Top 25 Best Cannabis Startups With $10+ Million Funding14 min read

Top Cannabis Startups

Today we’re covering the top 25 Cannabis startups. This is going to be really exciting and I’ve spent a ton of time researching these interesting startups in Cannabis. Let’s get right into it!

Criteria for selection:

  • The startup should be privately held
  • Has raised at least $10 million in funding
  • We haven’t including the IPO’d startups and companies as they’re already well-known to most people in the biotechnology sector. This list of 25 companies covers the most funded ones since their found dates.

Recommended Read – Top Biotech Startups

Top Cannabis Startups With >$10 Million Funding

Let’s get right down to the list and begin with the list of the top startups in the Cannabis sector. In the below list, we’ve covered the major information about the company’s operations, headquarters, funding amounts and some of the active investors. The investors listed here are the ones I found during my process of researching the company. So there’s a high possibility that there are more investors than the ones in the list.

1. LeafLink – Total Raised $338.99 million

Official Website: www.leaflink.com

LeafLink is a Venture Capital-Backed Cannabis company founded in 2015. Operator of a wholesale cannabis marketplace intended to connect retailers with brands and distributors for streamlined cannabis commerce. The company’s platform changes the way cannabis brands, distributors, and retailers manage their operations, to optimize ordering, simplify communication, and spend less time on administrative work, empowering cannabis brands and retailers to streamline ordering and client management.

Active Investors:

  • 640 Oxford Ventures(www.640oxfordventures.com)
  • Brand New Matter(www.brandnewmatter.com)
  • Casa Verde Capital(www.casaverdecapital.com)
  • Founders Fund(www.foundersfund.com)
  • L2 Ventures(l2ventures.net)
  • Lerer Hippeau(www.lererhippeau.com)
  • Muse Capital(www.musecapital.vc)
  • Nosara Capital(www.nosaracapital.com)
  • Phyto Partners(www.phytopartners.com)
  • Thermal(www.thermal.co)
  • Thrive Capital(www.thrivecap.com)

Competitors:

Tradiv, Confident Cannabis, Greenbits, Flowhub, Ample Organics, Soro Software, Meadow, GrowFlow, Helix BioTrack

2. Glass House Group – Total Raised $305.45 million

Official Website: www.glasshousegroup.com

Glass House Group is a Venture Capital-Backed Cannabis company founded in 2018. Producer and supplier of branded cannabis intended to deliver quality weed to the industry. The company’s products are raised on a vertically integrated platform, they are sun-grown and aged according to the requirements of the market, enabling the customers to use these products effectively.

Active Investors:

No active investors

Competitors: No competitors found

3. Dutchie – Total Raised $253 million

Official Website: www.dutchie.com

Dutchie is a Venture Capital-Backed Cannabis company founded in 2017. Developer of an online marketplace designed to connect consumers to local dispensaries for cannabis. The company’s marketplace offers a convenient and safe way to order cannabis for delivery and pickup from local dispensaries via web or mobile, enabling consumers to search dispensaries available in their area and buy cannabis products.

Active Investors:

  • Casa Verde Capital(www.casaverdecapital.com)
  • DFJ Growth(dfjgrowth.com)
  • DoorDash(www.doordash.com)
  • Dragoneer Investment Group(www.dragoneer.com)
  • Gron Ventures(www.gron.vc)
  • Measure 8 Venture Partners(www.m8vp.com)
  • Sinai Ventures(www.sinaivc.com)
  • Thirtyfive Ventures(thirtyfiveventures.com)
  • Thrive Capital(www.thrivecap.com)
  • Tiger Global Management(www.tigerglobal.com)

Competitors:

Leafly, greenrush, Eaze, MassRoots

4. Ascend Wellness Holdings – Total Raised $249.33 million

Official Website: www.awholdings.com

Ascend Wellness Holdings is a Venture Capital-Backed Cannabis company founded in 2018. Operator of a cannabis cultivation platform intended to grow and utilize cannabis for manufacturing various cannabis-based pharmaceutical products. The company’s platform offer products which are produced using cannabinoids and related by-products of cannabis, enabling consumers to find and purchase cannabis-made pharma products from various retail stores.

