Cannabiscope
[Closed for Investment] Cannabiscope, a cannabis-focused SaaS platform, is raising funds on MicroVentures. The company has a valuation cap of $4 million and works as the link between cannabis retailers and consumers. The Cannabiscope platform makes it easier for the CBD/THC retailers to showcase their products and for the consumers to learn more about the products before purchasing. David Schacter and Paul Shockley founded Cannabiscope in 2018 and have raised $138,000 in previous rounds of financing. The current crowdfunding round has a minimum target of $50,000 and a maximum target of $396,072, and the proceeds will be used for R&D, marketing, and general working capital. Cannabiscope already has over 257 active businesses and has conducted two successful pilot tests.
Investment Overview
Raised: $19,203
Deal Terms
Total Commitments ($USD)
- Platform
- Microventures
- Start Date
- 04/19/2021
- Close Date
- 10/11/2021
$50,000
$396,072
$100
Convertible Note
Seed
RegCF
$4,000,000
20%
Company & Team
Company
- Year Founded
- 2015
- Industry
- Alcohol, Tobacco, & Recreational Drugs
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Low
- Capital Intensity
- Low
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 10/11/2021 | Microventures | $4,000,000 | $19,203 | Convertible Note | Not Funded | RegCF |
| 12/09/2019 | Microventures | $2,500,000 | $134,420 | Convertible Note | Funded | RegCF |
Growth Charts
Revenue History
Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.
Valuation History
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.