What is Xtraction Services?
Xtraction Services partners with equipment manufacturers and oil processors across the U.S., providing flexible leasing options for essential equipment. This model enables processors to access necessary machinery for the rapidly expanding concentrates market while managing payments over time. The company's management team possesses a strong background in scaling high-growth businesses, product development, finance, and operational best practices, positioning Xtraction to support cannabis and hemp processors in scaling their operations and capitalizing on market opportunities.
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 Quinsam Capital, Archytas Ventures, and Ollerhead 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 investment holding company that provides strategic capital solutions to the emerging cannabis industry.
Quinsam Capital
Quinsam Capital is an investment firm that has participated in Xtraction Services' funding rounds.
Archytas Ventures
Archytas Ventures provided strategic capital solutions to the emerging cannabis industry, investing in Xtraction Services.
What's next for Xtraction Services?
The recent major strategic investment signals a pivotal phase for Xtraction Services, likely aimed at accelerating market penetration, expanding its equipment portfolio, and enhancing its leasing infrastructure. This capital infusion is expected to bolster the company's capacity to serve a growing client base within the burgeoning concentrates market. Future developments may include strategic partnerships, technological advancements in equipment leasing, and further geographic expansion to solidify its position as a key enabler of growth in the cannabis and hemp processing industry.
See full Xtraction Services company page
