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Viola Raises $250M For Early-Stage Deals In Israel

Jan 19, 2022over 3 years ago

Amount Raised

$250 Million

Los AngelesFood And BeverageHealth Care

Description

The sixth fund for the venture firm follows a record year for Israeli tech in which Viola Ventures saw eight companies in its portfolio reach unicorn status.

Company Information

Company

Viola

Location

Los Angeles, California, United States

About

Viola is the leading Black-owned producer and licensed wholesaler of premium cannabis products rooted in purpose. Founded in 2011, NBA veteran Al Harrington was inspired to launch the brand by his grandmother, Viola, who suffers from glaucoma and diabetes and found solace in cannabis remedies. The brand integrates the latest cutting-edge technology with its own proprietary processes designed for every stage of cultivation, extraction and production. Viola is known for its wide variety of product offerings, from high-quality flower to premier butane extracts. From regulation to representation and reform, Viola's mission is to create opportunities for communities of color in the cannabis industry.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech