We’re thrilled to announce our Series A investment in Flowhub, the market-leading retail platform for cannabis dispensaries.
Running a successful cannabis dispensary shouldn’t be rocket science! But for thousands of small businesses across our country, running a compliant, profitable, and customer-centric dispensary can be mind-numbingly complex.
Like most retailers, dispensaries want to laser-focus on providing the best customer service and offering the best merchandise.
But behind the scenes, the headaches of seed-to-sale inventory tracking, pricing, reporting to the state, merchandising, tax compliance, payments, and eCommerce delivery are, unfortunately, quite challenging. And in the cannabis market, a single regulatory or compliance misstep can be fatal for a dispensary.
That’s where Flowhub comes in. Flowhub is the central nervous system of a modern cannabis dispensary — and the platform ensures that a dispensary runs compliantly, profitably, and delivers special moments to its customers. As one happy Flowhub customer told us, “we think of [our shop] as [providing] a Disneyland-like experience.”
In Flowhub, we saw a tremendous vertical software business fundamentally reshaping the way that legal cannabis retail is done. This converged with strong market tailwinds (cannabis will be $66B industry by 2025) and a mission-driven leader in Founder & CEO Kyle Sherman, who has been on the cutting-edge of cannabis legislation in Colorado and nationally.
We are happy to support the company’s mission, and I am thrilled to join Flowhub’s Board of Directors and partner with Kyle, the remarkable Flowhub team, and our friends at Poseidon and Evolv Ventures.
Jett Fein invests in the next generation of technology enabled brands. At e.ventures, he has led or co-led the firm’s investments in goPuff, Candid, Flowhub, NomNomNow, gettacar, Mira, Tonebase, Copa90, among others. A native Texan, Jett earned a B.A. from Stanford University and a J.D. from the University of California, Berkeley, School of Law.
You can read more about Flowhub’s $23M Series A here.