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.