Jane Technologies, Inc., a Santa Cruz, Calif.-based retail software company that created an online cannabis marketplace, secured $21m in Series B funding.
The round was led by Nick Deans of Pakala Jane Partners, with participation from Delta Emerald Ventures and Gotham Green Partners.
The company intends to use the funds to:
– continue to advance its e-commerce platform of more than 150,000 products with real-time integration into point-of-sale systems
– expand its online marketplace to international vendors,
– bolster its data analytics platform, and
– deliver data to other industries.
Led by Founder and Chief Executive Officer Socrates Rosenfeld, Jane Technologies is a retail technology company that created iheartjane.com — a cannabis industry online marketplace, which allows users to browse local products in real-time, compare by price, proximity or popularity and place orders at local stores for free. The company is currently in partnership with more than 700 stores across 21 states.
In October 2018, Jane announced $6m in Series A funding, which enabled the tech company to grow its technological advances and data analytics while providing consumers an optimized shopping experience.