Dutchie Raises $350M In Financing Round To Fund Cannabis Commerce, Doubles Value To $3.75B

Dutchie Raises $350M In Financing Round To Fund Cannabis Commerce, Doubles Value To $3.75B

Cannabis tech company Dutchie announced Thursday that it has raised $350 million through a Series D financing round, following which the Bend, Oregon-based company is now valued at $3.75 billion, more than doubling the company’s valuation in less than seven months.

The financing round was led by D1 Capital Partners, with participation from previous investors, including Tiger Global, Dragoneer, DFJ Growth, Thrive Capital, Gron Ventures and Casa Verde Capital, as well as new investors, including Willoughby Capital, Glynn Capital and Park West Asset Management.

The transaction comes seven months after the closing of a $200 million Series …

Full story available on Benzinga.com