Cannabis

Cannabis delivery startup Eaze is seeking to raise $50 million to $75 million in its latest fund round, according to two sources with knowledge of the deal.
The San Francisco-based startup is looking to raise the round at a valuation of $350 million to $400 million, the sources said.
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Cannabis delivery startup Eaze is looking to raise another $50 million to $75 million just months after closing a $65 million funding round, according to two sources who have firsthand knowledge of the deal.

The sources said the San Francisco-based startup is looking to raise the round at a valuation of $350 million to $400 million. Eaze has made the rounds pitching both mainstream venture capital firms as well as cannabis-focused investors on the deal, the sources said.

A spokesperson for Eaze declined to comment.

Because Eaze is a tech platform — in the same vein as Uber — it is one of the few cannabis startups that has been able to attract top Sand Hill Road venture firms who are wary of investing directly in companies that sell or cultivate cannabis because it is illegal under US federal law.

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Source:: Businessinsider – Finance

      

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