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Top 50 Cannabis VC Funds & Investors (September 2026)

The most active venture capital funds 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
32 United States, Germany, United Kingdom Seed, Series A, Series B Cannabis, Software, Health Care $2M–$38M
Poseidon Asset Management
VC Fund
31 United States Seed, Series A, Venture - Series Unknown Cannabis, Software, SaaS $1M–$40M
Phyto Partners
VC Fund
16 United States, Canada, Mexico Seed, Series A, Series C Cannabis, Software, Advertising $1M–$40M
Salveo Capital
VC Fund
11 United States Series A, Seed, Series B Cannabis, Agriculture, Health Care $1.5M–$30M
OrganiGram
VC Fund
10 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
Merida Capital Holdings
VC Fund
8 United States, Canada, Italy Series A, Seed Cannabis, Biotechnology, Medical $1M–$58M
Lerer Hippeau
VC Fund
7 United States, Canada, United Kingdom Seed, Series A, Series B Software, E-Commerce, Mobile $1.3M–$50M
Delta Emerald Ventures
VC Fund
7 United States Series A, Series B, Seed Cannabis, Software, Information Technology $1.5M–$31M
Green Acre Capital
VC Fund
6 Canada, United States Seed, Venture - Series Unknown, Series A Cannabis, Consumer Goods, Marketing $118k–$11M
Right Side Capital Management
VC Fund
6 United States, Canada, United Kingdom Seed, Pre-Seed, Convertible Note Software, SaaS, Health Care $50k–$2M
12/12 Ventures
VC Fund
6 United States Seed, Series A Cannabis, SaaS, Retail
Gotham Green Partners
VC Fund
6 United States, Canada Series A, Series B, Post-IPO Equity Cannabis, Retail, E-Commerce $3.5M–$125M
Babel Ventures
VC Fund
6 United States Seed, Pre-Seed, Series B Food and Beverage, Cannabis, Health Care $100k–$45M
Subversive Capital
VC Fund
5 United States, Canada, Sweden Seed, Series A, Series B Cannabis, Health Care, Consumer Goods $1M–$75M
AFI Capital Partners
VC Fund
5 United States, Mexico Series A, Series B, Seed Cannabis, Biotechnology, Alternative Medicine $3.5M–$21M
Evolution VC Partners
VC Fund
5 United States, Canada, India Series A, Seed Software, Food and Beverage, SaaS $500k–$34M
Ensemble
VC Fund
5 United States Seed, Pre-Seed, Convertible Note Cannabis, Software, SaaS
WelCan Capital
VC Fund
5 United States, Mexico Seed, Series A, Venture - Series Unknown Cannabis, Software, Biotechnology $1.7M–$25M
JW Asset Management
VC Fund
5 United States, Canada Series A, Series B, Series C Cannabis, Medical, Pharmaceutical $4.7M–$40M
Navy Capital
VC Fund
5 United States, Germany Post-IPO Equity, Venture - Series Unknown, Seed Cannabis, Retail, Manufacturing $3M–$25M
HALLEY Venture Partners
VC Fund
5 United States, Mexico Seed, Series B, Series A Cannabis, Biotechnology, Medical $1.1M–$19M
RIV Capital
VC Fund
5 Canada, United States, Italy Seed, Venture - Series Unknown, Series A Cannabis, AgTech, Food and Beverage $1.5M–$12M
Tress Capital
VC Fund
5 United States, Canada, Israel Pre-Seed, Venture - Series Unknown, Seed Cannabis, E-Commerce, Retail
IA Capital Group
VC Fund
4 United States, Canada, Bermuda Series A, Seed, Series C Financial Services, Insurance, FinTech $700k–$50M
Arcview Group
VC Fund
4 United States Seed, Series A Sales, FinTech, Cannabis $1M–$17M
Sand Hill Angels
VC Fund
4 United States, Canada, India Seed, Convertible Note, Series A Software, Health Care, Biotechnology $300k–$25M
Tuatara Capital
VC Fund
4 United States, Canada Series A, Series B, Post-IPO Equity Cannabis, Biotechnology, Health Care $1.3M–$50M
Base Ventures
VC Fund
4 United States, South Korea, Canada Seed, Series A, Pre-Seed Software, Mobile, E-Commerce $125k–$24M
7thirty Capital
VC Fund
4 United States Seed, Series C, Convertible Note Cannabis, Software, AgTech $1.5M–$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
ARCADIAN Fund
VC Fund
4 United States Seed, Series A, Series B Cannabis, Marketing, Advertising $2M–$50M
Altitude Investment Management
VC Fund
4 United States, Switzerland Series A, Series C, Series B Cannabis, Agriculture, Health Care $3.4M–$28M
Everywhere Ventures
VC Fund
4 United States, Australia, India Pre-Seed, Seed, Series A Software, Health Care, FinTech $250k–$20M
Bullpen Capital
VC Fund
4 United States, Canada, Brazil Series A, Seed, Series B Software, SaaS, Mobile $1.5M–$65M
Canopy San Diego
VC Fund
4 Canada, United States Pre-Seed, Convertible Note Cannabis, Events, Internet $15k–$75k
Sinai Capital Partners
VC Fund
4 United States, Mexico, India Seed, Series A, Series B Software, FinTech, Financial Services $500k–$130M
Liquid 2 Ventures
VC Fund
4 United States, Mexico, Canada Seed, Series A, Pre-Seed Software, Artificial Intelligence, Information Technology $125k–$45M
Act One Ventures
VC Fund
4 United States, Mexico Seed, Series A, Pre-Seed Software, SaaS, Artificial Intelligence $700k–$15M
Mumbai Angels
VC Fund
3 India, United States, Singapore Seed, Angel Software, E-Commerce, Food and Beverage $115k–$3M
Global Founders Capital
VC Fund
3 United States, Germany, United Kingdom Seed, Series A, Pre-Seed Financial Services, Software, FinTech $575k–$30M
New York Angels
VC Fund
3 United States, Israel, United Kingdom Seed, Series A, Series B Software, Health Care, Mobile $365k–$15M
Brand New Matter
VC Fund
3 United States Seed, Series A, Angel Software, SaaS, Travel $2.4M–$11M
FJ Labs
VC Fund
3 United States, Brazil, United Kingdom Seed, Series A, Series B Software, E-Commerce, Financial Services $1.2M–$65M
Ceres Group Holdings
VC Fund
3 United States Convertible Note, Series A Cannabis, Sales, Retail $5M–$5M
Cosmic Venture Partners
VC Fund
3 United States Seed, Series A Health Care, Blockchain, Retail $545k–$55M
Emles Venture Partners
VC Fund
3 United States, India, Mexico Seed, Series A, Series B Software, Financial Services, FinTech $1.5M–$17M
Rose Capital
VC Fund
3 United States Seed, Series A, Series B Cannabis, AgTech, Consumer
WGD Capital
VC Fund
3 United States, Canada, United Kingdom Seed, Series A, Convertible Note Cannabis, SaaS, Software $1.5M–$5.8M
Access all 851 VC funds in Cannabis startups.

