This is the Dutchie pitch deck to raise a $35m series-b round in 2020.
About
Dutchie is an all-in-one technology platform that powers dispensary operations, provides consumers with safe and easy access, and supports the wave of positive societal change that cannabis is bringing to the world.
Cannabis ecommerce startup Dutchie closed a $35 million funding round, the company said on Tuesday. The round included mainstream funds, like Josh Kushner’s Thrive Capital and Kevin Durant’s Thirty Five Ventures, as well as Casa Verde Capital, a cannabis-focused fund, and Howard Schultz, the billionaire Starbucks founder.
The Bend, Oregon-based company uses software to connect cannabis consumers — who can order from the comfort of their own homes — to local dispensaries in their area.
CEO Ross Lipson, one half of the pair of brothers that runs the startup, previously founded a food delivery startup he sold to Just Eat in 2012. Lipson said that while Dutchie has some similarities to his previous ecommerce business, working in cannabis is a totally different ballgame.
“The food space has been around for a long time,” Lipson told Business Insider. “There are many players that have defined it and we’re just kind of adding on. We actually have this unique opportunity being in cannabis with such a brand new industry, and it’s evolving so fast that we get to define it.”
Mainstream VCs are warming up to the cannabis industry
Thrive Capital, for its part, is one of the few mainstream venture funds that has invested in the cannabis tech space, having invested in LeafLink last year.
“I think VCs are warming up to the cannabis space,” Lipson said. “Especially on the tech side. But it’s moving slow.”
Funding Rounds
| Announced Date | Transaction Name | Number of Investors | Money Raised | Lead Investors |
| Mar 16, 2021 | Series C – Dutchie | 7 | $200M | Tiger Global Management |
| Aug 18, 2020 | Series B – Dutchie | 4 | $35M | Thrive Capital |
| Sep 10, 2019 | Series A – Dutchie | 5 | $15M | Gron Ventures |
| Sep 24, 2018 | Seed Round – Dutchie | 3 | $3M | Casa Verde Capital |
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