# CannaKorp

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

- Industry: Medical Devices & Equipment
- Headquarters: Boston, US
- Website: www.cannakorp.com
- Total disclosed funding: $4.1M
- Latest round: Series A (Jun 1, 2016)
- Investors on record: 1

## About

CannaKorp Inc. is a company focused on streamlining cannabis consumption through innovative technology, providing consumers with convenient and efficient methods to enjoy cannabis products.CannaKorp Inc. was founded in 2014 and is headquartered in Boston, US. The company specializes in cannabis consumption solutions and has undergone strategic development since its inception. In June 2016, CannaKorp secured USD 4.1 mn in a Series A funding round led by Singularity Capital, which is the total amount raised to date. The company has engaged in two investment deals overall, indicating a progressive growth trajectory.CannaKorp Inc. designs and offers a unique platform that aims to simplify the cannabis consumption experience through advanced technology. Their product lineup includes devices and solutions tailored for users looking to enhance their cannabis experience, targeting both consumers and businesses within the cannabis industry. The company serves diverse markets, primarily focusing on North America.CannaKorp Inc. generates revenue through direct sales of its products and potential partnerships within the cannabis sector. The business model is likely based on subscriptions or product sales to both individual consumers and companies seeking to use their technology, although specific pricing structures and financial details remain confidential.Looking forward, CannaKorp Inc. is set to leverage the USD 4.1 mn raised in its most recent funding round to develop new product offerings and expand its presence in targeted regions. The company aims to introduce innovative cannabis consumption devices and enhance its distribution networks across North America by the end of 2024. The recent capital infusion will be critical in supporting these initiatives, ensuring the company remains at the forefront of technology-driven cannabis consumption.

## Funding rounds

- Series A, Jun 1, 2016, $4.1M — Singularity Capital

## Investors

- Singularity Capital — Series A