Total amount raised
$212.5 Millions
Latest funding date
11/1/2024
Location
Eaze has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform facilitates legal access to cannabis through a user-friendly delivery service.
Keep reading to explore the intricacies of Eaze's fundraising journey and the investors backing this innovative platform.
What Is Eaze?
Eaze, founded in 2014, is headquartered in Denver, Colorado. The company was established by Aleksey Klempner, Keith McCarty, and Roie Edery.
Specializing in on-demand cannabis delivery, Eaze connects consumers with licensed dispensaries, ensuring safe and convenient access to cannabis products. Their platform supports local cannabis entrepreneurs, promoting sustainable and responsible business practices.
With a workforce ranging between 1001-5000 employees, Eaze continues to expand its services, offering a curated selection of cannabis products and supporting women and BIPOC-owned brands.
How Much Funding Has Eaze Raised?
- Series A
- Amount Raised: $10M
- Date: April 2015
- Lead Investors: DCM Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's reach and enhance technology infrastructure.
- Non-Equity Assistance
- Date: May 2015
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational growth and market expansion.
- Series B
- Amount Raised: $13M
- Date: October 2016
- Lead Investors: Fresh VC
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance delivery capabilities.
- Series B
- Amount Raised: $27M
- Date: September 2017
- Lead Investors: Bailey Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market presence and improve service offerings.
- Series B
- Amount Raised: $32M
- Date: March 2018
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technology and expand into new markets.
- Series C
- Amount Raised: $84M
- Date: December 2018
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and support new product development.
- Venture Round
- Date: January 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support strategic initiatives and market expansion.
- Series D
- Amount Raised: $35M
- Date: February 2020
- Investor Count: 3
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance delivery infrastructure and expand market reach.
- Series B
- Amount Raised: $10M
- Date: November 2024
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To relaunch multi-state operations and expand production capacity.
Total Amount Raised: $211M. Current Valuation: Not publicly disclosed.
Key Investors
- DCM Ventures
- Details: DCM Ventures is a venture capital firm that invests in early-stage technology companies. They have a global presence with offices in Silicon Valley, Beijing, and Tokyo.
- Investment Focus Areas: Technology, Consumer Internet, Mobile.
- Notable Investments: SoFi, Lime, Bill.com.
- Fresh VC
- Details: Fresh VC is a venture capital firm that focuses on seed and early-stage investments. They aim to support innovative startups with high growth potential.
- Investment Focus Areas: Technology, Consumer Products, E-Commerce.
- Notable Investments: Not publicly disclosed.
- Bailey Venture Partners
- Details: Bailey Venture Partners is a venture capital firm that invests in early to growth-stage companies. They are known for their hands-on approach in supporting portfolio companies.
- Investment Focus Areas: Technology, Healthcare, Consumer Goods.
- Notable Investments: Not publicly disclosed.
- FJ Labs
- Details: FJ Labs is a venture capital firm and startup studio that invests in early-stage companies. They have a broad investment portfolio across various sectors.
- Investment Focus Areas: Marketplaces, E-Commerce, Technology.
- Notable Investments: Not publicly disclosed.
- Not Disclosed
- Details: Several investors in Eaze have chosen to remain anonymous. These investors have contributed to various funding rounds, supporting the company's growth and expansion.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Not publicly disclosed.
What's Next for Eaze?
With the recent $10 million Series B funding, Eaze is poised to capitalize on significant opportunities. The company plans to reopen 70 locations across four states, doubling its production capacity in Florida, and recruiting over 1,000 new employees. These initiatives are set to enhance their market presence and delivery capabilities, positioning Eaze for substantial growth.
Future fundraising seems likely as Eaze continues to expand its operations and innovate its product offerings. The cannabis industry is experiencing rapid growth, and Eaze's strategic moves could attract further investments to support their ambitious plans.
However, challenges such as regulatory hurdles, competition, and operational logistics may pose obstacles. Navigating these complexities will be crucial for Eaze to maintain its momentum and achieve long-term success.
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