reez, a San Francisco, CA-based leading enterprise cloud commerce platform that powers retail and supply chain operations for the cannabis market, announced the completion of a $51 million Series C funding at a valuation of over $260 million.
The round brings new investment from Long Ridge Equity Partners, Kayne Partners, and Synchrony. Existing investors also participated in the round.
Treez will use the funding to fuel its aggressive sales growth, accelerate product innovation, including developing new payments and advanced analytics solutions, enhance the functionality of its open cloud commerce platform for single-store and multi-store operators, and expand its geographic reach.
As part of the funding round, Treez named Angad Singh, partner at Long Ridge, and Gowri Narayanan, an experienced FinTech investor and global leader, to the Board of Directors.
Company: Treez Inc.
Raised: $51.0M
Round: Series C
Funding Month: April 2022
Lead Investors: Long Ridge Equity Partners, Kayne Partners, and Synchrony
Additional Investors:
Company Website: https://www.treez.io/
Software Category: Enterprise Cloud Commerce Platform
About the Company: Treez is the leading enterprise cloud commerce platform that streamlines retail and supply chain operations within the cannabis market. Through its innovative technology for retailers and brands, the company provides a robust breadth and depth of software solutions required to operate a successful modern dispensary. Solutions include point of sale, dispensary inventory management, omnichannel sales capabilities, and multiple cashless payment options all on a mission-critical platform that ensures regulatory compliance across every supply chain transaction. The innovative platform also connects essential brands with their retailers through a centralized brand catalog with real-time market insights. The extensible open API platform provides smooth integration into a variety of best-of-breed solutions, including CRM, marketplace, cashless payments, and data analytics across the partner ecosystem, giving retailers everything, they need to grow their business.
Source: https://www.prnewswire.com/news-releases/treez-secures-51-million-in-series-c-funding-now-valued-at-260-million-driven-by-rapid-growth-301529325.html