What is Leaf Trade?
Founded in 2016, Leaf Trade operates within the cannabis industry, providing a crucial enterprise software solution that streamlines the purchasing process between dispensaries and cultivators. This B2B platform addresses a key logistical challenge in the cannabis supply chain, facilitating efficient transactions and inventory management. The company's focus on enterprise-level solutions indicates a strategy aimed at capturing a significant share of the market by serving larger, more established players in the regulated cannabis space.
How much funding has Leaf Trade raised?
Leaf Trade has raised a total of $22.5M across 3 funding rounds:
Other Financing Round
$4.5M
Series A
$5.5M
Series B
$12.5M
Other Financing Round (2019): $4.5M with participation from Chingona Ventures, Hyde Park Angels, and Duke Software Investment
Series A (2021): $5.5M led by Artemis Growth Partners and Hyde Park Angels
Series B (2022): $12.5M supported by Artemis Growth Partners
Key Investors in Leaf Trade
Artemis Growth Partners
Artemis Growth Partners is a venture capital firm specializing in impact investing within the global cannabis industry, focusing on ESG principles and sustainable practices. They invest across the cannabis value chain, including branded products, distribution, and research.
Hyde Park Angels
Hyde Park Angels is a venture capital group founded in 2007 and based in Chicago, IL, which focuses on angel investments.
Duke Software Investment
Undisclosed investor participating in the funding round.
What's next for Leaf Trade?
The recent Series B financing, characterized as a major strategic investment, signals Leaf Trade's transition into a scaling phase. This capital infusion is likely to fuel product development, expand market reach, and enhance operational capabilities. The company's trajectory suggests a focus on solidifying its position as a leader in cannabis procurement software, potentially exploring further integrations or expanding into new geographic markets. Continued investment from strategic partners like Artemis Growth Partners indicates confidence in Leaf Trade's business model and its potential for substantial returns within the evolving cannabis landscape.
See full Leaf Trade company page
