Cannabis Business Network Leafwire Finalizes $1 Million Funding, Shares a New Marketplace Function
Leafwire, the biggest cannabis business network globally, has announced the closing of a seed round of $1 million. The network has been growing rapidly, with more than 1,000 members visiting the platform on a daily basis. Currently, the Leafwire has over 16,000 members, and is anticipated to surpass 25,000 members by the end of 2019. Besides the seed round announcement, Leafwire has also announced its new market feature launch.
The Leafwire market place will act as an active cannabis directory with over 50 categories ranging from payment processing, legal services, domain names to packaging. Leafwire’s cannabis-friendly directory has been designed for and based on member requests, where every person can find and connect with the precise cannabis services they are looking for.
According to CEO Peter Vogel, Leafwire was built to create a safe place where business professionals in the cannabis industry can connect, find investors and employees, and share ideas – something that other industries have taken for granted.
Leafwire’s $1 million seed round is inclusive of investments from Silverleaf venture partners, One East Partners, Key Investment partners, and Network ventures.
Founding partner of Key Investment Partners Jordan Youkilis expressed his confidence in Leafwire, claiming that they became investors in the platform because Leafwire has been an invaluable deal flow for them even in their early stages. Youkilis claimed that Leafwire has helped them get dozens of entrepreneurs that they would not have otherwise met.
Besides the marketplace, Leafwire expects to launch one of the biggest cannabis industry job boards soon. The cannabis job board has been one of the most requested features by both Job seekers and companies looking for employees.
Speaking about his success on Leafwire, Greenleaf HR business consultant and investor Greg Cowan said that he was amazed at how fast networking at Leafwire paid off. Cowan got into a client service agreement after cold-calling someone he read on an article posted by one of his connections describing the banking challenges in the CBD industry.