What is LeafLink?
Founded in 2016 and headquartered in New York City, LeafLink operates as a sophisticated B2B marketplace that bridges the gap between licensed cannabis manufacturers and retail dispensaries. By digitizing the wholesale procurement process, the company provides essential shipping, logistics, and inventory management tools that streamline operations for industry participants. LeafLink occupies a pivotal role in the cannabis ecosystem, effectively acting as the digital backbone for a fragmented market that requires high levels of compliance and operational efficiency. Its platform-centric model has allowed it to scale rapidly, moving beyond simple connectivity to become a comprehensive enterprise software solution for the legal cannabis trade.
How much funding has LeafLink raised?
LeafLink has raised a total of $442.6M across 10 funding rounds:
Multiple Rounds
$2.6M
Angel/Seed
$3M
Series A
$10M
Other Financing Round
$2M
Series B
$35M
Debt
$250M
Series C
$40M
Series D
$100M
Angel/Seed (2015): $750K with participation from NY angel investors
Other Financing Round (2015): $1M led by TIA Ventures, Brand New Matter, and Christopher Norris
Debt (2015): $825K, investors not publicly disclosed
Angel/Seed (2017): $3M featuring Casa Verde Capital, Lerer Hippeau Ventures, Wand Partners, and Phyto Partners
Series A (2017): $10M backed by Nosara Capital, Lerer Hippeau Ventures, and Casa Verde Capital
Other Financing Round (2019): $2M with participation from Canopy Rivers
Series B (2019): $35M led by L2 Ventures, Thought Into Action Ventures, Thrive Capital, Wisdom VC, Nosara Capital, and Lerer Hippeau
Debt (2020): $250M, investors not publicly disclosed
Series C (2020): $40M featuring Thrive Capital, Nosara Capital, Founders Fund LLC, and Lerer Hippeau Ventures
Series D (2023): $100M backed by Nosara Capital, CPMG, and L2 Ventures
Key Investors in LeafLink
Casa Verde Capital
Casa Verde is a premier venture capital firm that focuses exclusively on the cannabis industry, targeting scalable and capital-efficient businesses that address long-term market needs.
Lerer Hippeau
Lerer Hippeau is a New York-based venture capital firm that specializes in early-stage investments, supporting innovative startups across both enterprise and consumer landscapes.
Thrive Capital
Thrive Capital is a prominent investment firm operating out of New York, with a primary focus on high-growth internet and software-driven business models.
What's next for LeafLink?
Looking ahead, LeafLink is poised to leverage its recent capital injection to deepen its technological moat and enhance its service offerings. As the cannabis industry continues to mature and face increasing regulatory scrutiny, the company's focus on data-driven logistics and marketplace transparency will likely become even more critical. Strategic priorities will likely include the integration of advanced financial services, further geographic expansion, and the refinement of its B2B software suite to support larger enterprise clients. By maintaining its commitment to operational excellence and capital efficiency, LeafLink is well-equipped to navigate the complexities of the evolving cannabis landscape while sustaining its growth trajectory.
See full LeafLink company page
