# Nabione

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

- Industry: Software
- Headquarters: Oakland, US
- Website: www.nabis.com
- Total disclosed funding: $35M
- Latest round: Series B (Jun 16, 2021)
- Investors on record: 9

## About

Nabione, Inc., based in the US, operates as a licensed cannabis wholesaling platform, streamlining distribution processes for dispensaries with a comprehensive suite of services.Founded in 2017, Nabione, Inc. specializes in cannabis wholesaling and has conducted 4 deals, with their latest deal occurring on June 16, 2021. The company is headquartered in Oakland, US. The founders, Jun Lee and Vincent Ning, have prior entrepreneurial experience. In June 2021, Nabione raised USD 24.33 mn in Series B funding, aimed at enhancing their operational capabilities and product offerings. The total amount raised by the company is USD 24.33 mn, and their current valuation stands at USD 140.36 mn.Nabione operates a licensed cannabis wholesaling platform, offering services tailored for dispensaries. Their software-enabled portal enhances the cannabis distribution lifecycle from production to delivery, enabling partners to efficiently manage inventory and finances. The company provides access to over 9,000 SKUs from over 300 independent cannabis brands, ensuring variety for retailers. Logistics support includes 2-day shipping and no minimum order requirements, along with financial solutions such as automated invoice factoring and payment processing. Their primary markets are California, New York, and Nevada, allowing suppliers to reach 100% of retailers quickly and effectively.Nabione generates revenue through a B2B model by partnering with licensed dispensaries and wholesalers. Their transaction structure is based on sales from extensive product offerings, including Nabis Analytics and logistical solutions like Nabis BillPay. Retailers benefit from simplified procurement processes and real-time visibility into sales metrics, with pricing based on service utilization, allowing efficient invoice management without sharing detailed account information. This operational efficiency positions Nabione as a key partner for cannabis brands seeking to expand their market presence.Following their Series B funding round in June 2021, where Nabione raised USD 24.33 mn from investors including Artemis Growth Partners and FJ Labs, the company plans to utilize this funding to accelerate growth and further develop their product offerings. They aim to introduce new products designed for improving distribution efficiencies and plan to expand operations specifically within California, New York, and Nevada over the next several years.

## Funding rounds

- Series B, Jun 16, 2021, $24M — Liquid 2 Ventures, FJ Labs, Gaingels, Artemis Growth Partners, Silverleaf Venture Partners
- Series A, Oct 16, 2020, $5M — Y Combinator, Soma Capital Management, Liquid 2 Ventures, Gaingels, BABEL Ventures
- Seed, Mar 1, 2019, $4M — Y Combinator, Soma Capital Management, Liquid 2 Ventures, BABEL Ventures
- Seed, Sep 27, 2018, $1.3M — BABEL Ventures, Canna Angels

## Investors

- BABEL Ventures (https://capitalatlas.ai/funds/babel-ventures) — Seed, Series A
- Canna Angels — Seed
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed, Series A
- Soma Capital Management (https://capitalatlas.ai/funds/soma-capital-management) — Seed, Series A
- Liquid 2 Ventures (https://capitalatlas.ai/funds/liquid-2-ventures) — Seed, Series A, Series B
- Gaingels (https://capitalatlas.ai/funds/gaingels) — Series A, Series B
- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Series B
- Artemis Growth Partners (https://capitalatlas.ai/funds/artemis-growth-partners) — Series B
- Silverleaf Venture Partners (https://capitalatlas.ai/funds/silverleaf-venture-partners) — Series B