MainStem Seattle, WA-based, the integrated purchasing platform, has raised $5 Million in Series C funding from Merida Capital Holdings.

The Series C round enables MAINSTEM to better serve its customers, which include 1,000 vertically integrated operators in 26 U.S. states, 95% of which are MSOs or SSOs.

Company: MainStem Inc.

Raised: $5.0M

Round: Series C

Funding Month: August 2021

Lead Investors: Merida Capital Holdings

Additional Investors:

Company Website: https://www.mainstem.io/

Software Category: integrated cannabis procurement SaaS solution

About the Company: MainStem, the industry's top B2B marketplace and integrated supplier purchasing platform, was created in Seattle, Washington, in 2014. MainStem has evolved to reinvent the cannabis supply chain since its beginnings. MainStem, an integrated SaaS provider, innovates by combining its unique Purchase ProTM product. The industry's first and only cannabis-specific procurement software, with other MainStem products. MainStem, a one-stop 'Amazon solution' that works for businesses in all states where cannabis companies are legally allowed to operate, is dedicated to helping cannabis companies' growth through robust technology and partnerships with growers, producers, and dispensaries. 

Source: https://www.prnewswire.com/news-releases/mainstem--the-leader-in-redefining-the-cannabis-supply-chain--announces-5-million-in-series-c-funding-bringing-total-raise-to-11-million-301365507.html