# BDS Analytics

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bds-analytics

- Industry: Software
- Headquarters: Boulder, US
- Website: www.bdsanalytics.com
- Total disclosed funding: $11M
- Latest round: Series C (Aug 20, 2019)
- Investors on record: 5

## About

BDSA specializes in providing cannabis market intelligence, delivering data analytics and business intelligence solutions that empower stakeholders in the cannabis industry to make informed strategic decisions.BDSA focuses on cannabis market intelligence and was founded in 2015 in Boulder, US. The company has completed 5 deals to date, with the most recent deal occurring on August 20, 2019. BDSA raised USD 7.000 mn in Series C funding, co-led by Altitude Investment Management, 7thirty Capital, and KEY Investment Partners. The company was co-founded by Roy Bingham and Elisabeth Stahura, with Roy Bingham also serving as the CEO.BDSA specializes in cannabis market intelligence, providing comprehensive data analytics and business intelligence solutions tailored for the cannabis industry. Their core offerings include advanced analytics platforms that deliver insights into sales trends, pricing strategies, consumer behavior, and market opportunities. These solutions enable retailers, manufacturers, brands, wholesalers, and investors to optimize their operations by identifying significant sales opportunities while minimizing stockouts and refining pricing models. The company’s services extend across various segments of the cannabis market, including both recreational and medical cannabis, and now encompass insights into hemp and Delta consumer behavior. BDSA operates primarily in North America, with a strong presence in states where cannabis markets are legalized, such as California, Colorado, and Illinois, as well as expanding operations into international markets where cannabis regulations allow for business.BDSA generates revenue through a subscription-based model that offers clients access to its suite of data analytics tools and market insights. Clients typically consist of businesses in the cannabis supply chain, including retailers and wholesalers, who leverage the analytics services for informed decision-making. Transactions involve annual subscriptions for comprehensive data packages that provide real-time insights into market dynamics and consumer trends, facilitating business strategy and operational efficiency. Specific pricing structures for these subscription services, including any flagship products, are tailored to meet the diverse needs of clients, ensuring that they receive relevant and actionable data for their respective roles in the cannabis ecosystem. The robust analytics support provided by BDSA empowers clients to enhance profitability and maintain a competitive edge in a rapidly evolving market.In August 2019, BDS Analytics, Inc. raised USD 7.000 mn in Series C funding. The company plans to utilize this funding to enhance its product offerings and expand its market presence. BDSA aims to launch new products and services tailored to the evolving needs of the cannabis market, with specific timelines for these releases yet to be announced. Additionally, BDSA is targeting expansion into new geographic regions to broaden its international footprint, focusing on markets where cannabis regulations are becoming more favorable. The strategic use of the recent funding will support these initiatives, allowing BDSA to further enhance its offerings and better serve its clients.

## Funding rounds

- Series C, Aug 20, 2019, $7M — Altitude Investment Management, 7thirty Capital, KEY Investment Partners
- Series B, May 17, 2018, $3.5M — Canopy Boulder, Panther Opportunity Fund, Altitude Investment Management

## Investors

- Canopy Boulder (https://capitalatlas.ai/funds/canopy-boulder) — Series B
- Panther Opportunity Fund (https://capitalatlas.ai/funds/panther-opportunity-fund) — Series B
- Altitude Investment Management (https://capitalatlas.ai/funds/altitude-investment-management) — Series B, Series C
- 7thirty Capital (https://capitalatlas.ai/funds/7thirty-capital) — Series C
- KEY Investment Partners (https://capitalatlas.ai/funds/key-investment-partners) — Series C