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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 · 32 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: 50
  • Round size: Seed $2M–$7M; 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 · 31 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, Venture - Series Unknown
  • Geography: United States

Investor stats

  • Total investments: 50
  • Round size: Seed $1M–$2.3M; Series A $3.5M–$22M; Venture - Series Unknown $1M–$40M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: May invest from a new fund soon — raised $20M in 2021

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 · 16 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: 36
  • Round size: Seed $1M–$3M; Series A $2M–$20M; Series C $9.5M–$40M
  • Lead/follow: 8% lead, 92% follow
  • Last fund: May invest from a new fund soon — raised $2.2M in 2021

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.
  • 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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Salveo Capital
VC Fund · Chicago, Illinois, United States · 11 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, Health Care
  • Stage:Series A, Seed, Series B
  • Geography: United States

Investor stats

  • Total investments: 24
  • Round size: Seed $1.5M–$3.5M; Series A $2.5M–$22M; Series B $7.5M–$30M
  • Lead/follow: 21% lead, 79% follow
  • Last fund: May invest from a new fund soon — raised $22M in 2019

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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OrganiGram
VC Fund · Moncton, Ontario, Canada · 10 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: 12
  • Round size: Convertible Note $1M–$12M
  • Lead/follow: 92% lead, 8% 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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Merida Capital Holdings
VC Fund · New York, New York, United States · 8 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: 50
  • 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

  • TrueGreen — TrueGreen provides consumer loyalty and management, consumption intelligence, regularity and lab services, and e-commerce integration services. They also provide digitizes inventory and provides compliance, operational, and consumer engagement efficiencies.
  • Phylos — Revolutionary cannabis seed varieties with outstanding traits that have been bred to grow uniformly like clones.
  • 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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Lerer Hippeau
VC Fund · New York, New York, United States · 7 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: 623
  • Round size: Seed $1.3M–$7.5M; Series A $3M–$16M; Series B $11M–$50M
  • Lead/follow: 22% lead, 78% follow
  • Last fund: Likely actively investing — fresh fund, raised $200M in 2025

