What is Vangst?
Vangst operates as a comprehensive staffing and recruitment platform specifically tailored for the cannabis industry. The company is dedicated to connecting professionals with career opportunities, serving as a crucial bridge between job seekers and organizations. By providing essential resources, guidance, and tools, Vangst empowers individuals to navigate and advance their careers while assisting employers in securing qualified talent. This focus on specialized recruitment addresses a unique market need, positioning Vangst as a key enabler of professional development and organizational growth within the burgeoning cannabis sector.
How much funding has Vangst raised?
Vangst has raised a total of $31.5M across 3 funding rounds:
Angel/Seed
$2.5M
Series A
$10M
Series B
$19M
Angel/Seed (2018): $2.5M, investors not publicly disclosed
Series A (2019): $10M led by Lerer Hippeau and Casa Verde Capital
Series B (2022): $19M supported by Level One Fund, Althea Group, Lerer Hippeau Ventures, Phyto Partners, Casa Verde Capital, Liquid 2 Ventures, Colle Capital, and Delta Emerald Ventures
Key Investors in Vangst
Level One Fund
Level One Fund is an early-stage venture capital fund that invests across various industries, focusing on companies that aim to reshape static sectors. Their portfolio includes innovative firms in fintech, foodtech, biotech, AI, and more, such as Science Corp. and Mura. The fund emphasizes building long-term partnerships with founders and providing resources to help them succeed. Level One Fund seeks to explore daring ideas and support transformative ventures that enhance human-machine interaction and improve industry standards.
Lerer Hippeau Ventures
Lerer Hippeau is a venture capital firm focused on investing in innovative startups, particularly in the early stages such as Seed and Pre-Seed rounds. They aim to support founders with great ideas who are willing to tackle challenging problems, fostering long-term success through their expertise as former operators. The firm invests across both enterprise and consumer landscapes, embodying a community spirit reminiscent of New York's audacity and resilience. Their portfolio reflects a commitment to redefining and creating new industry categories.
Casa Verde Capital
Casa Verde (CV) is the leading venture capital firm focusing exclusively on the cannabis industry. As both the domestic and international markets continue to evolve and mature, CV maintains a view that cannabis will be among the most compelling investment themes of the company's generation. The fund invests in scalable, capital efficient businesses, led by world-class management teams, addressing long-term market needs.
What's next for Vangst?
The recent major strategic investment signifies a pivotal moment for Vangst, indicating strong investor confidence in its business model and future potential. This capital infusion is anticipated to accelerate Vangst's strategic initiatives, likely involving the enhancement of its platform capabilities, expansion into new geographic markets, and further development of its service offerings. The company is poised to leverage this financial backing to solidify its leadership in cannabis recruitment and talent solutions, potentially exploring new avenues for growth and innovation within the evolving industry landscape.
See full Vangst company page
