Series B $9M–$30M; Venture - Series Unknown $7.6M–$20M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • Cookies — Cookies Inc., is a cannabis brand, which currently has 7 dispensaries in California, 1 in Detroit.
  • Botanica Seattle — botanicaGLOBAL has an award winning catalog of cannabis brands with the most widely available cannabis edibles in the United States.
  • Hoodie Analytics — Hoodie Analytics is cannabis' first full CPG data platform. Track sales, distribution and insights across 12,000+ dispensaries nationwide.
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Arcview Collective Fund
VC Fund · San Francisco, California, United States · 3 investments in Cannabis startups

Arcview Collective Fund is an early-stage and opportunities for the cannabis industry. The Collective invests across subsectors where it leverages its members’ expertise, to make investments averaging $50,000 to $250,000, each, over the life of the investment. The firm was founded in 2009 and headquartered in San Francisco, California.

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Investment focus

  • Industry: Cannabis, Software, Information Technology
  • Stage:Seed, Series A
  • Geography: United States

Investor stats

  • Total investments: 4
  • Round size: Seed $2.7M–$3.1M
  • Lead/follow: 0% lead, 100% follow
  • Last fund: May invest from a new fund soon — raised $2.8M in 2018

Portfolio highlights

  • UbiQD — UbiQD pioneers quantum dot technology to enhance energy efficiency and sustainability. Discover our innovative solutions in solar energy, agriculture, and advanced materials.
  • Trym — Software built for commercial growers. Improve efficiency & consistency to optimize your grow for more ROI and less WTF.
  • Hoodie Analytics — Hoodie Analytics is cannabis' first full CPG data platform. Track sales, distribution and insights across 12,000+ dispensaries nationwide.
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Gron Ventures
VC Fund · Newport Beach, California, United States · 3 investments in Cannabis startups

We are backing businesses and brands with potential to be market leaders for decades to come.

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Investment focus

  • Industry: Cannabis, Health Care, Sales
  • Stage:Series A, Series B, Series C
  • Geography: United States

Investor stats

  • Total investments: 11
  • Round size: Series A $4.5M–$27M; Series B $10M–$39M; Series C $1.4M–$200M
  • Lead/follow: 36% lead, 64% follow

Portfolio highlights

  • Gilgamesh Pharmaceuticals — We develop novel medicines that harness the therapeutic promise of psychedelics to revolutionize the treatment of mental illness
  • Lucid Green — Lucid Green aims to provide supply chain operational efficiency and brand marketing solutions to help cannabis brands, distributors and retailers reduce costs, increase transparency, and drive revenue.
  • Heading Health — Heading Health is a technology-enabled mental health platform improving access to high-quality and affordable care. Heading delivers personalized treatment solutions that leverage evidence-based therapeutics and technologies such as Spravato, transcranial magnetic stimulation, telepsychiatry, and intramuscular ketamine.
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Christian Angermayer
Angel · London, England, United Kingdom · 3 investments in Cannabis startups

Christian Angermayer is based out of London, England and is the Co-Founder & Executive Chairman of Enhanced Games. Christian Angermayer attended the University of Bayreuth.

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Investment focus

  • Industry: Financial Services, FinTech, Blockchain
  • Stage:Seed, Series A, Series B
  • Geography: Germany, United States, United Kingdom

Investor stats

  • Total investments: 45
  • Round size: Seed $549k–$20M; Series A $8M–$45M; Series B $4.4M–$125M
  • Lead/follow: 36% lead, 64% follow

Portfolio highlights

  • TRIP — TRIP is the UK's most trusted CBD Oils and CBD Drinks Supplier. Shop the UK's best CBD oils available online with FREE UK Shipping.
  • Plasma — We are now @Plasma.
  • Enhanced Games — At Enhanced, we are pioneering a new era in athletic competition that embraces scientific advancements to push the boundaries of human performance.
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Base Ventures
VC Fund · Berkeley, California, United States · 3 investments in Cannabis startups

We founded Base Ventures to turn access into opportunity for investors, founders, and the next disruptive idea.

