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Charlotte's Web Announces Us$56.8 Million Investment From Bat

PUBLIC · CWBHFNov 15, 2022

Amount Raised

$56.8 Million

Round Type

Venture

LouisvilleManufacturingHealth CareSportsFashion

Investors

Web Holdings

Description

(TSX: CWEB) (OTCQX: CWBHF) Charlotte's Web Holdings, Inc. ("Charlotte's Web," or the "Company") the market leader in hemp-derived cannabidiol ("CBD") wellness products, today announced a US$56.8 million investment (the "Investment") from a subsidiary of BAT (LSE: BATS) and (NYSE: BTI), which provides the Company with incremental capital to fund growth initiatives, including the Company's expanding portfolio of botanical wellness products.

Quick answer

Charlotte's Web raised $56.8 Million in a funding round, dated November 15, 2022. Investors: Web Holdings. Charlotte's Web is based in Louisville, Colorado, United States.

How much did Charlotte's Web raise?
Charlotte's Web raised $56.8 Million in a funding round on November 15, 2022.
Who invested in Charlotte's Web?
Web Holdings is named as investors in this round.
What does Charlotte's Web do?
Charlotte’s Web wasn’t started as a company, it started as a mission to create a world where good health is attainable for all.
Where is Charlotte's Web based and how big is it?
Charlotte's Web is based in Louisville, Colorado, United States.
Who are the decision-makers at Charlotte's Web?
Fundz holds 2 contacts at Charlotte's Web, including the Chief Storyteller. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Sports and Fashion around the same time

Companies in the same sectors as Charlotte's Web that raised within 45 days of this round, from Fundz verified event records.

  • ByHeart raised $30M on December 30, 2022.
  • CytoSorbents Corporation raised $5M (Debt Financing) on December 29, 2022.
  • Endovia Health Sciences, Inc. raised $4M (Seed) on December 27, 2022.
  • Suturegard Medical raised $8K (Seed) on December 22, 2022.
  • CARMAT raised an undisclosed amount (Funding Round) on December 19, 2022.
  • LSL Healthcare raised an undisclosed amount on December 15, 2022.

Who to call at Charlotte's Web, and when

A new round usually means Charlotte's Web is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Charlotte's Web raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Charlotte's Web, from your own LinkedIn network

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Company Information

Company

Charlotte's Web

Location

Louisville, Colorado, United States

About

Charlotte’s Web wasn’t started as a company, it started as a mission to create a world where good health is attainable for all. The Charlotte's Web extract was something we gave away to people who could benefit from it, a few at first and then many. We labor every day to make this dream a reality and dedicate all our efforts to making the most trustworthy and dependable hemp products. From our seeds, soil, and hands-on approach to farming, to our own FDA registered manufacturing facilities, our rigorous standards for quality and consistency set Charlotte’s Web products apart. That’s why we are the leader in the industry in product quality, safety, and consistency. Our high-quality hemp extract harnesses powerful botanical benefits. Our field is the science of botanics and unlocking their power is our focus. To that end, our mission remains at the core of everything we do: improve lives, naturally.

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Related People

2 contacts
Verified contactsMary A., Chief Storyteller hidden hiddenSee plans and pricing
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Charlotte's Web raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.