Flowhub is a company offering an online cannabis retail management platform for dispensaries that is headquartered in Denver, Colorado and was founded in 2015 by Kyle Sherman. The Flowhub platform allows dispensaries to perform customer ID verification and check-in, point-of-sale, inventory management, reporting & multi-location management. FlowHub helps dispensary owners increase their revenue, reduce cost of their operations, manage risk & compliance, improve customer experience, scale operations, and connect other data and applications with FlowHub.
On April 6, 2015 Flowhub announced raising $500,000 in seed funding from Poseidon Asset Management. The CEO of Flowhub, Kyle sherman, made the following statements about the company's seed funding:
We have spent the past seven months in stealth mode designing an incredibly efficient seed-to-sale technology that will streamline grow-facility and dispensary operations while keeping businesses compliant. We couldn't have asked for two more strategic investors: the largest social network for cannabis consumers, MassRoots, and one of the most renowned institutional investors in the cannabis sector, Poseidon Asset Management.
On October 15, 2019 Flowhub announced raising an additional $23 million in series A funding from e.ventures, Poseidon Asset Management, Evolv Ventures, and 9Yards Capital.