Blaze, a Los Angeles, CA-based enterprise resource planning and point of sale platform for legal cannabis, closed its Series A funding round at $8m.
The round was led by Delta Emerald Ventures with participation from returning investor Act One Ventures and new investor SOJE Capital.
The company intends to use the funds to:
- expand, scale and build out its product, sales and marketing efforts,
- enter new and emerging states with legal cannabis markets,
- refine and improve its software suite that allows for operations from seed to sale, including recently launched payments processing technology BLAZE Pay.
Founded in 2017 and led by CEO Chris Violas Blaze offers unified seed-to-sale software and apps for the cannabis supply chain. Developed by tech entrepreneurs and former cannabis company operators, the company makes tech simple with a frontend powered by an enterprise backend for dispensaries, delivery services, distributors, and cultivators. The software ensures compliance with local laws and taxes, offers full APIs and integrates with over 40 technology vendors in the cannabis industry.
Blaze is now facilitating over $1 billion in annualized GMV with over 300 operators across 10 states now using the platform.
FinSMEs
31/03/2021