Portfolio highlights

  • Hyperpublic — Hyperpublic is an open database of people, places, and things tied to a specific location. Anyone can add objects to the database and developers will be able to build applications on top of the data.
  • Fresh Nation — Fresh Nation is an enterprise-level B2B wholesale marketplace and management platform for the retail grocery industry, operationalizing local and specialty food assortments for the nation’s largest retailers and distributors. Fresh Nation’s proprietary Virtual Supply Chain™ platform simplifies the complexity of working with thousands of smallvendors, saving time and cutting costs. Incorporating a vendor and product rich CRM, interactive supplier portal, order management suite, accounting and invoicing tools, and flexible EDI/API integrations, Fresh Nation is becoming the grocery industry standard for enterprise specialty food management.
  • littleBits Electronics — LittleBits is an open source library of over 60 electronic modules that snap together with magnets allows users to view, download, and share designs and make their own Bits through the use of prototypes. Deluxe kit, Smart home kit, Arduino coding kit, Synth kit, hardware development kit, and workshop set are some of the electronics learning modulesprovided by littleBits.LittleBits was launched by Ayah Bdeir in 2011 and is operated from New York, United States.
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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 — raised $110k 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.
Show all investments...

Access 48,091 investors

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

Browse database — It's Free!
Green Acre Capital
VC Fund · Toronto, Ontario, Canada · 6 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, Venture - Series Unknown, Series A
  • Geography: Canada, United States

Investor stats

  • Total investments: 16
  • Round size: Seed $118k–$9.3M; Series A $10M–$10M; Venture - Series Unknown $2.1M–$11M
  • Lead/follow: 63% lead, 37% follow
  • Last fund: May invest from a new fund soon — raised $61M 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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Right Side Capital Management
VC Fund · San Francisco, California, United States · 6 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: 1881
  • Round size: Seed $50k–$2M; Pre-Seed $50k–$450k; Convertible Note $50k–$400k
  • Lead/follow: 3% lead, 97% follow
  • Last fund: Likely actively investing — fresh fund, raised $55M 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.
  • 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.
  • Experio AI — Turn contracts, proposals, and expertise into instant searchable intelligence. Win more, ramp faster, never lose knowledge. Enterprise AI for services.
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12/12 Ventures
VC Fund · Sausalito, California, United States · 6 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: 10
  • Lead/follow: 80% lead, 20% follow
  • Last fund: May invest from a new fund soon — raised $5.7M in 2020

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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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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Babel Ventures
VC Fund · San Francisco, California, United States · 6 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: 20
  • Round size: Seed $250k–$4M; Pre-Seed $100k–$2M; Series B $31M–$45M
  • Lead/follow: 10% lead, 90% 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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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–$48M; Series B $5M–$75M
  • Lead/follow: 10% lead, 90% follow
  • Last fund: Likely still investing — fund raised in 2023

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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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
  • Last fund: May invest from a new fund soon — raised $3.5M in 2020

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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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: 274
  • Round size: Seed $500k–$10M; Series A $5.5M–$34M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • Epirus — Epirus is a high-growth technology company that develops cutting-edge directed energy systems and power management solutions to transform multiple industries.
  • HUNGRY — HUNGRY connects hundreds of local companies to top chefs & restaurants to provide amazing office food programs in a reliable and efficient way.
  • The Better Meat Co. — The Better Meat Co. is a B2B ingredients company that offers plug-and-play plant protein formulations that quickly and cost-effectively enhance (or even replace) your meat products while improving nutrition, flavor, and yield.
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Ensemble
VC Fund · San Francisco, California, United States · 5 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: 11
  • Lead/follow: 36% lead, 64% 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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WelCan Capital
VC Fund · Clark, New Jersey, United States · 5 investments in Cannabis startups

UCMI advances malaria eradication through genetic mosquito research, global partnerships, and ethical, science-driven innovation.

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Investment focus

  • Industry: Cannabis, Software, Biotechnology
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: United States, Mexico

Investor stats

  • Total investments: 10
  • Round size: Seed $1.7M–$6M; Series A $10M–$12M; Venture - Series Unknown $2M–$25M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • Trym — Software built for commercial growers. Improve efficiency & consistency to optimize your grow for more ROI and less WTF.
  • C3 Industries — Building a premier, vertically-integrated cannabis company with a national presence, high-quality products, and strong brand recognition. Learn more.
  • 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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JW Asset Management
VC Fund · New York, New York, United States · 5 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: 27
  • Round size: Series A $4.7M–$12M; Series B $11M–$35M; Series C $23M–$40M
  • Lead/follow: 59% lead, 41% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Allumia — Choose Allumia for your next energy efficiency upgrade to save yourself money and save the planet, too.
  • Tyson 2.0 — The official merchandise of Mike Tyson's legendary brand, Tyson 2.0
  • Pistil Data — Market Intelligence Cannabis Data | Pistil makes it easy for cannabis brands of all sizes to get into new stores, expand shelf space & get faster re-orders
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Navy Capital
VC Fund · New York, New York, United States · 5 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, Venture - Series Unknown, Seed
  • Geography: United States, Germany

