A marijuana software company that aims to streamline business services for medical marijuana dispensaries and cultivators announced on Tuesday that it has completed a $2.1 million capital raise.
California-based Meadow said it will use the money to hire more employees and continue improving its software, which is currently available to MMJ businesses in its home state.
The round of seed funding included investments from Slow Ventures, Liquid 2 Ventures, SOMA Capital and Poseidon Asset Management, among others.
The company’s software provides everything from point-of-sale and inventory management services to online ordering, delivery tracking and customer messaging. It also helps businesses stay in compliance with state regulations.
“We plan to connect the entire cannabis supply chain, from farm to flame,” said Meadow CEO David Hua in a press release.
Getmeadow.com, the company’s on-demand delivery service, launched in 2014 and now is utilized by 45 California companies, including both dispensaries and MMJ delivery companies.