Mainstem -- The Leader In Redefining The Cannabis Supply Chain -- Announces $5 Million In Series C Funding, Bringing Total Raise To $11 Million

Aug 31, 2021•almost 4 years ago

Amount Raised

$5 Million

Round Type

series c

Seattle

Description

MAINSTEM — the integrated purchasing platform with an embedded marketplace that redefines the complex supply chain needs of the nascent cannabis industry — today announced the completion of its latest round of funding, securing $5 million in its recent Series C raise. While not plant-touching, MAINSTEM concentrated years of market feedback into the development of their proprietary integrated SaaS solution, Purchase ProTM, launched in June as the industry's first and only cannabis-specific procurement software. Purchase ProTM gives operators a platform that performs as a 'single pane of glass,' integrates into their existing applications, and allows visibility and control over their procurement needs across the industry.

Company Information

Company

Mainstem

Location

Seattle, Washington, United States

About

The leading B2B marketplace and integrated supply purchasing platform for the cannabis industry, MAINSTEM was founded in Seattle, Washington, in 2014. Since its inception, MAINSTEM has evolved to redefine the cannabis supply chain. An integrated SaaS provider, MAINSTEM innovates through the alignment of its proprietary Purchase ProTM product, the industry's first and only cannabis-specific procurement software. Dedicated to supporting cannabis companies' growth through robust technology and partnerships with growers, manufacturers, and dispensaries, MAINSTEM offers a one-stop 'Amazon solution' that works for businesses in all states where cannabis companies legally operate. MAINSTEM exists to eliminate supply chain challenges within the fast-growing cannabis industry. Learn more at mainstem.io. SOURCE MainStem