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”: http://techcrunch.com/2016/04/05/from-farm-to-joint/