MJ Freeway, a Denver, CO-based provider of software solutions and services for legal cannabis businesses, raised $8m in Series B financing.
Backers include Roger McNamee and Tao Capital Partners.
The company will use the funding to invest in product development, and growing its sales team and business services.
Founded in 2010 and led by Amy Poinsett, CEO and Co-Founder, and Jessica Billingsley, COO and Co-Founder, MJ Freeway provides cannabis business tracking software including patent-pending inventory control and grow management applications to streamline workflow and increase efficiency.
Its Leaf Data Systems software solution enables governments to track cannabis plants from seed-to-sale and ensure patient, public and product safety.
The company, which also offers SuccessMap, a suite of professional services for cannabis businesses, has clients in 23 states, the District of Columbia, Canada, Europe, South America, and Australia.