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Investment focus

  • Industry: Software, Mobile, Information Technology
  • Stage:Seed, Series A
  • Geography: United States, South Korea, Canada

Investor stats

  • Total investments: 119
  • Round size: Seed $346k–$7M; Series A $1.2M–$24M
  • Lead/follow: 8% lead, 92% follow
  • Last fund: May invest from a new fund soon — last raise in 2021

Portfolio highlights

  • Rebodis — Ribodi’s goal is to empower clothing with intelligence by seamlessly integrating robotics and smart technologies into everyday apparel, enabling robotized garments to become a practical, accessible, and trusted fixture in everyone’s wardrobe.
  • Vivadios — Viva Dios is a Christian-tech startup building 10x better apps for Christians worldwide.
  • Index Robotics — Index Robotics is a startup developing upper-body humanoid robots based on high-precision actuator technology .
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Maria Frances
Angel · London, England, United Kingdom · 3 investments in Cannabis startups

Maria Raga Frances is based out of London, England, and is the venture partner of Creandum. Maria previously worked at ITV as a digital advisory council member. Maria Raga Frances attended INSEAD. Maria Raga Frances has been nominated as a finalist for the Bold Woman Award.

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Investment focus

  • Industry: Fashion, Marketplace, B2B
  • Stage:Seed, Series A, Angel
  • Geography: United Kingdom, France, Sweden

Investor stats

  • Total investments: 16
  • Round size: Seed $2.4M–$30M; Series A $10M–$15M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Fleek — Fleek is a B2B Wholesale Marketplace for second-hand fashion. Our buyers are vintage stores and online resellers; our suppliers are used clothing wholesalers, rag-houses, and donation centres.
  • Omada — Get in on the action with Omada, the ultimate and insanely fun Sports Prediction Community.
  • District — District is a commerce platform where anyone can create and grow their own brand. District allows anyone to develop personalized retail experiences, such as live selling and auctions, marketplaces, and paid communities, without the need for coding or engineering.
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Achari Ventures
VC Fund · New York, New York, United States · 3 investments in Cannabis startups

Achari Ventures is an investment firm that invests in cannabis & cannabis-related companies.

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Investment focus

  • Industry: Cannabis, SaaS, Software
  • Stage:Seed, Series B, Series A
  • Geography: United States

Investor stats

  • Total investments: 6
  • Round size: Seed $2M–$2.5M; Series B $19M–$31M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Vangst — Vangst is the premier talent resource for the cannabis industry. Built on a network of the industry’s best people and widest-ranging career opportunities, Vangst helps employers and employees succeed in cannabis. From temporary gig work to full-time career placement, the company is trusted by the biggest and most innovative brands in cannabis forfull-spectrum staffing needs and has successfully matched tens of thousands of cannabis professionals with leading cannabis companies, The Vangst team’s industry expertise and passion for the plant make us uniquely qualified to help companies match with the perfect candidate and successfully navigate a nuanced and ever-evolving regulatory landscape. At the end of the day, Vangst is about getting cannabis to work with smart technology, unmatched experience, and the industry’s best community of talent.
  • Komplyd — Komplyd is an enterprise-class cannabis technology platform that manages risk and compliance easily. Komplyd’s API provides enriched data, increasing the team’s productivity. It provides real-time and accurate compliance updates. It is a common data model and a single endpoint that empowers the team to rapidly deliver cannabis compliance solutionsin days.
  • Biopharmaceutical Research Company — Biopharmaceutical Research Company is a botanical cannabinoid API producer based in United States of America, focusing on federally compliant active pharmaceutical ingredients and plant-based therapeutics for academic researchers, biotech drug developers and pharmaceutical manufacturing companies.
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Paul Buchheit
Angel · Mountain View, California, United States · 3 investments in Cannabis startups

Paul Buchheit is based out of Mountain View, California and is the Co-Founder and General Partner of Standard Capital. Paul Buchheit attended Case Western Reserve University.

