The celebrities are backing a startup that provides software for online marijuana purchases
Oregon-based software company Dutchie has found two new friends. The company, which develops software for online marijuana shopping and deliveries, announced that Snoop Dogg and Kevin Durant have invested in the company. Dutchie indicated that the company will use the funds to launch a nationwide expansion campaign.
In its latest funding round, Dutchie acquired $3 million in venture capital. The company’s main investor is Casa Verde Capital, which is backed by Snoop Dogg. Durant, who is a small forward for the Golden State Warriors, contributed through his Durant Company.
According to Casa Verde Managing Partner Karan Wadhera, “Dutchie addresses needs for both consumers and retailers, which makes it an exciting product for the industry. We also are big fans of Ross, the co-founder and CEO, who has shown his ability to grow and scale businesses in the online delivery space.”
The funding round is could be the most successful ever in Bend. According to Brian Vierra of Economic Development for Central Oregon, “It’s the largest local round of seed financing I have seen, or know about, in the seven years I have been in Bend.” Previously, the largest funding round was with a robotics software firm, which attracted $2 million in 2016.
Dutchie now has its software in 100 dispensaries in Oregon. The platform ties directly to the dispensary’s point-of-sale system and allows users to place orders online, as well as to schedule home delivery. Eventually, the company hopes to be available in all 31 states that have legalized some form of marijuana use, as well as in Canada.
