LeafLink Raises $100M in Series D Funding Round
Hashish B2B Expertise Firm Leaflink has collected $ 100 million in Sequence D -Financing, Enterprise advertised at the moment. The fundraising spherical, which will likely be funded in two tranches, was led by CPMG, L2 Ventures and Nosara Capital along with participation from present buyers.
Ryan G. Smith, who was raised to the corporate’s govt chairman of the board on Wednesday, mentioned the funding supplies LeaFlink “with a robust steadiness that allows continued innovation together with … prospects.”
“Regardless of the latest headwinds, the hashish business is prepared for vital development within the coming years. Because the firm’s inception, our crew has constructed up options that resolve a number of the business’s most important issues. I’m proud to have served as CEO since Leaflink’s founding and am completely happy to maneuver on to the function of performing chairman, the place I’ll stay deeply engaged in Leaflink and the business as a complete. I sit up for supporting and strengthening the crew of their roles. “ – Smith in an announcement
As well as, LeaFlink appointed President and CEO Arie Minson as a brand new function as president and CEO, Employed Karan Gupta as Chief Expertise Officer and turned Chief Expertise Officer Zach Silverman to a senior advisory function.
Leeflink mentioned the corporate serves about half of the US wholesale hashish business throughout 30 markets. The corporate mentioned it has collected greater than $ 230 million thus far in addition to a credit score facility of $ 250 million to supply liquidity to the hashish provide chain.
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