POSaBIT
Latest round
- Seed
Last raised
- Jun 2017
Total raised
- $1.5M
Investors
- 1
About POSaBIT
POSaBIT, Inc.Founded in 2016 in Kirkland, US, POSaBIT, Inc. provides a software platform that enhances cannabis retail operations. The company's key personnel include founders Jon Baugher and Ryan Hamlin, with Ryan also serving as the CEO.POSaBIT specializes in providing a comprehensive cannabis management and inventory software platform, primarily focused on enabling efficient point-of-sale (POS) and payment processing for cannabis retailers. The platform includes an integrated POS system featuring customizable discounts, loyalty programs, and detailed reporting capabilities, facilitating online ordering, in-store purchases, and delivery sales.POSaBIT generates revenue primarily through a subscription-based model for its POS and payment processing solutions, with businesses leveraging the platform to process sales transactions, manage customer profiles, and access reporting tools. The revenue structure encompasses monthly or annual subscription fees along with transaction fees, contributing to enhanced profitability for both POSaBIT and its clients.As of January 2023, POSaBIT, Inc. Specific new products are in the pipeline, with targeted launches aimed at improving the user experience and operational efficiency for cannabis retailers. Expansion plans focus on entering additional geographical areas across the United States by the end of 2023.
Who invested in POSaBIT
1 investor across 1 round
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Funding rounds
Seed
Jun 30, 2017
Amount
$1.5M
Investors
Questions about POSaBIT
Who invested in POSaBIT?
POSaBIT has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has POSaBIT raised?
POSaBIT has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did POSaBIT last raise money?
POSaBIT's most recent round on record is a Seed, in Jun 2017.
What does POSaBIT do?
POSaBIT is a software company.
Where is POSaBIT headquartered?
POSaBIT is headquartered in Kirkland, US.
Which VCs invest in companies like POSaBIT?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at POSaBIT's stage. Their profiles are linked below.
VCs backing software startups at Seed
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