Cannabi-Tech Closes $1M Seed Funding Round

cannabitechCannabi-Tech Ltd., an Israel-based provider of lab-grade medical cannabis quality control testing systems, closed a $1m seed funding round.

Backers included the Agrinnovation fund, managed by Dr. Ido Schechter and backed by Yissum, the technology transfer company of the Hebrew University, Daniel Furman, Cannabi-Tech’s new chairman and founder of Arba Finance, an investment banking boutique, Pavel Ezekiev, who has also joined as a director, a founding partner of NEVEQ, the early stage venture capital fund backed by London-based EBRD and EU’s European Investment Fund.

The company intends to use the funds for the North American launch of its testing platform.

Led by Dr. Guy Setton, CEO and co-founder, and Chief Scientific Officer Professor Oded Shoseyov, Cannabi-Tech has developed a testing platform for medical cannabis labs and dispensaries. The system features patented optical testing and advanced imaging tools for medical marijuana flowers, along with integrated cloud database, sorting and labeling systems, traceable packaging, mobile apps, etc.



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