In this article, in our series on VC’s of cannabis, we take a look inside Casa Verde.
Casa Verde
With Snoop Dogg as founder, its no surprise that Casa Verde is one of the best known VC’s investing in Cannabis startups. The fund is invested in California-based Eaze, that is sometimes referred to as the ‘Uber’ of the marijuana business and possibly one of the most successful cannabis businesses to date. They invest in ‘scalable, capital efficient businesses, led by world-class management teams, addressing long-term market needs’.
Based in Los Angeles and founded in 2015, Casa Verde Capital has raised a single venture fund. This fund was announced on Jan 3, 2018 and raised a total of $45M. They specialise in seed investments in the ancillary ecosystem. This includes, but is not limited to, agtech, health & wellness, financial services, technology, media, compliance and laboratory technology.
Portfolio
Some companies in the portfolio include;
Dutchie
Dutchie raised $3 million in a seed round from Casa Verde Capital. With dutchie you can search the top cannabis stores, find the best products, place an order online, and pick it up or have it delivered in under an hour. The company have signed on 50 dispensaries in Oregon to help prove out the product.
GreenTank
Green Tank Technologies raised $4.3 million in a seed round from Casa Verde. They offer industry-leading, game-changing vape hardware delivering the full flavor and maximum terpene profiles for their customers premium oil extractions.
Greenbits
Greenbits is a complete cannabis retail platform. They provide business solutions that make regulated retail safer, smarter, and easier. Greenbits serves more retailers, processes more transactions, and rings more sales than any other retail platform in the industry. They closed a $23 million Series B funding round, led by Tiger Global Management and Casa Verde Capital.
Eaze
Eaze is an online marketplace and technology platform that helps provide legal access to cannabis through safe and convenient delivery. This was one of Casa Verde’s early investments when they took part in a $10 million Series A raise in 2015.
Indose
Last year Indose closed a $3.5 million Series A round led by Casa Verde Capital. They supply vaping technology that allows the user to take control of their vaping experience through first-of-its-kind custom microdosing.
Bespoke Financial
Bespoke Financial is a licensed lender supporting cannabis companies. They alleviate working capital constraints across the entire cannabis supply chain. Casa Verde led the latest $7 million in financing round.
As both the USA and international markets continue to evolve and mature, Casa Verde maintains a view that cannabis will be among the most compelling investment themes of our generation.
