Treez Secures $51 Million In Series C Funding, Now Valued At $260 Million, Driven By Rapid Growth
04/20/22, 11:52 AM
Location
Money raised
$51 million
Round Type
series c
Treez (www.treez.io), the leading enterprise cloud commerce platform that powers retail and supply chain operations for the cannabis market, today announced completion of a $51 million Series C funding at a valuation in excess of $260 million.
Company Info
Location
san francisco, california, united states
Additional Info
The company has recently expanded into two state regulated markets, and now supports retailers in eight states. Through its innovative technology for retailers and brands, the company provides a robust breadth and depth of software solutions required to operate a successful modern dispensary. The innovative platform also connects essential brands with their retailers through a centralized brand catalog with real-time market insights. The extensible open API platform provides smooth integration into a variety of best-of-breed solutions, including CRM, marketplace, cashless payments and data analytics across the partner ecosystem, giving retailers everything they need to grow their business. Treez will use the funding to fuel its aggressive sales growth, accelerate product innovation, including developing new payments and advanced analytics solutions, enhance the functionality of its open cloud commerce platform for single-store and multi-store operators, and expand its geographic reach. Treez was also one of the few cannabis technology companies to achieve a successful SOC 2 Type 1 audit earlier this year, demonstrating the company's commitment to compliance and customer data security. Treez is the leading enterprise cloud commerce platform that streamlines retail and supply chain operations within the cannabis market.