Hound Labs Inc., an Oakland, CA-based creator of a dual marijuana and alcohol breathalyzer, closed a $30m Series D financing.
The round was led by Intrinsic Capital Partners with participation from NFP Ventures and Main Street Advisors, as well as existing investors Icon Ventures and Benchmark.
The company intends to use the funds to accelerate manufacturing and commercial availability.
Founded in 2014 by Dr. Mike Lynn, CEO and co-founder, Hound Labs is a breath-technology company that has developed ultra-sensitive technology for non-invasive breath measurement. Utilizing the technology, the Hound® marijuana breathalyzer rapidly, accurately and inexpensively measures recent marijuana use and alcohol in breath.
The breathalyzer is intended for law enforcement, employer and insurance purposes only.