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x-post /r/weedstartups

The Wall Street of venture capital has been slow to invest in cannabis but that is clearly changing.

The total of private capital moved into the cannabis business reached almost $2 billion between January 2016 and April 2017...more than $730 million was raised in the first four months of 2017 alone.

  • San Francisco-based Founders Fund, co-founded by Peter Thiel, investing in Seattle-based Privateer Holdings, which focuses on marijuana businesses
  • Y Combinator investing in Confident Cannabis, a company that creates software for marijuana-testing labs, and Meadow, which provides software for dispensaries and delivery services. Y Combinator helped fund development of Airbnb and Dropbox.
  • DCM Ventures, with offices on Sand Hill Road for two decades, investing in San Francisco-based marijuana delivery company Eaze.
  • Sand Hill Angels Inc. recently put $200,000 in Tradiv, a wholesale marijuana online marketplace.

http://ift.tt/2sHQJQC



Submitted June 09, 2017 at 10:12AM by twoambien http://ift.tt/2rUqM0f

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