2 SaaS Startups in the Cannabis Industry

January 24, 2023

SaaS startups have become the darling of Venture Capital investors, especially in the Cannabis industry. Over the past decade, software has proverbially “eaten the world” and SaaS companies have scaled to become unicorn corporations in staggering amounts of time.

In this article, we are examining 2 VC funded SaaS startups in the Cannabis industry.

LeafLink

Cannabis companies and merchants may interact with each other using LeafLink, a wholesale management platform. Brands and businesses who want to make ordering simpler, communicate more clearly, and spend less time on busywork might benefit from it. LeafLink has developed a centralized sales engine to assist merchants in managing and expanding their business. This engine includes a powerful online marketplace, CRM, and order management capabilities. With its corporate headquarters in New York, New York, LeafLink was established in 2015. It provides services to 3,500 stores and over 1,200 brands in 22 US and Canadian jurisdictions.

Company details:
Founders:
Ryan Smith, Zach Silverman
Founded:
2015
Based in:
New York, New York, United States
Website:
LeafLink
Industries:
B2B, Cannabis, Marketplace, SaaS, Wholesale
Latest funding:
$40,000,000
Series C
21 July 2021
Total funding:
$379,000,000
Investors
RIV Capital, Founders Fund, 9Yards Capital, Thrive Capital, Lerer Hippeau

Simplifya

To assist guarantee that the cannabis industry complies with regulatory requirements, Simplifya creates a cloud-based Software-as-a-Service application for usage on the web, mobile devices, and tablets. Users of the program may check and keep track of licensee activities for adherence to national, state, and local laws, as well as monitor the compliance status of their company and add more users, locations, and licenses as their business expands. The business supports cannabis companies, legal offices, consultants, financial institutions, and regulatory authorities by keeping an eye on licensee activities to make sure they comply with state and local legislation.

Company details:
Founders:
Marion Mariathasan, Rick Matsumoto
Founded:
2016
Based in:
Denver, Colorado, United States
Website:
Simplifya
Industries:
Cannabis, Compliance, Consulting, Information Technology, Mobile, Mobile Apps, SaaS, Software
Latest funding:
$6,000,000
Series B
18 June 2021
Total funding:
$7,000,000
Investors
Merida Capital Holdings

Find clients who just raised new funding

Receive a lead list of hundreds of companies that just raised funding to scale their business every month straight to your inbox.

subscribe
subscribe