Active Investors:

  • JM10 Partners(www.jm10partners.com)
  • Poseidon Asset Management(poseidonassetmanagement.com)
  • Reason Venture Partners(www.reasonvp.com)
  • Salveo Capital(www.salveocapital.com)
  • Three Bays Capital(www.threebayscapital.com)
  • Tupancy Capital(www.tupancycapital.com)

Competitors: No competitors found

5. Eaze – Total Raised $248.5 million

Official Website: www.eaze.com

Eaze is a Venture Capital-Backed Cannabis company founded in 2014. Operator of an online marketplace and technology platform intended to provide an on-demand medical marijuana delivery services. The company’s platform verifies the patient’s medical marijuana eligibility and provides access to an entire network of dispensaries, enabling users to access medical marijuana legally via a mobile device.

Active Investors:

  • 500 Startups(www.500.co)
  • Calvin Broadus(snoopdogg.com)
  • Casa Verde Capital(www.casaverdecapital.com)
  • Cherry Tree Investments(cherrytree.vc)
  • DCM Ventures(www.dcm.com)
  • Fabrice Grinda(www.fabricegrinda.com)
  • FJ Labs(www.fjlabs.com)
  • Fresh VC(www.freshvc.com)
  • Great Oaks Venture Capital(great-oaks.herokuapp.com)
  • Phyto Partners(www.phytopartners.com)
  • QueensBridge Venture Partners(www.qbvp.com)

Competitors:

greenrush, MassRoots, Leafly, Nugg (Cannabis), Meadow

6. Flow Kana – Total Raised $147.5 million

Official Website: www.flowkana.com

Flow Kana is a Venture Capital-Backed Cannabis company founded in 2014. Operator of a sustainable and sun-grown cannabis brand intended to provide consumers with high-quality clean and compliant cannabis. The company’s cannabis is generated using only organic methods through small farmers that allows them to distribute their products statewide while keeping the value they create within their local communities, providing consumers with a consistent and reliable selection of carefully curated, pesticide-free, cannabis products.

Active Investors:

  • Artemis Growth Partners(artemisgrowth.com)
  • Gotham Green Partners(www.gothamgreenpartners.com)
  • Monstro Ventures(www.monstro.vc)
  • Poseidon Asset Management(poseidonassetmanagement.com)
  • Reason Venture Partners(www.reasonvp.com)
  • Salveo Capital(www.salveocapital.com)

Competitors:

Old Pal, The Supreme Cannabis Company, Natura Naturals Holdings

7. PharmaCann – Total Raised $126.69 million

Official Website: www.pharmacann.com

PharmaCann is a Venture Capital-Backed Cannabis company founded in 2014. Operator of a vertically integrated cannabis company intended to provide safe, reliable and quality cannabis products to improve people’s lives. The company specializes in cultivating, processing, dispensing medicinal cannabis products and developing new forms and formulations of cannabinoid-based treatments for adult and pediatric patients, thereby providing users with effective, affordable and trusted cannabis products and services that help them live better lives.

Active Investors:

  • Artemis Growth Partners(artemisgrowth.com)
  • Big Rock(www.big-rock.com)
  • Granite Hall Partners(www.granitehall.com)
  • Matter(www.matter.health)
  • Maxim Partners(www.maximpartnersllc.com)

Competitors:

Broken Coast Cannabis, Canary Rx, Natura Naturals Holdings, Revolutionary Clinics, Canndescent, Canna Farms

8. HERBL Solutions – Total Raised $122 million

Official Website: www.herbl.com

HERBL Solutions is a Venture Capital-Backed Cannabis company founded in 2016. Provider of supply chain services intended to serve the cannabis industry. The company offers highly tailored, industry-specific solutions through the use of innovative technology, seasoned information management experts, highly-trained security specialists, and top-notch sales and marketing professionals and also provides tax collection and fulfills all state reporting requirements, thereby enabling clients to grow and scale their businesses.

