Eaze, the medical marijuana delivery startup raises $13 million investment
There are startups in education space, tech space, finance space, etc. Well, now we have a tech startup in cannabis space. Obtaining Berry White and Bubba Kush is going to be easy for people with medical marijuana requirements.
Eaze, the medical marijuana delivery company, has raised $13 million investment in Series B funding round. The San Francisco-based startup was founded in 2014 by Keith McCarty, the former executive at Yammer, Microsoft. The startup began by delivering marijuana to San Francisco’s medical institutes. But, the startup has quickly grown to service around 100 cities in California. With this funding, Eaze plans to expand its market.
The company said that apart from expanding its market, the money will be used in growing the team and facilitate product innovation. The investment came from Tusk Ventures, DCM Ventures, Rose Capital, and Winklevoss Capital. This brings the startup’s total funding amount to $25 million. This also makes Eaze the most funded tech company in cannabis space. Looks like investors are finally moving to the cannabis market.
California has been voting for Proposition 64 — to legalize the use of marijuana for recreation. The government is yet to give its verdict. Currently, marijuana can be used only for medical purposes. The Eaze app allows the citizens of California (those who have a medical marijuana prescription) to place orders online.
The startup is already serving over 200,000 patients and has partnered with dispensaries in the state.