Investor stats

  • Total investments: 15
  • Round size: Seed $5M–$6.1M; Post-IPO Equity $3M–$15M; Venture - Series Unknown $6M–$25M
  • Lead/follow: 60% lead, 40% follow
  • Last fund: May invest from a new fund soon — raised $128M in 2018

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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HALLEY Venture Partners
VC Fund · Lafayette, California, United States · 5 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, Series A
  • Geography: United States, Mexico

Investor stats

  • Total investments: 16
  • Round size: Seed $1.1M–$3.1M; Series A $2M–$3.4M; Series B $7.5M–$19M
  • Lead/follow: 19% lead, 81% 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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RIV Capital
VC Fund · Toronto, Ontario, Canada · 5 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, Venture - Series Unknown, Series A
  • Geography: Canada, United States, Italy

Investor stats

  • Total investments: 17
  • Round size: Seed $1.5M–$2.5M; Series A $6.7M–$12M
  • Lead/follow: 59% lead, 41% 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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Tress Capital
VC Fund · New York, New York, United States · 5 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, Venture - Series Unknown, Seed
  • Geography: United States, Canada, Israel

Investor stats

  • Total investments: 11
  • Lead/follow: 9% lead, 91% follow
  • Last fund: May invest from a new fund soon — last raise in 2016

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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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, Seed, Series C
  • Geography: United States, Canada, Bermuda

Investor stats

  • Total investments: 107
  • Round size: Seed $700k–$7.8M; Series A $4.9M–$15M; Series C $4M–$50M
  • Lead/follow: 50% lead, 50% follow
  • Last fund: May invest from a new fund soon — raised $84M in 2020

Portfolio highlights

  • Moby — Moby provides regular investors access to tactics that were previously only available to Wall Street's behemoths. Founded in 2021 and is based in New York, New York, United States.
  • Summit — Summit provides the best Commercial Insurance, Liability, Business, Tech & Cyber Insurance in Canada. We are specialized in custom insurance Solutions.
  • District Cover — District Cover takes a data-driven approach to understanding city-based businesses' risk profiles and creates tailored insurance policies for small businesses. We exist to ensure brokers and small businesses can rely on consistent access to insurance solutions that empower continued growth. Our proprietary, non-admitted commercial insuranceproduct provides a new solution as existing options become harder to get, less relevant, and more expensive.
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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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Sand Hill Angels
VC Fund · Mountain View, California, United States · 4 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: Software, Health Care, Biotechnology
  • Stage:Seed, Convertible Note, Series A
  • Geography: United States, Canada, India

Investor stats

  • Total investments: 567
  • Round size: Seed $1M–$6.2M; Series A $1.9M–$20M; Convertible Note $300k–$25M
  • Lead/follow: 2% lead, 98% follow

Portfolio highlights

  • PlusPlus — PlusPlus provides a learning and development SaaS platform for technical professionals. It automates the management of onboarding, workshops, and tech-talks at scale. With PlusPlus, companies attract and develop employees.
  • 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.
  • Magnetic Insight — Magnetic Insight (MI) introduced magnetic particle imaging into the preclinical diagnostic research market enabling quantitative cell tracking, imaging of vascular function, detecting metastatic tumors, visualizing inflammation, CAR-T cell therapies and initial research into regenerative medicine.
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Tuatara Capital
VC Fund · New York, New York, United States · 4 investments in Cannabis startups

Tuatara is a sector-focused private equity firm dedicated to helping great companies realize their vision in the legal cannabis industry.

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Investment focus

  • Industry: Cannabis, Biotechnology, Health Care
  • Stage:Series A, Series B, Post-IPO Equity
  • Geography: United States, Canada

Investor stats

  • Total investments: 10
  • Round size: Series A $3M–$50M; Series B $6.5M–$12M; Post-IPO Equity $1.3M–$13M
  • Lead/follow: 80% lead, 20% follow
  • Last fund: Likely actively investing — fresh fund, raised $9.4M in 2024

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
  • Hound Labs — Hound Labs is a breath technology company that has developed ultra-sensitive technology for non-invasive breath measurement. Utilizing this groundbreaking technology, the HOUND MARIJUANA BREATHALYZER is the world’s first breathalyzer to rapidly, accurately, and inexpensively measure recent marijuana use and alcohol in a person’s breath. The HOUNDBREATHALYZER is intended for law enforcement, employer, and insurance purposes only. Founded in 2014, the Oakland-based company was created by Dr. Mike Lynn, an ER physician, reserve deputy sheriff, and former venture capitalist, his co-founder, Mr. Kuni Oh, a patent attorney with a deep background in engineering and science, and his co-founder, Ms. Jenny Lynn, a business executive with twenty years of experience launching new ventures. Benchmark, Icon Ventures, Intrinsic Capital Partners, Main Street Advisors, NFP Ventures, and individual investors have funded the Company.
  • Atlas Energy Corp — Willow Biosciences is a leading biotechnology company focused on revolutionizing the manufacturing of pure, consistent and sustainable ingredients
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Base Ventures
VC Fund · Berkeley, California, United States · 4 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, E-Commerce
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, South Korea, Canada

