Hoodie Analytics, a Chicago, IL-based cannabis data and technology company, raised $5M in Series A funding.
The round was led by Measure 8 PartnersĀ with participation fromĀ Entourage Effect CapitalĀ and Satori Investors. Early investors in the series A round also included Greenlight Investors and OlsonUbben viaĀ Tony Olson, Founder and Chairman ofĀ SPINS. Continued participation came from insiders such as Arcview Ventures Seed Fund, Arcview Collective Fund, Greenlight Investors, and Tech Nexus. Under the terms of the Capital Raise,Ā $5MĀ has initially closed, with anotherĀ $1M open for a follow-on raise.
The company intends to use the funds to accellerate the market expansion of its newly launched platform.
Led by CEO Wes Shepherd, Hoodie Analytics provides a cannabis market insights and product data management platform tracking the daily movements of the market giving users access to the best people, processes, and data which deliver the critical factor towards building a winning brand.
Additionally, the company further strengthened its leadership and governance structures with the appointments of David Navama, Co-founder of Vitamin Capital and former President and Chief Innovation Officer ofĀ SPINS.Ā Timur SultanovĀ from Measure 8 Partners also joined the Board of Directors, as well as observersĀ Andy Sturner, Partner at Entourage Effect Capital, andĀ John CampbellĀ of Satori Investors.
FinSMEs
27/06/2024