NEWS BRIEF

Marijuana employment company raises $2.5 million

A cannabis industry-focused job recruitment firm has raised $2.5 million in seed funding.

Denver-based Vangst will use the capital to expand its online jobs marketplace and improve recruiting technology and internal infrastructure, according to a company news release.

The funding round was led by Lerer Hippeau, a New York-based venture capital firm with worldwide investments.

Casa Verde Capital, a venture capital firm founded by rapper Snoop Dogg, also invested in Vangst.

It’s the second investment this week by Casa Verde Capital, which closed a $45 million capital raise a week ago.

According to the release, Vangst has brought together roughly 300 companies with 5,000-plus workers and hopes to “add 10,000 employees to the cannabis sector over the next two years.”

Vangst, founded in 2014, also has an office in Los Angeles.

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