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Investment focus

  • Industry: Software, Artificial Intelligence, E-Commerce
  • Stage:Seed, Series A, Angel
  • Geography: United States, Canada, India

Investor stats

  • Total investments: 153
  • Round size: Seed $1.1M–$5M; Angel $100k–$1.6M; Series A $2.5M–$14M
  • Lead/follow: 7% lead, 93% follow

Portfolio highlights

  • SiPhox Health — Painless, 5-minute biomarker testing at home. Clear insights, trend tracking, and a personalized plan built around your results.
  • BuildForever — BuildForever build products that feel personal, magical and deeply human.
  • Perplexity — Perplexity is a search engine platform that uses artificial intelligence to provide large language models and search engines. The company's platform enables the development of beneficial artificial general intelligence, as well as an open-source environment that is accessible to the public, allowing clients to develop skills and knowledge inartificial intelligence.
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Outbound Ventures
VC Fund · New York, New York, United States · 3 investments in Cannabis startups

We invest in our generation. Millennials not only represent the largest buying group in US history, but are also reshaping the way business is done.

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Investment focus

  • Industry: E-Commerce, Health Care, Food and Beverage
  • Stage:Seed, Series A
  • Geography: United States, Mexico, Colombia

Investor stats

  • Total investments: 56
  • Round size: Seed $1M–$7M; Series A $1.7M–$160M
  • Lead/follow: 4% lead, 96% follow

Portfolio highlights

  • Treinta — Treinta powers 7 million SMBs across the US and Latin America with simple finance, inventory, and sales tools.
  • Worky — At Worky, we are revolutionizing the way HR is managed at Small and Medium Companies. We want to disrupt the way these firms communicate with their employees, and these employees’ financial health
  • Orthogonal — Giving AI agents the tools they need.
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Cosmic Venture Partners
VC Fund · New York, New York, United States · 3 investments in Cannabis startups

We're investing in the next generation of consumer platforms, products and services.

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Investment focus

  • Industry: Health Care, Blockchain, Retail
  • Stage:Seed, Series A
  • Geography: United States

Investor stats

  • Total investments: 29
  • Round size: Seed $545k–$10M; Series A $1.4M–$55M
  • Lead/follow: 3% lead, 97% follow

Portfolio highlights

  • GigFinesse — At GigFinesse, we're powering the people that power live music. Find out what this means for artists and venues on our platform.
  • Gooder Foods — Gooder Foods re-imagines Mac & cheese that's stealthily healthy and unbelievably delicious. It was launched in 2020 and operates in Santa Cruz, California.
  • Arrive Recommerce — Arrive Recommerce is leading the resale market with a profitable, sustainable and scalable branded resale channel. Returns to Recommerce™ focuses on turning a cost center into a profit center by helping brands and retailers divert products such as non-new returns, excess inventory, and damaged inventory into a fully-branded revenue generatingresale channel. Arrive’s Recommence Management Technology, Recommerce Storefront Technology and Analytical Tools allow brands to drive more revenue, more customers and improve operational efficiency. Arrive collaborates with companies in adjacent verticals such as returns management, logistics, and ecommerce enablement to increase margin and value for our brands. Arrive was named the 4th Most Innovative Retail Company by Fast Company in 2022. Notable partners include brands like YETI and Burton Snowboards.
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Navy Capital
VC Fund · New York, New York, United States · 3 investments in Cannabis startups

Navy Capital’s research-oriented, fundamentally-driven investment process focuses on identifying attractive opportunities within the legal cannabis space. Navy Capital seeks to find the best in class businesses within key verticals of the global cannabis industry. Those verticals include Consumer, Healthcare, Technology, Industrials, andAgriculture.