Investor stats

  • Total investments: 131
  • Round size: Seed $346k–$7M; Pre-Seed $125k–$1M; 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.
  • Will Perform —
  • Sume — Sume provides agent-native video generation APIs and tools for creating avatar-based and UGC-style videos. The company offers Sume Avatar 1.0, a multi-model orchestration system that behaves like a single avatar endpoint for generating talking-head and product-focused clips. Developers use the Sume Developer API and CLI to create reusable avatars,submit structured video generation jobs, track status, and retrieve production-ready media. The platform supports workflows where agents or applications coordinate creative inputs such as avatars, scripts, and product images. Sume for Brands provides an AI creative application that turns product URLs, product assets, and creative direction into ad-ready UGC-style videos. Its services are used for advertising, branded content, and other video-based communication scenarios.
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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, Convertible Note
  • Geography: United States

Investor stats

  • Total investments: 7
  • Round size: Seed $1.5M–$3.1M
  • Lead/follow: 86% lead, 14% follow
  • Last fund: May invest from a new fund soon — raised $30M in 2019

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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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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ARCADIAN Fund
VC Fund · Beverly Hills, California, United States · 4 investments in Cannabis startups

Arcadian is a leader in cannabis venture capital and headquartered in the center of the cannabis phenomenon (Los Angeles, CA).

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Investment focus

  • Industry: Cannabis, Marketing, Advertising
  • Stage:Seed, Series A, Series B
  • Geography: United States

Investor stats

  • Total investments: 11
  • Round size: Seed $2M–$3.5M; Series A $10M–$17M; Series B $6.5M–$50M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: May invest from a new fund soon — raised $22M in 2019

Portfolio highlights

  • Semasio (formerly Fyllo) — Semasio is on a mission to power outperformance in a privacy-first world.
  • Kadenwood — Plant-based Wellness Solutions for Every Consumer Segment About Us Kadenwood provides plant-based wellness solutions for every consumer segment. By owning the cannabinoid ingredient supply chain via our EcoGen business, we offer retailers and consumers a strategic cost-of-goods advantage. Each product is carefully formulated with safety and efficacy at the forefront. Our best-in-class brands span critical ...
  • Arrow AI — Posting and boosting content with Arrow is an easy, effective, and affordable marketing plan for any business. Build your business profile. We buy from people we trust. A kick-ass social profile builds the trust that builds your business.
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Altitude Investment Management
VC Fund · New York, New York, United States · 4 investments in Cannabis startups

INVESTING IN FOUNDATIONAL COMPANIES IN THE EMERGING GLOBAL CANNABIS INDUSTRY

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Investment focus

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

Investor stats

  • Total investments: 10
  • Round size: Series A $3.4M–$17M; Series B $7.5M–$7.5M; Series C $7M–$28M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: May invest from a new fund soon — raised $8.5M in 2019

Portfolio highlights

  • KannaSwiss — KannaSwiss creates natural CBD solutions designed to relieve pain, increase health, and support a more sustainable level of happiness.
  • Canndescent — Canndescent is a state compliant cultivator of premium cannabis. Canndescent's services include a combination of quality management and deep cultivation expertise and abandons traditional strain names, allowing customers to get cannabis flower produced, packaged, and distributed in accordance with all state and local laws.
  • PathogenDx — Accurate and Flexible Pathogen Testing Technology for Cannabis, Life Sciences, and Food
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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: 1303
  • Round size: Seed $1M–$6.5M; Pre-Seed $250k–$2.5M; Series A $6M–$20M
  • Lead/follow: 2% lead, 98% follow
  • Last fund: Likely actively investing — fresh fund, raised $4.4M in 2026

Portfolio highlights

  • Donna — Meet Donna, the AI assistant built for field sales teams. Save time, cut admin, and close more deals with less effort.
  • Keebler Health — AI-Enabled Coding for Medical Billing Teams
  • Neurometric AI — Making Intelligence Free | https://t.co/ZxWxeMBJt2 | https://t.co/W8nlLqYwQi
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Bullpen Capital
VC Fund · Menlo Park, California, United States · 4 investments in Cannabis startups

Bullpen is a venture capital fund that invests post-seed capital into early stage companies.