Active Investors:

  • Measure 8 Venture Partners(www.m8vp.com)
  • Salveo Capital(www.salveocapital.com)

Competitors: No competitors found

9. Gage Cannabis – Total Raised $120 million

Official Website: www.gageusa.com

Gage Cannabis is a Private Equity-Backed Cannabis company founded in 2017. Provider of craft cannabis products and services in Detroit, Michigan. The company cultivates and curates hemp products, catering to the patients, empowering its customers to make the most of the plant’s benefits and lead a healthy life.

Active Investors:

  • JW Asset Management(www.jwfunds.com)

Competitors: No competitors found

10. Holistic Industries – Total Raised $111.88 million

Official Website: www.holisticindustries.com

Holistic Industries is a Venture Capital-Backed Cannabis company founded in 2011. Provider of cannabis medicines intended to alleviate the symptoms of numerous medical conditions. The company’s medicines are made taken into consideration mental and social factors along with the physical symptoms of a disease or illness, enabling patients to get safe, medicated, and organic medicines.

Active Investors:

  • Altitude Investment Management(www.altitudein.com)
  • Bengal Capital(www.bengalcap.com)
  • Entourage Effect Capital(www.entourageeffectcapital.com)
  • Franklin Street(www.franklinst.com)
  • Full Moon Investments(fullmooninvestments.com)

Competitors: No competitors found

11. Mile High Labs – Total Raised $100 million

Official Website: www.milehighlabs.com

Mile High Labs is a Venture Capital-Backed Cannabis company founded in 2016. Producer of CBD and CBG products intended to get products in an affordable and convenient manner. The company’s products are produce through extraction, refining and co-packing services to cultivators, manufacturers and retailers, enabling cannabis companies and marijuana industry to meet a considerable amount of worldwide demand.

Active Investors:

No active investors

Competitors: No competitors found

12. C3 Industries – Total Raised $98.4 million

Official Website: www.c3industries.com

C3 Industries is a Venture Capital-Backed Cannabis company founded in 2017. Operator of a vertically integrated cannabis company intended to offer high-quality cannabis products and retail experiences in Michigan, Oregon, Massachusetts and Missouri. The Company’s business lines includes Cloud Cover Cannabis and a retail network spread across each of the four states, enabling clients to buy these products for both medical and recreational purposes.

Active Investors:

  • Madison Square Park Capital(mspcapital.com)

Competitors: No competitors found

13. Integrated CBD – Total Raised $95.73 million

Official Website: www.integrated-cbd.com

Integrated CBD is a Venture Capital-Backed Cannabis company founded in 2018. Operator of a vertically integrated institutional scale pharma grade CBD company intended to deliver industrial hemp, CBD oil and isolates. The company’s offerings include providing a supply chain that is organic from the seed, genetics and crop production, through the extraction and product formulation, enabling multinational consumer and pharma brands to comfortably roll out mass-market products.

Active Investors:

No active investors

Competitors:

GenCanna, Mile High Labs

14. EMMAC Life Sciences Group – Total Raised $92.21 million

Official Website: www.emmac.com

EMMAC Life Sciences Group is a Venture Capital-Backed Cannabis company founded in 2018. Developer of cannabis-based products designed for medical applications. The company is engaged in the cultivation, extraction, production and distribution of medical cannabis products, enabling the healthcare community to treat patients suffering from chronic pain, spasticity and cancer.

Active Investors:

  • Altitude Investment Management(www.altitudein.com)
  • FastForward Innovations(www.fstfwd.co)
  • Measure 8 Venture Partners(www.m8vp.com)

Competitors: No competitors found

15. Natura Life Science – Total Raised $91 million

Official Website: www.natura.io

Natura Life Science is a Private Equity-Backed Cannabis company founded in 2018. Provider of cannabis contract manufacturing service. The company offers services like cannabis manufacturing, cannabis research and development, branding, distribution and other services related to cannabis production and marketing.

