Dispense Raises $2 Million in Seed Round  

by Kay Aloha Villamor in September 22nd, 2021

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

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

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

Company: Dispense App

Raised: $2.0M

Round: Seed Round

Funding Month: September 2021

Lead Investors: NextView Ventures

Additional Investors: VC’s Poseidon Asset Management, Achari Ventures, Arrive, and Wayne Chang

Company Website: https://www.dispenseapp.com/

Software Category: B2B e-commerce software platform

About the Company: 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 products 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.

Source: https://www.finsmes.com/2021/09/dispense-raises-2m-in-seed-funding.html

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