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On-Demand Marijuana Delivery Startup Eaze Raises $10 Million As Investors Grow Less Skittish

Submitted by Marijuana News on Tue, 04/14/2015 - 08:16

A $10 million Series A funding round is a milestone many startups never hit — but for a weed startup, it’s almost unheard of.

Eaze is a service that connects medical marijuana patients with dispensaries, and its funding round, announced Tuesday, is one of the biggest raised by a startup in the cannabis industry, an area that many investors have been slow to embrace. It’s welcome news for Eaze, for all of its competitors and for anyone interested in building technology products around weed.

“It signals that technology services can be successful service the cannabis category,” said Eaze CEO and founder Keith McCarty. “It also signals that regulatory landscapes are loosening up, and venture capitalists see the broader market continuing in that direction.”

The timing of the app’s launch — last July — was perfect, McCarty says. It was the first Uber-for-weed startup to market and has been...

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URL: 
http://www.forbes.com/sites/ellenhuet/2015/04/14/marijuana-delivery-startup-eaze-raises-10-million/

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