Active Investors:

No active investors

Competitors: No competitors found

16. Syqe Medical – Total Raised $80.3 million

Official Website: www.syqemedical.com

Syqe Medical is a Private Equity-Backed Cannabis company founded in 2011. Developer of pocket-sized metered-dose cannabis inhaler designed to allow patients to reach the optimum balance between symptom relief and psycho-activities. The company’s technologies enables precise delivery of a wide range of therapeutic molecules, active compounds, botanicals, including cannabis by inhalation through predictable, precise, and consistent treatment at pharmaceutical standards using automation that ensures bioavailability with natural inspiration, and remote clinical monitoring thus aims to relieve the suffering of as many patients as possible in the fastest possible way.

Active Investors:

  • Arc Ventures (United States)(www.arc-vc.com)
  • Magna Filis(www.magnafilis.com)
  • OurCrowd(www.ourcrowd.com)
  • Philip Morris International(www.pmi.com)
  • Shavit Capital(www.shavitcapital.com)
  • Wolfpack Ventures(www.wolfpackventures.com)

Competitors: No competitors found

17. Hound Labs – Total Raised $74.86 million

Official Website: www.houndlabs.com

Hound Labs is a Venture Capital-Backed Cannabis company founded in 2014. Developer of a breathalyzer technology designed to detect marijuana in a person’s breath. The company’s technology collects samples without touching oral fluid, blood, and urine to measure recent marijuana use and alcohol in breath, enabling employers to ensure workplace safety and productivity while allowing legal marijuana use after work hours.

Active Investors:

  • Agility Labs(www.agilitylabs.org)
  • Benchmark (San Francisco)(www.benchmark.com)
  • Icon Ventures(www.iconventures.com)
  • Intrinsic Capital Partners(www.intrinsiccapitalpartners.com)
  • Main Street Advisors(www.mainstreetadvisors.com)
  • New Cannabis Ventures(www.newcannabisventures.com)
  • NFP Ventures(www.nfpvf.com)

Competitors:

PAS Systems International Alcohol Sensor Systems, Cannabix Technologies, Quest Medical Imaging, Abbott (Healthcare), Dräger Medical

18. Willie’s Reserve – Total Raised $72.93 million

Official Website: www.williesreserve.com

Willie’s Reserve is a Venture Capital-Backed Cannabis company founded in 2015. Provider of marijuana products and accessories intended to serve people in the United States. The company’s products and accessories offer cannabis packs, pre-rolled cannabis joints, cannabis edibles and concentrates, vape cartridges, enabling customers to get cannabis products in a hassle-free manner.

Active Investors:

  • 51st Parallel Life Sciences(www.51st.ca)
  • Hypur Ventures(www.hypurventures.com)
  • ManifestSeven(www.manifest7.com)
  • Tuatara Capital(www.tuataracapital.com)

Competitors: No competitors found

19. Vertical (Pharmaceuticals) – Total Raised $65 million

Official Website: www.vertcos.com

Vertical (Pharmaceuticals) is a Venture Capital-Backed Cannabis company founded in 2014. Operator of vertically integrated cannabis company intended for medical and recreational purposes. The company’s services cultivate, extract and distribute cannabis and related products which are reliably sourced, lab tested and processed under the guidelines with state-of-the-art equipment and materials, enabling customers and medical companies with legal cannabis.

Active Investors:

  • Merida Capital Holdings(www.meridacap.com)

Competitors: No competitors found

20. Vertical Wellness – Total Raised $65 million

Official Website: www.vertical-wellness.com

Vertical Wellness is a Venture Capital-Backed Cannabis company founded in 2019. Operator of a vertically integrated brand company intended to focus on health and wellness brand companies with innovative Hemp cannabinoids. The company’s brand operates a full-service, innovative, seed to sale brand company that involves the processes of cultivation, production, sales, and retail, providing consumers with optimum quality CBD products on the market, enabling consumers to bring the innovative and effective portfolio of CBD and healthy brands to the market.

Active Investors:

  • Merida Capital Holdings(www.meridacap.com)

Competitors: No competitors found

21. Front Range Biosciences – Total Raised $61.66 million

Official Website: www.frontrangebio.com

Front Range Biosciences is a Venture Capital-Backed AgTech company founded in 2015. Operator of an agricultural biotech company intended to provide technology for breeding and production of new plant varieties and seeds of valuable crops. The company offers rooted cuttings and pre-finished plants of hemp varieties, feminized hemp seeds, and nursery services, enabling cannabis cultivators to improve their yields, reduce disease, and create novel strains.

