# Akerna

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/akerna

- Industry: Software
- Headquarters: Denver, US
- Website: www.akerna.com
- Total disclosed funding: $21M
- Latest round: Series C (Sep 15, 2018)
- Investors on record: 3

## About

Akerna Corp. is a US-based software company specializing in regulatory compliance solutions for the cannabis industry, offering robust technology platforms to ensure compliance and streamline operations.Founded in 2010 in Denver, Colorado, Akerna Corp. develops software solutions aimed at the legal cannabis market. The company transitioned to a focus on regulatory technology, enhancing its software offerings. Jessica Billingsley is both the CEO and co-founder of Akerna, having a background in facilitating compliance solutions through technology. In October 2020, Akerna Corp. raised USD 12 mn in a Private Placement/Follow on by selling 5 million shares at USD 2.4 per share on the Nasdaq, with all VC investors exiting their stake. The total amount raised by the company amounts to USD 12 mn across 6 deals.Akerna Corp. provides cutting-edge software solutions designed for compliance and operational efficiency in the cannabis industry. Its primary offerings include tools for tracking inventory, managing sales, and ensuring adherence to state regulations, which are critical for cannabis businesses to operate legally and effectively. Akerna's technology supports businesses looking to navigate the complexities of regulatory requirements in the cannabis sector, ultimately enhancing operational transparency and compliance.In 2024, Akerna Corp. reported revenue of USD 20.54 mn, with an EBITDA of USD -6.57 mn for the same year.Akerna Corp. plans to leverage the USD 12 mn raised in October 2020 to enhance its product offerings and expand its market reach within the regulatory technology sector. The company is focused on developing new software solutions aimed at improving compliance processes in the cannabis industry, with intentions to enter additional geographical markets by 2025. The funding is expected to facilitate the necessary transformations to support these strategic initiatives.

## Funding rounds

- Series C, Sep 15, 2018, $10M — Entourage Effect Capital, Batu Capital
- Series B, Apr 21, 2017, $3M — Tao Capital Partners
- Series B, Dec 17, 2015, $8M — Tao Capital Partners

## Investors

- Tao Capital Partners (https://capitalatlas.ai/funds/tao-capital-partners) — Series B
- Entourage Effect Capital (https://capitalatlas.ai/funds/entourage-effect-capital) — Series C
- Batu Capital — Series C