What is Green Bits?
Founded in 2014 and based in San Jose, California, Green Bits offers a complete platform designed to streamline operations for cannabis retailers. By providing business solutions that enhance safety, intelligence, and ease of use within the regulated retail environment, Green Bits aims to increase sales for its clients. The platform has demonstrated its efficacy, serving a substantial number of retailers and processing a high volume of transactions, thereby driving significant sales volume within the sector.
How much funding has Green Bits raised?
Green Bits has raised a total of $45.2M across 4 funding rounds:
Private Equity
$2.2M
Other Financing Round
$3M
Series A
$17M
Series B
$23M
Private Equity (2017): $2.2M with participation from Casa Verde Capital
Other Financing Round (2017): $3M led by Casa Verde Capital
Series A (2018): $17M, investors not publicly disclosed
Series B (2020): $23M featuring TriplePoint Venture Growth BDC and Casa Verde
Key Investors in Green Bits
Casa Verde Capital
Casa Verde Capital is a leading venture capital firm exclusively focused on the cannabis industry, investing in scalable businesses led by world-class management teams to address long-term market needs.
TriplePoint Venture Growth BDC
TriplePoint Venture Growth BDC provides financing to venture growth stage companies, aiming to maximize total return through current income and capital appreciation, often with warrants.
What's next for Green Bits?
The recent major strategic investment signifies a new phase of growth and development for Green Bits. This capital infusion is expected to fuel further innovation in its retail management solutions, potentially expanding its market reach and enhancing its technological capabilities. As the cannabis industry continues to mature and evolve, Green Bits is strategically positioned to capitalize on emerging opportunities, further solidifying its leadership in providing essential tools for regulated cannabis businesses.
See full Green Bits company page