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Investment focus

  • Industry: Software, SaaS, Mobile
  • Stage:Series A, Seed, Series B
  • Geography: United States, Canada, Brazil

Investor stats

  • Total investments: 217
  • Round size: Seed $1.5M–$9.8M; Series A $4M–$24M; Series B $4M–$65M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely still investing — raised $3.6M in 2023

Portfolio highlights

  • Atrium — Atrium helps AE, SDR, and CS managers use data to improve team performance. Atrium continuously monitors dozens of key performance indicators for every AE, SDR, and CSM on your team, providing the insights and instrumentation to help managers see around corners and fix issues before they become problems.
  • EDGE Markets — The Financial Platform for Smart Bettors
  • SpeedLabs — The real-time market engine and foundational AI for sports.
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Canopy San Diego
VC Fund · 4 investments in Cannabis startups

Investment focus

  • Industry: Cannabis, Events, Internet
  • Stage:Pre-Seed, Convertible Note
  • Geography: Canada, United States

Investor stats

  • Total investments: 4
  • Round size: Pre-Seed $20k–$60k; Convertible Note $15k–$75k
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • BudTender — BudTender is the cannabis industry-leading customer feedback and reputation management platform. The BudTender platform allows retailers to automatically collect customer feedback, and prompt customers to leave positive online reviews. Retailers are able to easily identify unhappy customers and retain their business while boosting their onlinereputation. BudTender works with 200+ stores across the US, and Canada.
  • EventHi — Create, explore, and experience the exciting new world of cannabis events together. Join the adventure by going to https://t.co/BPOvD16zKM
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Sinai Capital Partners
VC Fund · Los Angeles, California, United States · 4 investments in Cannabis startups

Sinai Capital is a venture capital firm based in New York City. The firm invests in software and internet founders at all stages globally.

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Investment focus

  • Industry: Software, FinTech, Financial Services
  • Stage:Seed, Series A, Series B
  • Geography: United States, Mexico, India

Investor stats

  • Total investments: 143
  • Round size: Seed $500k–$5.9M; Series A $7M–$88M; Series B $25M–$130M
  • Lead/follow: 9% lead, 91% follow
  • Last fund: May invest from a new fund soon — raised $500M in 2021

Portfolio highlights

  • Galvanick — Secure industrial operations. Galvanick's industrial-first Extended Detection & Response (XDR) platform secures industrial systems and networks against cyber attacks.
  • Volition — Volition is the largest marketplace of industrial components, built just for hardware teams. We make it easy to find and purchase off-the-shelf parts.
  • Checkmate Savings, Inc. — Never miss a deal.
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Liquid 2 Ventures
VC Fund · San Francisco, California, United States · 4 investments in Cannabis startups

Liquid2 Ventures provides technology startups with seed-stage investments and is based in San Francisco, California. The firm was founded in 2015 by Joe Montana, Mike Miller, and Michael Ma.

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Investment focus

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

Investor stats

  • Total investments: 1212
  • Round size: Seed $1.1M–$9.1M; Pre-Seed $125k–$2.7M; Series A $6M–$45M
  • Lead/follow: 1% lead, 99% follow
  • Last fund: Likely actively investing — fresh fund, raised $12M in 2026

Portfolio highlights

  • Albedo — Aerial quality imagery - from space.
  • Eden — Eden unifies medical imaging operations with clinical AI: PACS, teleradiology, AI-assisted diagnosis and structured reporting, deployed across 2,600+ imaging departments.
  • Vulcan — Frontier AI for government, law, and policy | backed by @ycombinator @generalcatalyst @cubitcapital
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Act One Ventures
VC Fund · Los Angeles, California, United States · 4 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: 117
  • Round size: Seed $1M–$8M; Pre-Seed $700k–$2.6M; Series A $5M–$15M
  • Lead/follow: 34% lead, 66% 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 — Conversational agents, workflows, and AI assistants built for insurance, banking, and lending.
  • 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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Mumbai Angels
VC Fund · Mumbai, Maharashtra, India · 3 investments in Cannabis startups

Find the best online casino in India for real money in 2026. Compare bonuses, UPI payments, and withdrawals. Play smarter, start here.

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Investment focus

  • Industry: Software, E-Commerce, Food and Beverage
  • Stage:Seed, Angel
  • Geography: India, United States, Singapore

Investor stats

  • Total investments: 234
  • Round size: Seed $324k–$3M; Angel $115k–$1M
  • Lead/follow: 49% lead, 51% follow
  • Last fund: May invest from a new fund soon — last raise in 2014

Portfolio highlights

  • WittyParrot — Is a sustainable and innovative company that provides residential & commercial waste collection services to rural America.
  • Insta Health — Insta by Practo is the best software for the Hospital Management System. It empowers you with a platform to run financial, clinical & operational processes
  • The Parfait Co — The Parfait Co is a Mumbai-based dessert maker and manufacturer. Launched by Sharmeen Indorewala in October 2014, The Parfait Co offers a menu of twelve flavours of French style parfait, a frozen dessert made of whipped cream, eggs, and fruit.
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Global Founders Capital
VC Fund · Berlin, Berlin, Germany · 3 investments in Cannabis startups

Over the past two decades, GFC have backed over five hundred entrepreneurs worldwide, e.g. Facebook, LinkedIn, Slack, and Away Travel.

