Simplifya, a Scottsdale, Ariz.-based provider of software for the legalized marijuana industry, completed its Series A financing.
The amount of the deal was not disclosed.
The round was led by Hypur Ventures.
Founded by CEO Marion Mariathasan, Simplifya provides cloud-based software for the legalized marijuana industry, which assists businesses, law firms, consultants, financial institutions and regulatory agencies with monitoring cannabis licensee operations for compliance with state and local regulations.
The funds will be used to launch first in Colorado and later roll out to other states where cannabis has been legalized.