Funding round
LeafLink Seed
LeafLink, which works in cannabis commerce platform development in Denver, raised $3.0M in a Seed round announced on 3 Apr 2017, led by Lerer Hippeau. 6 firms took part. It is LeafLink's first venture round on record.
$3.0M
Amount raised
Not disclosed
Post-money valuation
6
Investors
1 lead
Valuation
What this round says about the price
LeafLink did not disclose a valuation in this round. It is LeafLink's first venture round on record, 1 year after it was founded in 2016. It is 1.6% of the $188M LeafLink has raised in the venture rounds on record. LeafLink raised again 7 months later: a Series A round of $10M in Nov 2017. Its next priced round, a Series C in Dec 2020, valued it at $376M.
LeafLink's funding rounds
LeafLink has 5 venture rounds on record and 1 other deal. This one is highlighted.
- Seed this round 3 Apr 2017, led by Lerer Hippeau $3.0M
- Series A 20 Nov 2017, led by Nosara Capital $10M
- Series B 7 Aug 2019, led by Thrive Capital $35M
- Debt not a venture round 22 Jul 2020 $250M
- Series C 10 Dec 2020, led by Founders Fund $40M$376M post-money
- Series D 1 Feb 2023, led by CPMG, L2V and Nosara Capital $100M$500M post-money
Investors
Who put money in
Lerer Hippeau led the round with 5 other firms.
Lead investor
- backs 153 venture-backed companies new investor
Also in the round
- backs 18 venture-backed companies new investor
- backs 6 venture-backed companies new investor
- backs 2 venture-backed companies new investor
- backs 8 venture-backed companies new investor
- backs 15 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 1 in Decorators & Interior Designers, then Seed rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Decorators & Interior Designers | 1 Jan 2018 | $930K | not disclosed | not named |
| Groq Electronical Components Manufacturing | 1 Apr 2017 | $10M | not disclosed | Social Capital |
| Clothing Manufacturers | 19 Apr 2017 | $5.0M | not disclosed | not named |
| Tech Companies | 12 Apr 2017 | $4.9M | not disclosed | not named |
| Financial Services | 8 Apr 2017 | $4.0M | not disclosed | not named |
| Industrial Machinery & Supplies | 27 Apr 2017 | $4.0M | not disclosed | not named |
| Tech Companies | 27 Apr 2017 | $4.0M | not disclosed | not named |
| Legal Services | 1 Apr 2017 | $3.5M | not disclosed | Trilogy Equity Partners |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did LeafLink raise in its Seed round?
LeafLink raised $3.0M in its Seed round, announced in Apr 2017.
Who led LeafLink's Seed round?
Lerer Hippeau led it, with Casa Verde, Phyto Partners, Wisdom, Fairhaven Capital and Muse Capital.
What was LeafLink's valuation at the Seed round?
It was not disclosed.
Did LeafLink raise again after this round?
Yes: a Series A round in Nov 2017 of $10M.