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Investment focus

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

Investor stats

  • Total investments: 1090
  • Round size: Seed $1.3M–$9M; Pre-Seed $575k–$5M; Series A $5M–$30M
  • Lead/follow: 25% lead, 75% follow
  • Last fund: May invest from a new fund soon — raised $2B in 2018

Portfolio highlights

  • sevDesk — Deutschlands beliebteste Buchhaltungssoftware: Rechnungen& Angebote erstellen, Buchhaltung erledigen, Kunden- &Lagerverwaltung u.v.m.
  • Cambridge Aerospace — Our mission is to eliminate the risk of existential war in Europe.
  • Arrakis Technologies — Arrakis partners with ambitious companies to deploy secure AI in production, taking them from experimentation to real-world impact at warp speed.
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New York Angels
VC Fund · New York, New York, United States · 3 investments in Cannabis startups

New York Angels is one of the oldest, most prominent angel investment groups in the country. New York Angels has offered early-stage entrepreneurs funding, mentoring, connections and more for over 20 years. Angel investors join New York Angels for their extensive, experienced network, increased de

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Investment focus

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

Investor stats

  • Total investments: 369
  • Round size: Seed $365k–$5M; Series A $1.1M–$10M; Series B $2M–$15M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: Likely still investing — raised $2.4M in 2022

Portfolio highlights

  • Enertiv — Enertiv's is a CRE technology company that transforms building data into asset value. Top owners and operators have adopted Enertiv as their primary smart building technology and a key component in their overall PropTech strategy.
  • Epicured — Epicured delivers gourmet low-FODMAP, gluten-free meals by chefs for digestive health. Tasty cuisine right to your door.
  • Skyfire AI — Drone automation and AI, from America's most trusted public safety UAS experts.
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Brand New Matter
VC Fund · Darien, Connecticut, United States · 3 investments in Cannabis startups

Brand New Matter is an early stage venture capital firm.

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Investment focus

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

Investor stats

  • Total investments: 17
  • Round size: Seed $2.4M–$5M; Series A $10M–$11M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • Selfr — A no-code modern data stack for your cloud data warehouse
  • Qonsent — Qonsent is a consumer-first platform for dynamic consent. For the first time, consumers will have direct access and control of their personal data that brands collect and store about them.
  • Futurestay — Futurestay's award-winning platform empowers anyone, anywhere to build a successful short-term rental business.
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FJ Labs
VC Fund · New York, New York, United States · 3 investments in Cannabis startups

FJ Labs is a stage-agnostic investment firm that focuses on marketplaces and consumer facing startups.

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Investment focus

  • Industry: Software, E-Commerce, Financial Services
  • Stage:Seed, Series A, Series B
  • Geography: United States, Brazil, United Kingdom

Investor stats

  • Total investments: 1747
  • Round size: Seed $1.2M–$9.7M; Series A $5M–$30M; Series B $11M–$65M
  • Lead/follow: 4% lead, 96% follow
  • Last fund: May invest from a new fund soon — raised $5.5M in 2016

Portfolio highlights

  • HUNTY — HUNTY is a platform that help people find jobs by connecting them with world class mentors who prepare them for the job search process. And people only pay when they get hired.
  • Lastro — Lastro is building Lais, an autonomous AI worker for real estate agencies, starting in Brazil. Our AI agent initially automated lead engagement and qualification via WhatsApp, helping brokerages boost revenue and improve marketing ROI. In each brokerage, Lais acts as a personalized AI “team member” that engages with leads instantly, searches forproperties and answers common inquiries. Brokerages that have Lais in their teams are growing quickly and reporting up to 60% increases in lead conversion rates.
  • Wash Wise — Meet Reset Spray: the dry shampoo for clothes. Refresh lightly worn garments in seconds by neutralizing odors, lifting away sweat and body oils, and releasing wrinkles between washes.
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Ceres Group Holdings
VC Fund · Los Angeles, California, United States · 3 investments in Cannabis startups

CERES is partnering with leading innovators to create value and drive growth in emerging industries.

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Investment focus

  • Industry: Cannabis, Sales, Retail
  • Stage:Convertible Note, Series A
  • Geography: United States

Investor stats

  • Total investments: 3
  • Round size: Convertible Note $5M–$5M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Pure Beauty — Pure Beauty is an independent cannabis brand based in Los Angeles, California.
  • Pure Beauty — Pure Beauty is an e-commerce platform that offers products in different categories.
  • Bespoke Financial — Bespoke Financial is a licensed lender supporting cannabis companies. They alleviate working capital constraints across the entire cannabis supply chain. Bespoke supports their clients as they scale and grow with unique financing solutions and cannabis business loans.
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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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Emles Venture Partners
VC Fund · New York, New York, United States · 3 investments in Cannabis startups

Emles Venture Partners is a venture capital company.

