Eaze, a leading cannabis technology company based in San Francisco, announced today an additional $27 million in Series B financing led by Bailey Capital, with participation from DCM Ventures. This brings Eaze’s total funding to $52 million.
Eaze connects customers through its mobile app or website to delivery drivers from local, legal dispensaries in most California cities. This has transformed how people legally access marijuana. Patients needing a medical recommendation can also connect with board-certified doctors through Eaze.
Eaze sales are rising explosively, up 300% versus a year ago. Founded in 2014, it now has over 300,000 users in California, handling over 120,000 deliveries per month. Through its business, it acquires large amounts of industry data which it shares with industry and media partners through its Eaze Insights Program.
According to said James Bailey, Managing Partner of Bailey Capital, Eaze’s “focus on the customer experience, wide selection, competitive pricing and fast delivery meets the demand of today’s consumer.”
Bailey Capital was founded in 2015 to back companies in pioneering industries where institutional investors will not invest. They have made investments throughout the cannabis industry.