Active Investors:

  • AFI Capital Partners(www.aficapitalpartners.com)
  • Altitude Investment Management(www.altitudein.com)
  • Anthill Capital Ventures(www.anthillventures.com)
  • Arcadian Capital(www.arcadiancap.com)
  • Canna Angels(www.cannaangelsllc.com)
  • CanopyBoulder(www.canopyboulder.com)
  • Cornerstone Angels(www.cornerstoneangels.com)
  • Cthulhu Ventures(www.cthulhuventures.com)
  • Dakota Systems(www.daksys.com)
  • HALLEY Venture Partners(www.halleyvp.com)
  • HBS Alumni Angels New York(hbsangelsny.com)

Competitors:

Natura Naturals Holdings, Canndescent, Segra, Ilan Bio, Meristem

22. Scientus Pharma – Total Raised $60.5 million

Official Website: www.scientuspharma.com

Scientus Pharma is a Venture Capital-Backed Cannabis company founded in 2013. Developer of vertically-integrated biopharmaceutical cannabis technology intended to conduct fundamental research on cannabinoids. The company’s technology commercializes pharmaceutical-grade cannabinoid derivative products and is authorized as producer and is also into commercialization stage of therapeutic drugs, has the ability to wholesale buy, process and sell cannabinoid derivatives from and to Licensed Producers, enabling pharmaceuticals and biotech businesses to have hands on pharma-grade cannabis products for medical research.

Active Investors:

  • Aphria(www.aphria.com)
  • Cannalncome Fund(www.cannaincomefund.ca)
  • Plant-Based Investment(www.pbinvest.ca)

Competitors:

The Supreme Cannabis Company, OrganiGram Holdings, Genus Pharmaceuticals, Zynerba Pharmaceuticals, Cannabics Pharmaceuticals, Corbus Pharmaceuticals, GW Pharmaceuticals, MED Colombia, Emerald Bioscience

23. Green Relief – Total Raised $59.2 million

Official Website: www.greenrelief.ca

Green Relief is a Venture Capital-Backed Cannabis company founded in 2013. Producer of cannabis intended for medical purposes. The company’s cannabis are fresh and pure, grown without harmful pesticides and fertilizers and uses advanced, soil-less form of sustainable agriculture where fish and plants are grown together in a natural ecosystem environment in a sustainable way, enabling users to improve their quality of life while also being environmentally responsible, and giving back to the community.

Active Investors:

  • Plant-Based Investment(www.pbinvest.ca)

Competitors: No competitors found

24. Kadenwood – Total Raised $55 million

Official Website: www.kadenwoodbrands.com

Kadenwood is a Venture Capital-Backed Cannabis company founded in 2018. Producer of cannabidiol (CBD) consumer products intended to shape the CBD industry into a trusted, mainstream wellness category. The company offers sports creams, roll-ons, oil drop, pet health products, and organic hot teas, enabling users to access trusted, farm-bill compliant CBD products through the companies supply chain.

Active Investors:

  • Arcadian Capital(www.arcadiancap.com)

Competitors:

Charlotte’s Web Hemp

25. Green Sky Labs – Total Raised $54.1 million

Official Website: www.greenskylabs.com

Green Sky Labs is a Venture Capital-Backed Cannabis company founded in 2014. Operator of a research and development agency intended to enhance quality and efficacy in the development of cannabinoid medicines, products, and plant cultivation. The company’s technology and methodologies preserve all cannabinoids, terpenes, flavonoids, alkaloids, isolate and custom formulate phytocannabinoid, yields highly purified, concentrated, and targeted extracts, enabling laboratories to improve the current standards of cannabis extraction, isolation processing, and therapeutic cannabinoid manufacturing.

Active Investors:

  • Canna Angels(www.cannaangelsllc.com)

Competitors: No competitors found