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Investment focus

  • Industry: Cannabis, Retail, Manufacturing
  • Stage:Post-IPO Equity, Seed, Series A
  • Geography: United States, Germany

Investor stats

  • Total investments: 14
  • Round size: Seed $5M–$6.1M; Series A $25M–$44M; Post-IPO Equity $3M–$15M
  • Lead/follow: 57% lead, 43% follow

Portfolio highlights

  • Trading.TV — Tech-driven, human-centric advice and services to help you prosper.
  • Sanity Group — Sanity Group is a holistic European Cannabis company focusing on health, wellbeing, and scientific research. To utilize the full potential of its health benefits, Sanity Group is investing in fundamental research of the cannabis plant and its active ingredients as well as in specific areas of application.It was founded in 2018 and headquarteredin Berlin, Germany.
  • C3 Industries — Building a premier, vertically-integrated cannabis company with a national presence, high-quality products, and strong brand recognition. Learn more.
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Act One Ventures
VC Fund · Los Angeles, California, United States · 3 investments in Cannabis startups

Act One Ventures is a community focused, early stage venture capital firm leading pre-seed and seed rounds in compliance, vertical SaaS, service-as-software, and fintech.

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Investment focus

  • Industry: Software, SaaS, Artificial Intelligence
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Mexico

Investor stats

  • Total investments: 88
  • Round size: Seed $1.1M–$8M; Pre-Seed $700k–$2.6M; Series A $5M–$15M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: Likely still investing — raised $73M in 2024

Portfolio highlights

  • Chord — Chord is a commerce data platform purpose-built for modern brands. Chord enables brands to unify, synthesize, and orchestrate their data to drive radical decisions and revenue.
  • Gail — Gail - the financial services AI
  • Logcat AI — logcat.ai is the AI engineering layer for the OS stack: built for the four billion devices where horizontal AI tools structurally can't reach: phones, vehicles, basebands, and embedded systems running Android, Linux, AGL, Yocto, and custom BSPs. Diagnose ships today with Deep Research and Delta; Remediate (AI-proposed fixes with mandatory human approval gates) is in research preview for BYOC (bring-your-own-cloud) deployments.
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Montage Ventures
VC Fund · Menlo Park, California, United States · 3 investments in Cannabis startups

Montage Ventures is an early stage venture capital firm actively investing in financial services, e-Commerce, marketplaces and healthcare start-ups.

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Investment focus

  • Industry: Financial Services, Software, Health Care
  • Stage:Seed, Series A
  • Geography: United States, Italy, Brazil

Investor stats

  • Total investments: 133
  • Round size: Seed $1000k–$10M; Series A $3.2M–$25M
  • Lead/follow: 20% lead, 80% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • Eoliann — Eoliann offers a climate risk assessment and prediction API to financial institutions. Our solution leverages satellite data and proprietary ML algorithms to forecast the probability and impact of specific climate risk events
  • Airial Travel — Airial Travel is an AI-powered travel agent designed to simplify the flight booking process.
  • Bread Financial — We provide simple, personalized payment, lending and saving solutions.
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HPA (Hyde Park Angels)
VC Fund · Chicago, Illinois, United States · 3 investments in Cannabis startups, 7 in the past 12 months

HPA operates in the financial services sector, focusing on early-stage investments. The company's People First model combines venture capital, a robust business network, and top-tier operating expertise to support the growth of its portfolio companies. HPA's services extend to all stages of a company's lifecycle, from seed to growthstages, providing financial and strategic support to help businesses thrive.It was founded in 2007 and headquartered in Chicago, Illinois.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Series A, Seed, Series B
  • Geography: United States, Canada

Investor stats

  • Total investments: 157
  • Round size: Seed $1M–$5M; Series A $1.5M–$15M; Series B $2.5M–$43M
  • Lead/follow: 18% lead, 82% follow
  • Last fund: May invest from a new fund soon — last raise in 2015

Portfolio highlights

  • Shelfmark — Shelfmark's AI computer vision system inspects 100% of your products to identify common defects in highly variable production lines.
  • Karoo Health — Karoo Health is a leader in tech-enabled value-based cardiovascular care solutions and aims to bring innovative, end-to-end, cardiovascular solutions to patients via partnerships with health plans and self-insured employers. As a patient-first organization, Karoo Health’s mission is to help patients lead their best lives by providing a new paradigmof better cardiology care, at lower cost, than the current system and preventing the progression of cardiovascular disease.
  • Empirical Security — Empirical Security builds precision AI tuned to your cybersecurity environment.
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Right Side Capital Management
VC Fund · San Francisco, California, United States · 3 investments in Cannabis startups

