What is Bespoke Financial?
Bespoke Financial, established in 2018 and based in Santa Monica, CA, specializes in providing crucial financial solutions for cannabis companies. The firm offers Invoice Financing and Inventory Financing, enabling businesses in this sector to quickly and reliably secure the cash needed to cover operational expenses or acquire inventory. This strategic focus addresses a critical need within the cannabis industry for flexible and accessible working capital, positioning Bespoke Financial as a key enabler of growth and stability for its clients.
How much funding has Bespoke Financial raised?
Bespoke Financial has raised a total of $140M across 3 funding rounds:
Angel/Seed
$7M
Series A
$8M
Debt
$125M
Angel/Seed (2019): $7M with participation from Heartwood Partners, Casa Verde Capital, Outbound Ventures, and Greenhouse Capital Partners
Series A (2021): $8M led by Sweat Equity Ventures, Ceres Group Holdings, Philip Barach, Casa Verde Capital, Robert Stavis, and Greenhouse Capital Partners
Debt (2021): $125M, investors not publicly disclosed
Key Investors in Bespoke Financial
Heartwood Partners
Heartwood Partners is an investment firm focused on partnering with family and management-owners, providing strategic and financial guidance to support long-term growth and expansion.
Casa Verde Capital
Casa Verde Capital is a venture capital firm exclusively focused on the cannabis industry, investing in scalable businesses led by world-class management teams.
Greenhouse Capital Partners
Greenhouse Capital Partners is a growth capital firm investing in companies promoting health and sustainability within Food, Agriculture, Industrials, and the Environment sectors.
What's next for Bespoke Financial?
The recent major strategic investment signifies a pivotal moment for Bespoke Financial, likely enabling the company to scale its operations, expand its service offerings, and further penetrate the burgeoning cannabis market. This substantial capital infusion suggests a transition into a more mature growth phase, potentially allowing for technological advancements, enhanced customer acquisition strategies, and broader market reach. Bespoke Financial is poised to leverage this backing to solidify its position as a leading financial partner for cannabis enterprises.
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