Total amount raised
$1.7 Millions
Latest funding date
Location
Title
Apex Trading has successfully raised $1.67 million in a funding round led by 7thirty Capital and Welcan Capital, with additional investments from Sand Hill Angels. The platform offers comprehensive tools for inventory and order management, CRM, email marketing, and custom storefront solutions tailored for the cannabis industry.
Keep reading to explore the intricacies of Apex Trading's fundraising journey and the investors backing this innovative platform.
What Is Apex Trading?
Founded in 2018, Apex Trading is based in Portland, Oregon. The company was established by John Manlove, Rob Fess, and Willy Wheeler. With a team of 11-50 employees, Apex Trading offers a platform designed to streamline wholesale cannabis operations.
The platform provides tools for inventory and order management, CRM, email marketing, and custom storefront solutions. Apex Trading aims to simplify the complexities of the cannabis industry, making it easier for businesses to manage their operations efficiently.
By integrating features like real-time inventory management and automated invoicing, Apex Trading helps businesses stay organized and compliant. The company's innovative approach has made it a key player in the cannabis wholesale market.
How Much Funding Has Apex Trading Raised?
- Convertible Note
- Amount Raised: Not disclosed
- Date: January 2018
- Lead Investors: Not disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's operations and develop its initial platform.
- Seed Round
- Amount Raised: $1.7M
- Date: October 2019
- Lead Investors: 7thirty Capital, WelCan Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance progress in the cannabis sector, transform into a national operator, and launch Bushel44.
- Convertible Note
- Amount Raised: Not disclosed
- Date: April 2021
- Lead Investors: Not disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale operations and expand market reach.
Total Amount Raised: $1.7M
Current Valuation: Not publicly disclosed
Key Investors
- Sand Hill Angels
- Details: Sand Hill Angels is a group of Silicon Valley angel investors passionate about entrepreneurship and the commercialization of disruptive technologies. They have a strong track record of investing in early-stage companies.
- Investment Focus Areas: Disruptive technologies, early-stage startups, software.
- Notable Investments: Not specifically listed, but known for early-stage technology startups.
- 7thirty Capital
- Details: 7thirty Capital is a venture capital firm that focuses on the cannabis industry. They led a $1.67M funding round for Apex Trading.
- Investment Focus Areas: Cannabis industry, technology, health and wellness.
- Notable Investments: Not specifically listed, but they focus on the cannabis industry.
- Welcan Capital
- Details: Welcan Capital is a venture capital firm based in New York that invests in the cannabis industry. They co-led the $1.67M funding round with 7thirty Capital.
- Investment Focus Areas: Cannabis industry, technology, sustainability.
- Notable Investments: Not specifically listed, but they focus on the cannabis industry.
- Panther Opportunity Fund
- Details: Panther Opportunity Fund is an investment fund that participated in Apex Trading's recent funding round. They focus on high-growth potential companies.
- Investment Focus Areas: High-growth potential companies, technology, cannabis.
- Notable Investments: Not specifically listed, but they participated in Apex Trading's funding round.
- SilverLeaf Venture Partners
- Details: SilverLeaf Venture Partners is an investment firm that participated in Apex Trading's recent funding round. They focus on innovative and high-growth sectors.
- Investment Focus Areas: Innovative sectors, high-growth companies, cannabis.
- Notable Investments: Not specifically listed, but they participated in Apex Trading's funding round.
What's Next for Apex Trading?
With the recent $1.67 million funding, Apex Trading is poised to expand its footprint in the national cannabis market and launch Bushel44, a new platform for hemp businesses. Serving over 1,000 companies and projected to achieve over $100 million in transactions this year, the opportunities for growth are substantial.
Future fundraising rounds are likely as the company scales and attracts more investors, driven by the increasing demand for business management solutions in the cannabis industry. However, navigating regulatory landscapes and maintaining platform quality while scaling operations will be significant challenges.
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