LeafLink, a New York, Seattle, WA, and Denver, CO-based B2B cannabis e-commerce platform, raised $3M in seed funding.
The round was led by Lerer Hippeau Ventures, with participation from Casa Verde Capital, Phyto Partners, Wisdom VC, and Wan Li Zhu and Paul Ciriello of Fairhaven Capital.
The company, which is currently live in Colorado and Washington, will use the funds to expand its marketplace for cannabis brands and dispensaries into new markets with legal recreational and medical cannabis programs, including California, Nevada, and Oregon, beginning this spring.
Launched in March 2016 by Ryan G. Smith, CEO, LeafLink is a B2B platform for orders, sales and relationship management for cannabis product brands and retailers. It is an ancillary technology business that does not touch, buy or sell cannabis. With LeafLink, Cannabis retailers can place all of their orders in one legally compliant shopping experience. The vendors then manage their incoming orders using the platform’s suite of business tools, including a CRM, data reporting, order status tracking, and fulfillment queue.
Since launching in Colorado in March and in Washington in October, 800 dispensaries have joined the service and placed orders for over 100 cannabis product brands, including Incredibles, CannaPunch, Dixie Elixirs, Wana Brands, ZOOTS, Apothecanna, and Keef Cola. At present, the company is doing $65 Million in orders through the platform on an annual basis.