Dutchie outfits dispensaries with technology
Dutchie, which outfits dispensaries with the technology and tools needed to provide safe and easy access to cannabis, raised its largest funding to date, $200 million in a Series C, to value the company at $1.7 billion.
Tiger Global led the round and was joined by new investors Dragoneer and DFJ Growth, as well as existing investors Casa Verde Capital (co-founded by Snoop Dogg, whose investments we profiled here), Thrive Capital, Gron Ventures and Howard Schultz. The new funding gives Bend, Oregon-based Dutchie $253 million in total funding since being founded in 2017, according to Crunchbase data. It previously raised a $35 million Series B round last August.
“This round is one of the largest in cannabis and a landmark round that brings top-tier people to the space,” Ross Lipson, Dutchie co-founder and CEO, told Crunchbase News. “The industry is bringing change, and it’s a beautiful opportunity to be a part of it.”
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