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Home 🌿 Cannabis Technology News 🌿 Cannabis Market Data Firm BDS Analytics Raises $1.5MM 🌿Cannabis Market Data Firm BDS Analytics Raises $1.5MM
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The subscription service is currently unavailable. Please try again later.BOULDER, Colo.--(BUSINESS WIRE)--
BDS Analytics, a Colorado-based market intelligence firm, announced today it has successfully closed its first round of funding, raising $1.5 million, two-thirds more than its funding goal of $900,000. The deal includes both angel and institutional investors.
“We’re pleased and grateful for this response from investors,” said Roy Bingham, founder of BDS Analytics. “With an experienced team and a strong platform, we’re eager to provide data and insights to cannabis industry companies who want to succeed.”
Bingham, a Harvard MBA and former McKinsey consultant, started BDS Analytics after noticing that the emerging legal industry lacked the kind of sophisticated, sales-based data that is both commonplace and essential in other, more established industries. In those industries, market research – and consumer behavior – drive everything from new product development to inventory and branding decisions.
BDS Analytics co-founder Liz Stahura, who spent the past decade at one...
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