Cannabis E-Commerce Platform, Dutchie Hauls In $15 Million Series A Funding From Star-Studded Investors Like Seth Kleiman, Snoop Dogg, and Kevin Durant

Dutchie is engaged as an e-commerce platform focusing on connecting cannabis dispensaries with consumers. The platform enables adult cannabis users to purchase product for pickup or delivery. Founded in 2017, Dutchie is based out of Bend, Oregon. Through partnering up with top dispensaries, Dutchie’s platform aims to streamline the cannabis purchasing process, while also giving retailers a chance to take advantage of online e-commerce capabilities. Dutchie is in hyper-growth, facilitating over $140 million in Annualized GMV with over 450 dispensaries across 18 states now using the platform,” according to the company

The cannabis e-commerce platform hauled in $15 million in Series A funding round, which was led by Gron Ventures, and saw participation from a star-studded group of investors: Snoop Dogg’s Casa Verde Capital, Kevin Durant and Seth Kleiman’s Thirty Five Ventures, Shuttershock founder/CEO Jon Oringer, Sinai Ventures, DoorDash founders and executives, and more. The Series A funding brings Dutchie’s total funding obtained to $18 million since its founding. The proceeds will be utilized to continue development, expanding features, growing dispensary footprint, and increase the startup’s workforce. Here is the full press release detailing of the Series A round:

Dutchie Press Release:

BEND, OR, Leading e-commerce platform for cannabis pickup and delivery, closed a $15 million Series A round.

Dutchie, the leading e-commerce platform for cannabis pickup and delivery, closed a $15 million Series A round supported by a powerhouse group of investors, including:

-Led by Gron Ventures
-Snoop Dogg’s Casa Verde Capital
-Kevin Durant’s and Rich Kleiman’s Thirty Five Ventures
-Sinai Ventures
-Shutterstock founder and CEO Jon Oringer
-DoorDash founders and early executives

“We’re thrilled to have such a great group of investors to help guide us through this next phase of the business,” said Ross Lipson, CEO and co-founder, Dutchie. “Scaling a company has its share of challenges, especially in an emerging new industry; however, having seasoned investors in our corner who can lend their experience and expertise will help us take Dutchie to the next level.”

Dutchie is in hyper-growth, facilitating over $140 million in Annualized GMV with over 450 dispensaries across 18 states now using the platform. This latest round of funding brings the total investment to $18 million which will support the hiring of top talent, developing new product features and rapidly expanding their customer base.

“We see the opportunity in cannabis e-commerce as nothing short of generational, so it’s a vertical we’ve studied intensively since launching our fund,” said Wilder Ramsey, Managing Partner at Gron Ventures. “Dutchie’s remarkable growth is a product of the value it is adding to dispensaries as a revenue driving partner, and a majority of leading multi-state operators are already on the platform.”

As well known cannabis brands and retail operations begin to emerge, services that can successfully connect consumers to their favorite products will play an increasingly important role in the industry. “We’re witnessing a unique inflection point in the cannabis industry, and it is abundantly clear that on-demand e-commerce will play a critical role in the market” said Karan Wadhera of Casa Verde Capital. “Dutchie has established itself as a leader in the space and we are thrilled to continue supporting Ross and the team.”

About Dutchie
Dutchie is an online ordering platform allowing consumers to purchase cannabis products from dispensaries for pickup or delivery. Founded in 2017, Dutchie created the easiest way to buy cannabis products from your favorite dispensaries and have them available for pickup or delivered right to your door. Partnering with top dispensaries, Dutchie offers the stores helpful tools to sell online and provides pickup and delivery services to their customers. For more information, please visit www.dutchie.com.

The post Cannabis E-Commerce Platform, Dutchie Hauls In $15 Million Series A Funding From Star-Studded Investors Like Seth Kleiman, Snoop Dogg, and Kevin Durant appeared first on Spotlight Growth.

Source: SpotLight Growth Canabis
Cannabis E-Commerce Platform, Dutchie Hauls In Million Series A Funding From Star-Studded Investors Like Seth Kleiman, Snoop Dogg, and Kevin Durant
SpotLight Growth Canabis

Matt Rego
Matt is the Founder and CEO of Spotlight Growth. Prior to launching Spotlight Growth, Matt worked six years within the investor relations industry, most recently serving as Vice President of Sales and Marketing at Global Discovery Group, Inc. In addition, Matt has been a financial writer and analyst since 2010 and investing in the stock market since 2007. Articles and content have appeared on well-known financial websites, such as: Investopedia, Google Finance, Yahoo Finance, ValueWalk, Minyanville, Seeking Alpha, CBS MoneyWatch, Investment Underground, Emerging Growth, Blasting News, GenYWealth, and more. In addition, Matt has received an honorable mention in Barrons’ and the New York Post. Matt graduated from the University of Minnesota with a Bachelor’s Degree in Finance.

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