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Headset Completes $8.6M Of Financing, Further Cementing Position As The Market Analytics Leader In Cannabis

Nov 30, 2021•almost 4 years ago

Amount Raised

$8.6 Million

Seattle

Description

Headset, the leading provider of data and analytics to the cannabis industry, announced today that it has raised $3M of new capital led by Althea, a private equity investment firm. Other participating investors are Poseidon Investment Management, a leading investor in the legal cannabis and hemp industries and WGD Capital, L.P., a cannabis focused venture fund. As part of this financing, Headset also converted $5.6M of bridge notes previously issued in August 2020 and April 2021. Headset's unmatched scale of retail data is leveraged by thousands of organizations to make smarter decisions when it comes to the cannabis industry and this round of capital will enable them to expand that reach.

Company Information

Company

Headset

Location

Seattle, Washington, United States

About

Headset is a data analytics company in the cannabis industry with a mission to help businesses make better-informed decisions through data. Headset focuses on collecting and analyzing consumer transaction information. Headset's models and dashboards help cannabis retailers better optimize their day-to-day operations. In addition, product manufacturers, processors and distributors leverage the aggregated, standardized and anonymized receipt-level sales data in real-time to identify trends and opportunities, stay competitive and collaborate with retail customers. Learn more at https://www.headset.io/.