Hypur Ventures, a Scottsdale, AZ-based venture capital fund dedicated to investing in the legal cannabis industry, launched its new fund.
The maximum size of Hypur Ventures II will be $500m.
Managed by Hypur’s Founder and Managing Director Christopher Galvin, the vehicle will invest across the complex cannabis and hemp supply chain. The objective of the fund is to strategically enhance value through investments in revenue-generating businesses. A portion of the portfolio will focus on mergers, acquisitions and rollup opportunities.
It plans to invest in private companies with seasoned operators to provide growth and acquisition capital for initiatives at various stages of maturity.
Investments may range between $1 million to $25 million.