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Investment focus

  • Industry: Software, Financial Services, FinTech
  • Stage:Seed, Series A, Series B
  • Geography: United States, India, Mexico

Investor stats

  • Total investments: 24
  • Round size: Seed $1.5M–$9.5M; Series A $10M–$17M
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • Canix — Seed-to-sale cannabis software and cannabis ERP for marijuana cultivators, manufacturers and distributors. Metrc approved inventory compliance tracking.
  • AirMyne — AirMyne is building a machine to remove carbon dioxide from atmospheric air at industrial scale. Based in Berkeley, California and backed by Y Combinator and investors from around the world, our team is on a mission to make Direct Air Capture a reality.
  • Seabound — Seabound's carbon capture method allows professionals to process carbon dioxide on land. The limestone produced by the reaction can be sold directly, or it can be heated to separate carbon dioxide to generate calcium oxide for secondary recycling, and the carbon dioxide will be stored or sold.
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Rose Capital
VC Fund · Greenwich, Connecticut, United States · 3 investments in Cannabis startups

Rose Capital is a leading investment firm in the emerging legal cannabis sector. We understand the intricacies of public and private investment as well as the challenges and complexity of this explosive market.

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Investment focus

  • Industry: Cannabis, AgTech, Consumer
  • Stage:Seed, Series A, Series B
  • Geography: United States

Investor stats

  • Total investments: 5
  • Lead/follow: 20% lead, 80% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • Eaze — Get the best THC and CBD products delivered same-day with Eaze. Shop flower, vapes, edibles, and joints from legal marijuana brands. Free, fast weed delivery for first-time customers.
  • Thrive Agritech — High-efficiency LED grow lights engineered for maximum yield and ROI in commercial indoor farming.
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WGD Capital
VC Fund · Palo Alto, California, United States · 3 investments in Cannabis startups

WGD Capital invests in early- and expansion-stage private companies.

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Investment focus

  • Industry: Cannabis, SaaS, Software
  • Stage:Seed, Series A, Convertible Note
  • Geography: United States, Canada, United Kingdom

Investor stats

  • Total investments: 13
  • Round size: Seed $1.5M–$5.4M; Series A $2.8M–$5.8M
  • Lead/follow: 15% lead, 85% follow
  • Last fund: Likely still investing — raised $785k in 2022

Portfolio highlights

  • Headset — Retail & market insights for cannabis retailers, product manufacturers, CPGs, processors, growers & all ancillary services.
  • Katalys — Katalys is a partnership marketing technology platform that provides Brands and Publishers with a better way to generate revenue in the performance marketing channel. Formed out of the recent merger between RevOffers, a ‘cookieless’ graph attribution technology, and the embedded commerce innovation of 1o.io, Katalys is set on a course to disruptthe digital marketing landscape.Katalys' disruptive innovation in the performance marketing space is an embedded commerce technology that allows consumers to transact at any point of product discovery. This includes the ability to complete an eCommerce transaction inside a display advertisement, in-app, in-video, blog post, social media platforms, and even inside a VR/AR environment.
  • Elevated Signals — Elevated Signals builds manufacturing operations software for regulated industries like cannabis, nutraceuticals, food, and beverage. As an alternative to rigid ERPs and fragile spreadsheets, its GMP-ready platform connects inventory, quality & compliance, planning, and costing into one easy-to-use system - empowering teams to plan smarter, actfaster, and scale with confidence.Purpose-built for complex, fast-growing operations, the platform supports vertically integrated producers, white-label and co-manufacturers, and GMP-ready, export-focused facilities that need airtight traceability and flexibility. It's used across teams: operations and QA capture production floor data in real time, while finance, compliance, sales, and planning rely on it for informed decision-making and audit readiness.It provides:- Real-time visibility into materials and processes - Embedded quality assurance and compliance - A structured but adaptable system that supports how manufacturers actually workFeatures available:- Inventory Management - Work Orders & Production Tracking - SKU & Product Management - Vendor & Procurement Management - Production Planning (New Module) - Embedded Quality Assurance (QA) - Traceability & Compliance - Role-Based Access & Permissions - Reporting & Export Tools
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Cannabis VC funding at a glance

Stats across 984 deals from 851 investors.

851
investors
in Cannabis startups
984
deals
in Cannabis startups
$4.3M
median round
in Cannabis startups
46%
lead investors
lead at least one round
22%
Seed
most common funding stage

Access all 851 VC funds in Cannabis startups.

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