Cannabis Software Company Meadow Raises $2.1mm

meadow saas

TechCrunch is reporting that Meadow has raised an additional $2.1mm from an eclectic group of investors that includes cannabis-focused Poseidon Asset Management as well as an additional investment by Y Combinator and participation from Reddit’s Steve Huffman, Slow Ventures, SOMA Capital and several other more traditional investors. Meadow was the first cannabis-related company to participate in Y Combinator. Headed by entrepreneur David Hua, the company has gone deeper into the services it provides to the industry.  It had initially focused just on delivery services, but now it offers more software services to its dispensary customers to help them run their business and also enables patients to use telemedicine to attain a physician recommendation. Competitor Eaze reports raising over $12mm, a sign that tech companies focused on cannabis are able to attract investors.

Read Josh Constine’s “Marijuana deliverer Meadow rolls up $2.1M for dispensary sales software”:

Published by NCV Newswire
NCV Newswire
The NCV Newswire by New Cannabis Ventures aims to curate high quality content and information about leading cannabis companies to help our readers filter out the noise and to stay on top of the most important cannabis business news. The NCV Newswire is hand-curated by an editor and not automated in anyway. Have a confidential news tip? Get in touch.

Get Our Sunday Newsletter