Eaze co-founder inks $5 million raise for marijuana logistics firm

Advanced multi-tier cannabis grow strategies unveiled. Learn from the pros at Pipp Horticulture on how to maximize your indoor yield and avoid costly mistakes through effective planning and design and system integrations. Join us Sept. 20 at 2 p.m. EST. Don’t miss this free webinar.

A former executive of marijuana tech startup Eaze has raised $5 million for a new B2B logistics and e-commerce platform, Wayv.

Based in Los Angeles, Wayv allows marijuana retailers to buy from a network of licensed cannabis companies and receive next-day deliveries. The platform integrates real-time tracking, regulatory and compliance features.

Keith McCarty, a co-founder and former CEO of cannabis delivery firm Eaze and a former executive at social networking start-up Yammer, heads the new company.

The $5 million raise was led by Craft Ventures, a tech-focused fund co-founded by former PayPal executive David Sacks.

“As California moves to a regulated and licensed system, there is a long tail of retailers and brands in the industry that need to be connected,” Sacks said in a news release.

Distribution is an ongoing challenge across California, which requires a separate license to transport cannabis.