Alleaves, an industry-leading cannabis enterprise resource planning (ERP) seed-to-sale technology platform, is finalizing its $40 million Series A funding.
The round was led by The Eleven Fund at a valuation of $240 million.
With the completion of this strategic funding, Alleaves will embark on an accelerated multi-state commercial roll out with many of the industry's leading MSOs.
In addition, Alleaves will seek to acquire and roll up other complementary cannabis technology platforms to both expand its customer base and to create the industry's most comprehensive and seamless real-time seed-to-sale software, transaction, and compliance platform.
Company: Alleaves, Inc.
Raised: $40.0M
Round: Series A
Funding Month: July 2022
Lead Investors: The Eleven Fund
Additional Investors:
Company Website: https://www.alleaves.com/
Software Category: ERP software solutions
About the Company: Alleaves was founded by enterprise software industry veterans with extensive knowledge of ERP software solutions, and applied that cumulative experience to fill a void in the cannabis cultivation, manufacturing, P.O.S and supply chain software experience. Our mission is propelled by an unwavering focus on providing cannabis innovators with four things: Control, Cohesion, Clarity, and Compliance. Alleaves can be offered as a full seed-to-sale system, or it can combine with your current systems to provide more effective reporting and business analytics. Flexibility and fast, seamless integration are being made the norm as Alleaves advances its goal of improving every customer's experience.
Source:https://www.prnewswire.com/news-releases/cannabis-technology-erp-company-alleaves-series-a-40-million-funding-round-led-by-the-eleven-fund-301589375.html