Total amount raised
$1.7 Million
Latest funding date
4/1/2021
Location
Apex Trading has successfully raised funds through three distinct funding rounds, with the latest being a Convertible Note round. The company is backed by five investors, including notable names like Sand Hill Angels and 7thirty Capital.
As a platform designed to simplify wholesale cannabis operations, Apex Trading offers features such as real-time inventory management, order processing, and customizable storefronts. Keep reading to explore the intricacies of Apex Trading's fundraising journey and the investors backing this innovative platform.
What Is Apex Trading?
Apex Trading, based in Portland, Oregon, operates within the cannabis, software, and wholesale industries. The company employs between 11 and 50 people and is dedicated to simplifying wholesale cannabis operations through its B2B platform.
Founded to address the unique challenges of the cannabis industry, Apex Trading offers tools for inventory management, order processing, and customizable storefronts. The platform is trusted by over 3,000 clients and has successfully filled 200,000 orders across 18 state markets.
How Much Funding Has Apex Trading Raised?
- Convertible Note
- Amount Raised: Not publicly disclosed
- Date: January 2018
- Lead Investors: None specified
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial growth and development of the platform.
- Seed
- Amount Raised: USD 1,670,000
- Date: October 2019
- Lead Investors: 7thirty Capital, WelCan Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To boost progress in the cannabis industry, transform the company into a national operator, and launch Bushel44, a platform for hemp businesses.
- Convertible Note
- Amount Raised: Not publicly disclosed
- Date: April 2021
- Lead Investors: None specified
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Further expansion and scaling of the platform.
Total Amount Raised: USD 1,670,000
Current Valuation: Not publicly disclosed
Key Investors
- 7thirty Capital
- Details: 7thirty Capital is a venture capital firm that led the recent $1.67 million Series Seed funding round for Apex Trading. They focus on innovative and high-growth potential sectors.
- Investment Focus Areas: Cannabis technology, high-growth sectors.
- Notable Investments: Not publicly disclosed.
- Welcan Capital
- Details: Welcan Capital is a New York-based venture capital firm that co-led the $1.67 million Series Seed funding round for Apex Trading. They specialize in investments within the cannabis industry.
- Investment Focus Areas: Cannabis industry.
- Notable Investments: Not publicly disclosed.
- Panther Opportunity Fund
- Details: Panther Opportunity Fund is a venture capital firm that participated as a previous investor in Apex Trading. They are known for their general venture capital investments.
- Investment Focus Areas: General venture capital, including cannabis.
- Notable Investments: Not publicly disclosed.
- SilverLeaf Venture Partners
- Details: SilverLeaf Venture Partners is another previous investor in Apex Trading. They focus on general venture capital investments.
- Investment Focus Areas: General venture capital, including cannabis.
- Notable Investments: Not publicly disclosed.
- Sand Hill Angels
- Details: Sand Hill Angels is an investor in Apex Trading, known for their involvement in early-stage investments.
- Investment Focus Areas: Early-stage investments, technology, healthcare.
- Notable Investments: Not publicly disclosed.
What's Next for Apex Trading?
Apex Trading is poised for significant growth as it expands into the national cannabis market and launches Bushel44, a new platform for hemp businesses. With over 1,000 companies already using their services and a projected $100 million in transactions for the year, the opportunities are vast.
Future fundraising efforts are likely, given the company's successful Series Seed round and its ambitious expansion plans. However, navigating the complex regulations of the cannabis and hemp industries and maintaining a competitive edge will be critical challenges. As the market matures, Apex Trading's ability to scale while ensuring platform reliability will be key to its continued success.
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