Katelyn Baker
Well-Known Member
Getting Bubba Kush or Berry White delivered should soon be getting easier: Eaze, the San Francisco-based medical marijuana delivery company, announced Monday a $13 million funding round.
The firm, which identified itself as a "tech company that happens to be in the cannabis space" to Mashable in a phone interview, launched in 2014 with founder and former Yammer executive Keith McCarty at the helm.
It started delivering just in San Francisco but quickly grew to service the Bay Area and is now available in nearly 100 California cities.
With this latest funding round it looks like Eaze will open up in more markets - but still only in the Golden State for now.
"(Eaze) will use the latest financing to accelerate product innovation, grow its world-class team, and expand its technology to additional markets," the company said in a statement.
The Series B funding came mostly from traditional venture capitalists including DCM Ventures, Tusk Ventures, Winklevoss Capital and Rose Capital. The latest cash infusion brings Eaze's total funding to $25 million, making it "the most funded marijuana technology company."
"Traditional VCs are coming online to the cannabis market," Shiravi said.
The funding comes about two weeks before California votes on Proposition 64, which - if passed - would legalize marijuana for recreational use. Currently only medical marijuana use is legal in the state and apps like Eaze can only serve the medical cannabis community.
For those who haven't used the weed delivery service, here's how it works: Californians with a medical marijuana card can order various products through the site or app, browse through the many varieties, pay for it online and have a delivery person drop it off in about 20 minutes.
Eaze works with dispensaries around the state and says they have about 200,000 patients using the service.
News Moderator: Katelyn Baker 420 MAGAZINE ®
Author: Sasha Lekach
Photo Credit: Eaze
Website: Mashable
The firm, which identified itself as a "tech company that happens to be in the cannabis space" to Mashable in a phone interview, launched in 2014 with founder and former Yammer executive Keith McCarty at the helm.
It started delivering just in San Francisco but quickly grew to service the Bay Area and is now available in nearly 100 California cities.
With this latest funding round it looks like Eaze will open up in more markets - but still only in the Golden State for now.
"(Eaze) will use the latest financing to accelerate product innovation, grow its world-class team, and expand its technology to additional markets," the company said in a statement.
The Series B funding came mostly from traditional venture capitalists including DCM Ventures, Tusk Ventures, Winklevoss Capital and Rose Capital. The latest cash infusion brings Eaze's total funding to $25 million, making it "the most funded marijuana technology company."
"Traditional VCs are coming online to the cannabis market," Shiravi said.
The funding comes about two weeks before California votes on Proposition 64, which - if passed - would legalize marijuana for recreational use. Currently only medical marijuana use is legal in the state and apps like Eaze can only serve the medical cannabis community.
For those who haven't used the weed delivery service, here's how it works: Californians with a medical marijuana card can order various products through the site or app, browse through the many varieties, pay for it online and have a delivery person drop it off in about 20 minutes.
Eaze works with dispensaries around the state and says they have about 200,000 patients using the service.
News Moderator: Katelyn Baker 420 MAGAZINE ®
Author: Sasha Lekach
Photo Credit: Eaze
Website: Mashable
