Sanity Group Closes $44.2M Series A

Jun 15, 2021•about 4 years ago

Amount Raised

$44.2 Million

Round Type

series a

Berlin

Description

Berlin-based cannabis start-up Sanity Group announced today it has closed a $44.2M USD Series A financing round with new investment led by Swiss venture capital firm Redalpine along with US-based Navy Capital and SOJE Capital. GMPVC also participated in the round.

Company Information

Company

Sanity Group

Location

Berlin, Maryland, United States

About

Sanity Group has set itself the goal of improving people's quality of life through the sensible use of cannabinoids in Europe. In addition to pharmaceuticals, the focus is also on cannabinoid-based wellbeing and cosmetic products. At the same time, Sanity Group is also working and researching new medical products, innovative dosage forms and technological products and services for the further development of the infrastructure. Sanity Group was founded in 2018 by Finn Age Hänsel and Fabian Friede and now employs a team of over 90 people: at the headquarters in Berlin and the research site near Frankfurt am Main. The Sanity Group brands are Vayamed (pharmaceuticals), VAAY (CBD products) and This Place (functional cosmetics). More information at sanitygroup.com.

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