What is Xtraction Services?
Xtraction Services, operating through its subsidiary Xtraction Subco, is a key partner for equipment manufacturers and oil processors across the United States. The company specializes in providing flexible leasing options, enabling processors to acquire necessary equipment for the rapidly expanding concentrates market while managing payments over time. With a management team boasting a proven history in scaling high-growth businesses, product development, finance, and operational best practices, Xtraction is strategically positioned to support cannabis and hemp processors in scaling their operations and accessing large-scale industrial equipment.
How much funding has Xtraction Services raised?
Xtraction Services has raised a total of $11.4M across 4 funding rounds:
Unspecified
$5M
Series B
$2.8M
Series C
$3M
Debt
$571K
Unspecified (2017): $5M with participation from Archytas Ventures
Series B (2018): $2.8M led by Ollerhead Capital, Archytas Ventures, and Quinsam Capital
Series C (2018): $3M supported by Archytas Ventures
Debt (2019): $571K, investors not publicly disclosed
Key Investors in Xtraction Services
Archytas Ventures
Archytas Ventures is a private, opportunistic investment holding company with offices in New York and Los Angeles. Archytas Ventures provides strategic capital solutions to the emerging and undercapitalized cannabis industry.
Ollerhead Capital
Ollerhead Capital is an investor in Xtraction Services' Series B funding round. Further details on their investment focus are not publicly available.
Quinsam Capital
Quinsam Capital is an investment firm that participated in Xtraction Services' Series B funding. Their specific investment thesis is not detailed.
What's next for Xtraction Services?
The recent major strategic investment signals a pivotal moment for Xtraction Services, likely enabling accelerated growth and market penetration. This capital infusion is expected to bolster the company's leasing capabilities, expand its equipment offerings, and potentially drive further innovation in financial solutions for the cannabis and hemp processing sector. The company's focus on providing accessible, scalable equipment solutions positions it to capitalize on the increasing demand for concentrates, suggesting a future centered on strategic partnerships and enhanced service delivery to meet evolving industry needs.
See full Xtraction Services company page
