Dutchie, a four-year-old, Bend, Oregon company that charges cannabis dispensaries a monthly fee to create and run their websites and manage orders, is on a roll this year, raising its second large round of funding — this time a $350 million Series D at a $3.75 billion valuation. (Photo Credit: Dutchie/Dutchie Co-founders Ross Lipson and Zach Lipson) The new valuation is more than double what was announced in March when Dutchie brought in $200 million in Series C funding at a $1.7 billion valuation. At the time, the valuation was roughly eight times the $200 million valuations the company had after closing on $35 million in Series B funding last August. The latest funding round is led by D1 Capital Partners, with participation from existing investors, including Tiger Global, Dragoneer, DFJ Growth, Thrive Capital, Gron Ventures and Casa Verde Capital. New investors include Willoughby Capital, Glynn Capital, and Park West Asset Management. The latest funding round boosts the company’s total funding to over $600 million.

420 Intel – Marijuana Industry News, 10/13/2021 20:00:00

Open article: https://420intel.com/articles/2021/10/14/cannabis-commerce-company-dutchie-doubles-valuation-following-new-funding-round