Green Bits
Latest round
- Series B
Last raised
- Apr 2020
Total raised
- $41M
Investors
- 3
About Green Bits
Green Bits, Inc.Founded in 2014, Green Bits, Inc. is based in San Jose, US, and provides a software platform that supports the cannabis retail sector.Greenbits, a product of Dutchie, offers a comprehensive suite of technology solutions designed specifically for the cannabis industry. The core offerings include a point-of-sale (POS) system that streamlines the retail process from check-in to checkout, alongside eCommerce capabilities that enable cannabis retailers to manage online sales effectively. These solutions cater to a diverse client base, including retailers, cultivators, and cannabis brands, providing tools that simplify operations and enhance customer engagement. The platform aims to solve challenges related to transaction management, inventory tracking, and customer loyalty through features such as digital wallets, loyalty programs, and integrated marketing solutions.Greenbits generates revenue through a structured transaction model that primarily involves business-to-business (B2B) partnerships with cannabis retailers and brands. These partnerships often include subscription-based pricing for access to the various software solutions offered by the company, including its flagship POS system and eCommerce platforms. Clients typically pay a recurring fee based on the size of their operations and the specific services utilized, which may include features like the Dutchie Hub and integrations with other service providers. The company processes significant transaction volumes annually, with cannabis sales processed through its platform amounting to USD 19 bn.Green Bits, Inc. The company is actively designing new features to their existing platform and plans to roll out these enhancements by the end of 2021. Additionally, Green Bits intends to penetrate more regions within North America, targeting states such as Massachusetts and Illinois by 2022.
Who invested in Green Bits
3 investors across 2 rounds
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Questions about Green Bits
Who invested in Green Bits?
Green Bits has 3 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Green Bits raised?
Green Bits has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Green Bits last raise money?
Green Bits's most recent round on record is a Series B, in Apr 2020.
What does Green Bits do?
Green Bits is a software company.
Where is Green Bits headquartered?
Green Bits is headquartered in San Jose, US.
Which VCs invest in companies like Green Bits?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Green Bits's stage. Their profiles are linked below.
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