Systematic Pre-Seed Startup Capital

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Investment focus

  • Industry: Software, SaaS, Health Care
  • Stage:Seed, Pre-Seed, Convertible Note
  • Geography: United States, Canada, United Kingdom

Investor stats

  • Total investments: 1452
  • Round size: Seed $20k–$2M; Pre-Seed $50k–$450k; Convertible Note $50k–$630k
  • Lead/follow: 3% lead, 97% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • tbh — tbh is a developer of a mobile application designed to provide anonymous feedback to friends. The company's mobile application facilitates asking or answering questions, open text fields and invite abuse when combined with anonymity, enabling users to say things without repercussions and feel better about themselves from the positive feedbackon social networks.
  • Cohley — Cohley is a content marketing platform focusing on user generated content, visual asset creation, and text review generation. Streamline your content generation today!
  • Vidrovr — Vidrovr develops multimodal computer vision and machine learning systems to index, tag, and understand video. It processes videos with specific domain constraints, such as in sports, government, and media verticals. Its technology enables its users to search an indexed video corpus and retrieve content inside videos and link it to other media likephotos and text.The company Integrates social media to enable direct interactions between multimedia content. Vidrovr was founded in 2016 and is headquartered in New York.
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Sand Hill Angels
VC Fund · Mountain View, California, United States · 3 investments in Cannabis startups

For over two decades, Sand Hill Angels has worked openly and collaboratively with venture capital funds, other angel organizations, and the Bay Area ecosystem that fosters the growth of technology startups.

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Investment focus

  • Industry: Health Care, Software, Biotechnology
  • Stage:Seed, Series A, Series B
  • Geography: United States, Canada, El Salvador

Investor stats

  • Total investments: 364
  • Round size: Seed $1M–$6.5M; Series A $1.6M–$24M; Series B $8.9M–$130M
  • Lead/follow: 3% lead, 97% follow

Portfolio highlights

  • Madison Reed — Madison Reed is transforming at home hair color with ammonia free hair dye that results in multi-dimensional color that looks beautiful, healthy and natural.
  • Clean Power Finance — Clean Power Finance (CPF) is building an online business-to-business marketplace to drive the mass-market adoption of solar. The company connects providers of capital who are committed to investing in residential solar with qualified solar marketers, installers and distributors who need residential solar finance products to differentiate and growtheir businesses. CPF raises 100 percent third-party‐owned project finance funds from institutional investors such as Morgan Stanley and Google, working with the investors to structure and launch the funds with managed risk and return profiles. CPF then markets the funds as solar leases and power purchase agreements (PPAs) to qualified solar professionals, including Paramount Solar and Real Goods Solar (Nasdaq: RSOL), through its licensed online solar sales platform, CPF Tools. CPF Tools is software-as-a-service that simplifies complex sales, quoting, proposal and finance processes and minimizes the “soft costs” of selling solar.CPF’s fund investors earn favorable returns on stable investments on the resulting portfolios of residential distributed generation projects. The company’s solar professional partners gain access to solar leases and power purchase agreements (PPAs) that they can brand and sell to homeowners who want the benefits of solar without the cost and hassle of owning and maintaining a system.CPF manages approximately half a billion dollars of capacity on behalf of fund investors, and supports more than 100 solar professional customers who currently use the CPF Market to sell residential solar finance products to homeowners in CA, CO, HI, MA and NJ. Thousands of solar professionals in all 50 states have extensively used CPF Tools to quote and design solar systems.
  • Front Range Biosciences — Front Range Biosciences brings modern agriculture to cannabis and hemp to improve reliability, efficiency, and safety for cultivators and consumers. They provide advanced agricultural science services to plant growers.
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Jason Calacanis
Angel · San Francisco, California, United States · 3 investments in Cannabis startups

Jason Calacanis is the Founder and CEO of Inside.com and Launch. He previously worked at Weblogs as a Co-Founder and CEO. Jason Calacanis attended Fordham University.

