On Tuesday, a Dutch cannabis technology company based in G. The Bend, Oregon-based company announced that it has received $200 million in Series C funding, bringing its total value to $1.7 billion. The company also announced the acquisition of Greenbits and Leaflogix, two enterprise resource planning and point of sale software companies, for an undisclosed amount.
The company also appointed Tim Barash, former CFO and CEO of Toast, as its new executive chairman.
Holland is fostering a new generation of entrepreneurs who are at the forefront of one of the most disruptive consumer trends of the last century. This is a unique opportunity to be part of a team focused on accelerating a sector that has a wide range of positive social impacts, from improving health and wellbeing to reversing the stigma of criminal justice reform and supporting communities by increasing local and national tax revenues. – Barash in a statement
The round was led by Tiger Global and new investors Dragoneer and DFJ Growth. Other investors in the round include Casa Verde Capital, Thrive Capital, Gron Ventures and former Starbucks CEO Howard Schultz.
Dutch raised $35 million in July and is valued at $205 million, according to Pitchbook. The company was founded in 2017 by brothers Ross and Zach Lipson. Holland partners with 2,116 dispensaries in 36 markets across the United States and Canada to facilitate online cannabis ordering, including acceptance and delivery