Phyto Partners, a Boca Raton, Fla.-based cannabis investment firm, is launching a third cannabis-focused private equity fund.
Led by Managing Partner Larry Schnurmacher, the firm plans to leverage its industry expertise to source early and later stage privately held companies that solve critical industry challenges.
Phyto is targeting a $50 million fund and is open to investor inquiries from Accredited investors. Phyto’s first two funds invested in some of the industry’s demonstrated market leaders including Leaflink, Flowhub, Wurk, Vangst and Front Range Biosciences.
The firm has created an ecosystem of investments in the cannabis industry from cultivation equipment to physician clinic networks. Phyto also focuses on technology solutions and big data engines that are able to help the industry understand the consumer and overcome its early growing pains.