Bespoke Financial, a Los Angeles, CA-based short-term lender focused on the cannabis industry, closed a $7M round of financing.
The round was led by Casa Verde, with participation from Greenhouse Capital Partners, and Outbound Ventures among others.
The company intends to use the funds to enhance its existing online platform and expand to expand its team and marketing efforts.
While currently focused on the California cannabis market, the company has plans into other legal US jurisdictions.
Launched in 2018 by co-founders Benjamin Dusastre, Pablo Borquez-Schwarzbeck and CEO George Mancheril, Bespoke Financial provides an online platform where borrowers in the legal cannabis industry can request short term funds on a real-time basis to reduce cash flow cycles and provide cannabis companies the financial flexibility to realize their true growth potential.