New York-based equity firm Tuatara Capital, which launched last year and is looking to make investments in cannabis-related companies, recently completed a fundraising round of nearly $26 million, according to public documents filed with the Securities and Exchange Commission.
The move represents one of the largest private investment raises in industry history and highlights the growing interest of mainstream investors in the cannabis space. It comes on the heels of a $75 million round of funding that private equity firm Privateer Holdings wrapped up earlier this year.
According to the SEC filing, Tuatara Capital raised a total of $25.75 million from 51 separate investors. The firm used $400,000 of that as compensation for company executives.
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