RELEASE: Flourish Completes Seed Financing Round
FOR IMMEDIATE RELEASE: July 22, 2019
BOULDER, COLORADO – Flourish Software, a leading seed-to-sale software platform for the legal cannabis industry, today announced completion of a $2.1 million seed financing round. 7thirty Opportunity Fund led the investment round with participation by new and existing investors. The investment brings Flourish’s total funding to $3.4 million since launching its seed-to-sale platform in 2017. 7thirty’s managing partner, Micah Tapman, will join the Flourish Software Board of Directors. 7thirty Capital was the agent on the transaction.
“Flourish Software is excited to have the support of 7thirty, one of the top professional asset management groups focused on the cannabis sector. They not only provide capital but also an extensive network of professionals across the cannabis ecosystem,” said Colton Griffin, CEO of Flourish Software.
Flourish’s focus on multi-state and multi-location operators, combined with the management team’s deep knowledge of enterprise operations, provides much needed sophistication to the seed-to-sale sector. Clients turn to Flourish when they need:
- Easy to use enterprise grade software to stay compliant
- Robust reporting and analytics for complex logistical operations;
- A partner who with world class customer service that they can trust
This financing enables Flourish to aggressively expand its sales and marketing efforts and accelerate product development.
"Flourish Software is an emerging leader in the seed-to-sale segment of the legal cannabis industry and provides value to a range of customers across the cannabis supply chain,” said Micah Tapman, Managing Partner at 7thirty. “Flourish has a foothold in key US states and its sales continue to accelerate in the medical marijuana, recreational marijuana, and hemp sectors. 7thirty is excited to partner with Flourish to deliver a market-leading seed-to-sale solution for the cannabis industry.”
About Flourish Software
Flourish Software is a leading technology provider of enterprise supply chain and inventory management software built for the cannabis industry. Flourish currently serves cultivators, manufacturers, processors, wholesalers, distributors and retailers. Flourish is integrated with state compliance systems, so cannabis operators remain compliant while they capture critical business data, operate more efficiently, track product from seed to sale, and leverage advanced analytics. Flourish Software was founded in 2017 and is headquartered in Atlanta, Georgia.
About 7thirty Capital
7thirty is a merchant banking group focused on the legal cannabis, hemp, and ancillary markets. 7thirty identifies investment opportunities in emerging cannabis companies related to ag-tech, med-tech, retail, e-commerce, SaaS solutions, and marketplaces. The 7thirty team includes cannabis investment veterans experienced in commodities, agriculture, technology & trading operations. 7thirty take a hands-on approach to investing, working with leading companies to devise smart strategies to thrive in this rapidly evolving market. 7thirty is headquartered in Boulder, Colorado with offices in New York City and Los Angeles.
To learn more about 7thirty, visit: www.7thirtycapital.com.
Contact person: Jeffrey Wright
Address: 715 Peachtree Street NE, Suite 2068, Atlanta, GA. 30308
Micah Tapman, +1.303.357.0378 x705