Seattle-Based Leafly Raises $23M 120M Deep Pockets of GeekWire

Seattle-based Leafly, the world’s largest medical cannabis information resource, recently announced that it has raised $23 million in funding from GeekWire’s 120M Deep Pockets. The new funds will be used to expand Leafly’s operations, as well as to invest in its research and development capabilities.

The funding round was led by GeekWire and included additional backers such as Founders Fund, DCM Ventures, and 8VC. This influx of capital will enable Leafly to expand its product offerings and further its mission to better serve the needs of the medical cannabis community.

Overview of Seattle-Based Leafly

Leafly is a Seattle-based medical cannabis information resource, founded in 2008 by CEO Cy Scott. Leafly provides detailed information about the medical cannabis market, helping both medical cannabis users and medical professionals make informed decisions about their treatment.

Leafly also offers a range of products and services, such as an online shop and dispensary locator, as well as its own mobile app. Leafly has been a pioneer in the medical cannabis industry, and is the world’s largest medical cannabis information resource.

Details of the Funding Round

Leafly recently announced that it has raised $23 million in funding from GeekWire’s 120M Deep Pockets. This influx of capital will enable Leafly to expand its product offerings and further its mission to better serve the needs of the medical cannabis community. The funding round was led by GeekWire and included additional backers such as Founders Fund, DCM Ventures, and 8VC.

Expansion of Leafly’s Product Offerings

The new funding round will allow Leafly to expand its product offerings and grow its customer base. Leafly currently offers a range of products and services, such as an online shop and dispensary locator, as well as its own mobile app. With the new funding, Leafly will be able to invest in additional products and services, as well as expand existing offerings.

This will include expanding its dispensary locator across the United States and Canada, as well as developing new products such as cannabis delivery services.

Investment in Research and Development

Leafly will also use the new funding to invest in its research and development capabilities. This will include investing in new technologies, such as artificial intelligence and machine learning, to improve the accuracy and efficiency of its products and services. Leafly will also use the funding to expand its team of scientists and researchers, allowing the company to develop new products and services that meet the demands of the medical cannabis market.

Impact of the Funding Round

The new funding round will have a significant impact on Leafly’s operations. The influx of capital will allow Leafly to expand its product offerings and grow its customer base, as well as invest in research and development. This will enable Leafly to better serve the needs of the medical cannabis community, as well as create new opportunities for growth.

Conclusion

Leafly recently announced that it has raised $23 million in funding from GeekWire’s 120M Deep Pockets. This influx of capital will enable Leafly to expand its product offerings and further its mission to better serve the needs of the medical cannabis community. The funding round was led by GeekWire and included additional backers such as Founders Fund, DCM Ventures, and 8VC.

The new funding round will have a significant impact on Leafly’s operations, allowing the company to expand its product offerings and invest in research and development.