San Francisco, California, United States Poseidon Asset Management appeared to be the VC, which was created in 2013. The leading representative office of defined VC is situated in the San Francisco. The company was established in North America in United States.
The fund was created by Christopher Otchy. We also calculated 3 valuable employees in our database.
Among the various public portfolio startups of the fund, we may underline Ascend Wellness, Flow Kana, Flowhub Among the most successful fund investment fields, there are Cannabis, Point of Sale. The fund has no exact preference in some founders of portfolio startups. In case when startup counts 4 or 5+ of the founder, the chance for it to get the investment is meager. Moreover, a startup needs to be at the age of 2-3 years to get the investment from the fund. For fund there is a match between the location of its establishment and the land of its numerous investments - United States.
The top amount of exits for fund were in 2018. Opposing the other organizations, this Poseidon Asset Management works on 23 percentage points less the average amount of lead investments. The important activity for fund was in 2018. Despite it in 2019 the fund had an activity. When the investment is from Poseidon Asset Management the average startup value is 10-50 millions dollars. The fund is generally included in 2-6 deals every year. Speaking about the real fund results, this VC is 19 percentage points more often commits exit comparing to other organizations. The common things for fund are deals in the range of 10 - 50 millions dollars.
The usual cause for the fund is to invest in rounds with 4-5 partakers. Despite the Poseidon Asset Management, startups are often financed by CanopyBoulder, Phyto Partners, Arcview Group. The meaningful sponsors for the fund in investment in the same round are Salveo Capital, Phyto Partners, Arcview Group. In the next rounds fund is usually obtained by Phyto Partners, Salveo Capital, Arcview Group.
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Notable deals
| Company | Industry | Round Size | Date | Investors | Location |
Buzzkill Labs | 17 May 2023 | Livermore, California, United States | |||
AMNESIA Media | $1M | 25 Apr 2023 | San Francisco, California, United States | ||
Komplyd | 09 Aug 2022 | San Jose, California, United States | |||
Dispense | $2M | 21 Sep 2021 | New York, New York, United States | ||
AdaViv | $2M | 20 Jul 2021 | Boston, Massachusetts, United States | ||
Birchmount Network | $2M | 28 Jun 2021 | Oakland, California, United States | ||
Wurk | $3M | 22 Apr 2021 | Denver, Colorado, United States | ||
BastCore | $2M | 21 Apr 2021 | Omaha, Nebraska, United States | ||
Wurk | $19M | 26 Mar 2020 | Denver, Colorado, United States |
– Dispense is a New York-based digital dispensary management platform.
– The company raised $2M in Seed funding.
– The round was led by NextView Ventures with participation from Poseidon Asset Management, Achari Ventures along with Arrive and Wayne Chang.
– The new investment will be used to hire talent, continue developing and enhancing their product, and scale their sales and marketing efforts.
– Seattle startup Headset, which provides a business intelligence platform for the legal cannabis industry, announced $1.8m in new funding.
– The company will use the funds to expand into recently legalized markets.
– In the U.S., 16 states and Washington, D.C., have legalized recreational marijuana for adults over age 21 and 36 states have legalized medical marijuana.
– In the past six months alone, half a dozen states have passed or are in the process of passing legislation legalizing marijuana in some form.
– Headset was founded in 2015 by CEO Cy Scott, Chief Design Officer Brian Wansolich and CTO Scott Vickers, who all previously co-founded Leafly, a cannabis resource platform.
– The latest funding was led by private equity investment manager Silverleaf Venture Partners with participation from cannabis-focused investors WGD Capital and Poseidon.
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| Company | Industry | Round Size | Date | Investors | Location |
Buzzkill Labs | 17 May 2023 | Livermore, California, United States | |||
AMNESIA Media | $1M | 25 Apr 2023 | San Francisco, California, United States | ||
Komplyd | 09 Aug 2022 | San Jose, California, United States | |||
Dispense | $2M | 21 Sep 2021 | New York, New York, United States | ||
AdaViv | $2M | 20 Jul 2021 | Boston, Massachusetts, United States | ||
Birchmount Network | $2M | 28 Jun 2021 | Oakland, California, United States | ||
Wurk | $3M | 22 Apr 2021 | Denver, Colorado, United States | ||
BastCore | $2M | 21 Apr 2021 | Omaha, Nebraska, United States | ||
Wurk | $19M | 26 Mar 2020 | Denver, Colorado, United States |
