About this raise
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
Not Funded: $19,203
Deal Terms
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 |