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Alleaves, a Deerfield Beach, Fla.-based cannabis enterprise resource planning (ERP) seed-to-sale technology platform provider, is finalizing its $40m Series A funding.
The round was led by The Eleven Fund at a valuation of $240 million.
With the completion of this strategic funding, the company will embark on an accelerated multi-state commercial roll out with many of the industry’s leading MSOs. In addition, Alleaves will seek to acquire and roll up other complementary cannabis technology platforms to both expand its customer base and to create a comprehensive and seamless real-time seed-to-sale software, transaction, and compliance platform.
Launched in 2018 by ERP software veterans Mike Beedles and Ken Condren, Alleaves provides a real-time, transparent seed-to-sale tracking and ERP platform for cannabis operators. It can be offered as a full seed-to-sale system, or it can combine with current systems to provide reporting and business analytics. It features Real Time Sensor Fusion technology, which enables the SaaS platform to provide clarity across multiple processes, partners, and integrations with ease.
FinSMEs
19/07/2022
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