Fundz

Supernet Raises Series A To Fund 2022 Cannabis Credit Card Launch

PRIVATEDec 16, 2021

Round Type

Series A

Las VegasFinancial ServicesCommunity And LifestylePayments

Description

SuperNet, the only payment network that officially accepts and grants permission to process transactions from cannabis merchants, closed on financing an undisclosed amount in their series A aimed at helping launch their credit card in 2022.

Quick answer

Super Net raised an undisclosed amount in a Series A round, dated December 16, 2021. Super Net is based in Las Vegas, Nevada, United States.

How much did Super Net raise?
Super Net raised an undisclosed amount in a Series A round on December 16, 2021.
What does Super Net do?
SuperNet is the first payment network to serve the cannabis industry.
Where is Super Net based and how big is it?
Super Net is based in Las Vegas, Nevada, United States.

Source: Fundz verified event record.

Who else raised in Financial Services and Community And Lifestyle around the same time

Companies in the same sectors as Super Net that raised within 45 days of this round, from Fundz verified event records.

  • Anchorage Digital raised $350M (Series D) on December 15, 2021.
  • Anchorage Digital raised $350M (Funding Round) on December 15, 2021.
  • Payfactory raised an undisclosed amount on January 25, 2022.
  • Fathom raised $4.7M (Seed) on January 24, 2022.
  • Shakepay raised $44M (Series A) on January 20, 2022.
  • Otis Ai raised $2.5M (Seed) on January 18, 2022.

Who to call at Super Net, and when

A new round usually means Super Net is about to hire and buy. The teams that reach out first get the meeting.

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

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Company Information

Company

Super Net

Location

Las Vegas, Nevada, United States

About

SuperNet is the first payment network to serve the cannabis industry. Similar to Discover and American Express, SuperNet acquires new credit card holders by partnering with financial institutions and cannabis merchants and is the only payment network that officially accepts and grants permission to process transactions from cannabis merchants. SuperNet is technology rich and clears all transactions on a proprietary high velocity payment processing platform. For more information, visit https://supernet.ai/ SOURCE SuperNet

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Super Net raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, 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.