Dutchie, a Bend, Ore.-based technology platform powering dispensaries and providing access to cannabis, completed a $200m Series C funding, at a $1.7 billion valuation.
The round was led by Tiger Global, with participation from new investors Dragoneer and DFJ Growth, and from existing investors including Casa Verde Capital, Thrive Capital, Gron Ventures, and former Starbucks Chairman and CEO Howard Schultz.
The company intends to use the funds to add talent, expand into new markets, and launch major product developments to support cannabis dispensaries.
Led by Ross Lipson, CEO and Co-founder, and Tim Barash, Executive Chairman, Dutchie is a cannabis technology platform focused on helping cannabis dispensaries throughout the United States and Canada streamline operations, grow and meet consumer demand.
The company is also announcing today its acquisitions of Greenbits and LeafLogix, two enterprise resource planning (ERP) and point-of-sale (POS) software solutions serving the cannabis industry.