What is Würk?
Founded in 2015 and based in Denver, Colorado, Würk provides a comprehensive software platform designed to streamline operations for cannabis industry employers. The company's offerings extend to HR and Payroll consulting services, aiming to protect and optimize businesses within this highly regulated sector. Würk's focus on the unique challenges of the cannabis market positions it as a key player in providing essential business infrastructure.
How much funding has Würk raised?
Würk has raised a total of $17.5M across 4 funding rounds:
Angel/Seed
$1M
Angel/Seed
$2M
Unspecified
$11M
Series A
$3.5M
Angel/Seed (2016): $1M with participation from CanopyBoulder, Arcview Group, and Poseidon Asset Management
Angel/Seed (2017): $2M led by Poseidon Asset Management, Salveo Capital, and Phyto Partners
Unspecified (2019): $11M supported by Poseidon Asset Management, Altitude, Arcadian Fund, Salveo Capital, Phyto Partners, and Arcview Group
Series A (2021): $3.5M featuring Poseidon Asset Management, Wurk Investment Partnership, The Arcview Group, and Salveo Capital
Key Investors in Würk
Poseidon Asset Management
Poseidon Asset Management is a pioneer in the cannabis investment sector, specializing in hedge funds focused exclusively on marijuana and hemp. The company has launched multiple funds, including the recently opened Poseidon Garden Fund aimed at accredited investors. Since its inception in 2014, Poseidon has been dedicated to investing in the cannabis industry.
Salveo Capital
Salveo Capital is focused on funding the future of the legal cannabis industry by applying institutional quality discipline to company vetting, investment structures, and portfolio management. The company aims to empower entrepreneurs by partnering with driven individuals and providing support beyond just capital.
The Arcview Group
The Arcview Group, founded in 2010 and headquartered in San Francisco, California, is an industry investment and research company that provides financing for cannabis-related businesses and projects through its network of investor members.
What's next for Würk?
The recent major strategic investment signifies a pivotal stage for Würk, likely indicating a move towards scaling operations, expanding market reach, and potentially enhancing its platform's capabilities. This backing from prominent investors in the cannabis and venture capital space suggests confidence in Würk's business model and its potential for significant future growth. The company is well-positioned to leverage this capital for strategic initiatives, further solidifying its role in supporting the burgeoning cannabis industry.
See full Würk company page
