Eaze-y money: Medical cannabis delivery app raises $13 million

Eaze, the company behind a popular app for medical marijuana deliveries, announced Monday that it has raised $13 million in a Series B financing round.

The round was led by Fresh VC, a 2-year-old venture capital firm whose co-founder, Brian Sheng, previously worked for China’s largest venture capital firm, Shenzen Capital Group. Other Series B investors include DCM Ventures, Tusk Ventures, Winklevoss Capital and Rose Capital.

San Francisco–based Eaze has raised more than $25 million in total funding to date, according to a press release.

Founded in 2014, the company is hoping to take advantage of the marijuana industry’s potential for rapid growth in the coming years. Next month, five states – including California – will vote on recreational cannabis legalization and several others will vote on measures tied to medical marijuana.

Eaze plans to spend the Series B money on expansion to other markets, new hires and product development. The tech company helps facilitate MMJ deliveries to patients in almost 100 California cities, the press release said.

Past investors in Eaze include Case Verde, the marijuana-focused investment firm founded by rapper Snoop Dogg.