Leaf Trade: Closes $12.5M Series B Funding Round

Leaf Trade Closes $12.5M Series B Funding Round

  • Leaf Trade, a Chicago, IL-based B2B cannabis technology platform provider, closed its $12.5 million Series B preferred round
  • The round was led by Artemis Growth Partners, bringing funding raised to date to a total of $22.5 million
  • The funding will accelerate Western market expansion of the online wholesale cannabis marketplace and digital payment infrastructure
  • LeafTrade is a technology company whose platform facilitates ordering and fulfillment for sellers and buyers of wholesale cannabis products
  • It powers ordering and fulfillment for cultivators, retailers, distributors, processors, and dispensaries in over 24 states, and facilitates nearly $2B in annualized net sales
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

Universal Launches UAE’s First Central Bank Registered Stablecoin

The new digital currency aims to enhance financial transactions in the UAE.Highlights: Universal launched the UAE's first Central...

Mastercard Launches BIN Sponsorship Programme for UK Fintechs

New initiative aims to support fintech innovation in the UK market.Highlights: Mastercard unveils BIN sponsorship programme for UK...

UAE Central Bank Trials Palm Payments, Amazon Abandons Technology

UAE's innovative palm payment trials contrast with Amazon's decision to discontinue similar tech.Highlights: UAE Central Bank begins trials...

Checkout.com Acquires Euro Stablecoin Issuer Blue for Expansion

The acquisition strengthens Checkout.com’s capabilities in the stablecoin market.Highlights: Checkout.com has acquired Blue, a euro stablecoin issuer.The acquisition...