Leaf Trade Closes $12.5M Series B Round, And Names Brian Ward Cfo

Apr 12, 2022•over 3 years ago

Amount Raised

$12.5 Million

Round Type

series b

Chicago

Description

Leaf Trade, a technology company whose platform facilitates ordering and fulfillment for sellers and buyers of wholesale cannabis products, closed its $12.5 million Series B preferred round, led by Artemis Growth Partners, bringing funding to date for Leaf Trade to a total of $22.5 million.

Company Information

Company

Leaf Trade

Location

Chicago, Illinois, United States

About

Leaf Trade is the fastest-growing B2B cannabis technology platform powering the industry's leading wholesale cannabis marketplace and digital payment infrastructure. Leaf Trade powers ordering and fulfillment for cultivators, retailers, distributors, processors, and dispensaries in over 24 states, and facilitates nearly $2B in annualized net sales. Leaf Trade is partnered with the leading multi-state and single-state operators who are driving cannabis growth at an industry expansion rate of over 25% per year. Market revenues for the overall US cannabis market are expected to exceed $60 billion by 2025.

Funding Insights

Based on industry data

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Leaf Trade Closes $12.5M Series B Round, And Names Brian Ward Cfo

Description

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Funding Insights

Company Information