# Flowhub Holdings

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/flowhub-holdings

- Industry: Software
- Headquarters: Denver, US
- Website: www.flowhub.com
- Total disclosed funding: $42M
- Latest round: Series B (Oct 12, 2021)
- Investors on record: 8

## About

Flowhub Holdings, Inc. specializes in cannabis retail technology, offering innovative solutions designed to optimize dispensary operations and ensure regulatory compliance across various U.S. markets.Flowhub Holdings, Inc. was founded in 2015 in Denver, US, and provides a robust platform for cannabis retail management. The company has engaged in 4 total deals, with the most recent funding round being Series B on October 12, 2021, raising USD 15.000 mn from investors including Headline and Poseidon Asset Management. Its current valuation stands at USD 102.915 mn, reflecting its growth trajectory since inception. The firm is led by co-founders Kyle Sherman and Niels Olivier, who bring significant industry experience to the company.Flowhub is a leading provider of cannabis retail technology that offers a comprehensive suite of products designed to enhance operational efficiency and compliance for dispensaries. The company's core offerings include a point-of-sale (POS) system known as Maui™, which facilitates seamless transactions and inventory management. Flowhub's platform also incorporates mobile applications for inventory auditing and customer check-ins, allowing for streamlined operations in a dynamic retail environment. Additionally, Flowhub Pay® enables dispensaries to accept debit card payments, modernizing the customer experience. The company serves a diverse clientele, including multi-state operators, single-store owners, and delivery services across various U.S. markets, including California, Colorado, Massachusetts, and New York, among others. Flowhub's solutions are tailored to meet the specific regulatory requirements of the cannabis industry while providing real-time data analytics to drive growth.Flowhub's revenue model primarily revolves around subscription-based services and transaction fees linked to its POS system and payment processing solutions. The firm engages in partnerships with cannabis retailers, providing them with the technology necessary to operate efficiently while receiving a regular fee for access to its SaaS platform. A dispensary typically pays for the Maui™ POS system and additional services like Flowhub Pay® for payment processing, establishing a recurring revenue stream as the dispensary conducts daily sales. Flowhub's pricing structure aims to deliver value to its clients while facilitating compliance and operational excellence, enabling dispensaries to focus on growth without compromising regulatory obligations.In October 2021, Flowhub Holdings, Inc. raised USD 15.000 mn in venture funding to accelerate its expansion into emerging markets and to further develop its product offerings. The company plans to launch several upcoming products designed to enhance dispensary operations and improve compliance and intends to expand its footprint in additional U.S. states by 2023. Flowhub will leverage the recent funding to support these initiatives, as well as to grow its social equity program, ensuring that it adapts to the evolving landscape of the cannabis industry.

## Funding rounds

- Series B, Oct 12, 2021, $15M — Headline, Poseidon Asset Management
- Series A, Oct 15, 2019, $23M — Headline, Poseidon Asset Management, Altitude Investment Management, Heinz Ventures, 9Yards Capital
- Series A, Apr 12, 2017, $3.3M — Phyto Partners, Green Lion Partners
- Seed, Jun 2, 2015, $0.5M — MassRoots, Inc., Poseidon Asset Management

## Investors

- MassRoots, Inc. — Seed
- Poseidon Asset Management (https://capitalatlas.ai/funds/poseidon-asset-management) — Seed, Series A, Series B
- Phyto Partners (https://capitalatlas.ai/funds/phyto-partners) — Series A
- Green Lion Partners (https://capitalatlas.ai/funds/green-lion-partners) — Series A
- Headline (https://capitalatlas.ai/funds/headline) — Series A, Series B
- Altitude Investment Management (https://capitalatlas.ai/funds/altitude-investment-management) — Series A
- Heinz Ventures (https://capitalatlas.ai/funds/heinz-ventures) — Series A
- 9Yards Capital (https://capitalatlas.ai/funds/9yards-capital) — Series A