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Investment focus

  • Industry: Software, Internet, Artificial Intelligence
  • Stage:Pre-Seed, Seed, Series A
  • Geography: United States, Australia, Canada

Investor stats

  • Total investments: 548
  • Round size: Seed $722k–$5.5M; Pre-Seed $100k–$2.1M; Series A $2.7M–$16M
  • Lead/follow: 34% lead, 66% follow

Portfolio highlights

  • Dexla — Build B2B apps quickly with an AI-powered front-end software engineer. Type in what your company does and watch Buck build your app for you.
  • Contraline — Contraline is a medical device company that has developed a proprietary injectable hydrogel platform for use in reproductive and contraceptive applications. Contraline's first product, Adam, is implanted into the vas deferens through a minimally invasive, outpatient procedure and once implanted, the gel effectively blocks sperm. Adam isnon-hormonal, designed to last years, and easily reversible.
  • howie — Howie is an AI calendar secretary for email, SMS, iMessage, Gmail, and Google Calendar. He books meetings, protects focus time, follows up, and handles reminders.
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HALLEY Venture Partners
VC Fund · Lafayette, California, United States · 3 investments in Cannabis startups

HALLEY is focused on building elite companies in the legal cannabis, hemp and traditional agriculture spaces and is investing early in these truly life-changing trends.

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Investment focus

  • Industry: Cannabis, Biotechnology, Medical
  • Stage:Seed, Series B
  • Geography: United States, Mexico

Investor stats

  • Total investments: 15
  • Round size: Seed $1.1M–$3.1M; Series B $7.5M–$19M
  • Lead/follow: 20% lead, 80% follow
  • Last fund: May invest from a new fund soon — raised $8M in 2019

Portfolio highlights

  • springbig — BETTER TEXT EMAIL PUSH MARKETING AI-Powered MarTech for Regulated Industries Get Started Today Phone Email Submit Submit Increase retention, boost revenue, build customer loyalty, and create smarter marketing campaigns with the highest deliverability for regulated industries. LEVERAGE YOUR DATA Thanks to our innovative CRMs for regulated industries, you can craft personalized messages based on your
  • Lucid Green — Lucid Green aims to provide supply chain operational efficiency and brand marketing solutions to help cannabis brands, distributors and retailers reduce costs, increase transparency, and drive revenue.
  • Willow Industries — Mitigate mold and bacteria in cannabis with Willow Industries Ozone Systems. WillowPure provides clean and effective solutions to cannabis contamination.
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Michael Lazerow
Angel · New York, New York, United States · 3 investments in Cannabis startups

Michael Lazerow is the Co-founder and Managing Partner at Velvet Sea Ventures.

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Investment focus

  • Industry: Software, SaaS, Mobile
  • Stage:Series A, Seed, Series B
  • Geography: United States, Israel, Nigeria

Investor stats

  • Total investments: 51
  • Round size: Seed $1.6M–$15M; Series A $3M–$26M; Series B $7.3M–$45M
  • Lead/follow: 16% lead, 84% follow

Portfolio highlights

  • Torre.ai — Torre Technologies is a recruitment platform, matching talent from unconventional careers with fulfilling professional opportunities.
  • Mint Songs — Music artists create NFTs with Mint Songs. Our toolkit and marketplace helps you mint 1/1 music NFTs that you can sell to fans and collectors. Own your creative, own your community in web3.
  • WatchBox — WatchBox is the global leader in pre-owned luxury watches. Buy, Sell or Trade the most popular watch brands including Rolex, Patek Philippe, Audemars Piguet, Panerai and more.
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Cannabis Investor funding at a glance

Stats across 894 deals from 935 investors.

935
investors
in Cannabis startups
894
deals
in Cannabis startups
$3.6M
median round
in Cannabis startups
40%
lead investors
lead at least one round
25%
Seed
most common funding stage
76/24
VC / Angel
share of investor count

Access all 935 investors in Cannabis startups.

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