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Flowhub

Flowhub

A company offering an online cannabis retail management platform for dispensaries.

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.

Funding
Seed

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.
Series A

On April 13, 2017 Flowhub announced raising an additional $3.25 million in series A funding from Phyto Partners and Green Lion Partners.

Series A II

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.

Timeline

October 15, 2019
Flowhub raises a $23,000,000 series A round from Poseidon.
April 12, 2017
Flowhub raises a $3,250,000 series A round from Green Lion Partners.
April 2017
Flowhub raises a $3,300,000 series A round from Green Lion Partners and Phyto Partners.
April 6, 2015
Flowhub raises a $500,000 seed round from Poseidon Asset Management.

Funding rounds

People

Name
Role
LinkedIn

Alex Moller

Employee

Flowhub Careers

Employee

Jonathan Eitel

Employee

Kyle Sherman

Founder

Further reading

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Companies

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News

Title
Author
Date
Publisher
Description
Jonathan Shieber
October 15, 2019
TechCrunch
As cannabis dispensaries flourish across the country alongside the push to legalize medicinal and recreational marijuana use, demand for tools to manage the specificities of the weed retail business continues to increase. Looking to address that need, Flowhub, a cannabis retail management software vendor, has raised $23 million from a consortium of investors including e.ventures, [...]

References

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