Flowhub cannabis tech platform raises $23 million

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Denver-based Flowhub, a marijuana software technology platform, raised $23 million in a Series A funding to bankroll its expansion.

The raise was backed by numerous investors, including existing stakeholders Phyto Partners, based in Boca Raton, Florida, and San Francisco-headquartered Poseidon Asset Management.

The $23 million of financing closed on this round brings the privately owned company’s total funding to $27 million, Flowhub said.

The company will use the new funds to continue investment in product innovation, hiring of new employees and to look for further partnerships.

More details on the raise can be found here.

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