Dispense Raises $2M in Seed Funding

Dispense, a New York-based digital dispensary management platform, raised $2M in Seed funding.

The round was led by NextView Ventures with NextView co-founder, Lee Hower, joining the Dispense board. Leading cannabis VC’s Poseidon Asset Management and Achari Ventures participated, along with Arrive, a Roc Nation company, and Wayne Chang.

The company intends to use the funds to hire talent, continue developing and enhancing their product, and scale their sales and marketing efforts.

Co-founded by Kyla Moore and Tim Officer, Dispense provides a B2B e-commerce software platform focused on providing cannabis dispensaries with the technology and tools they need to sell product online, manage operations, build direct customer relationships, and scale their businesses.

The platform is currently used by dispensaries in five states, including Illinois, Michigan, Ohio, New Jersey and Massachusetts. Since its beta launch in August 2020, Dispense has processed over 1.5 million orders, with an order value of over $200 million.