OurCrowd, a global investment platform and Israel’s venture investor has announced that it will invest and partner with 7thirty to build a leading global cannabis technology venture capital fund.
The new $30M fund is focused on emerging cannabis technology companies in med-tech, ag-tech, retail, e-commerce, marketplaces, SaaS solutions, and the deep-tech research in Cannabis. The fund, headquartered in Boulder, Colorado, will be active globally and include activities in Israel, Canada and the United States.
OurCrowd CEO Jon Medved said,
“The explosive growth of the legal and medical cannabis market is quite impressive. Canada recently legalized cannabis nationwide and Israel is in the final stages of legalizing cannabis export. The amount of serious medical research in cannabis is booming. This market will generate unprecedented global investment activity and returns for cannabis-focused startups. Together with 7thirty, we plan to lead investments for serious companies who will pioneer technology for this important and growing market.”
The 7thirty Opportunity Fund is led by the U.S.’s most active early stage Cannabis Technology investor, Micah Tapman. Prior to founding 7thirty, Micah was a co-founder at CanopyBoulder, where he led investments in over 90cannabis-relatedd companies.
Several of those companies are now recognized leaders in the cannabis market, including Wurk, BDS Analytics and Front Range Biosciences. Micah was recently named one of the twenty rising stars in the cannabis investment world by Business Insider.
More informations about the fund here;
Featured image credit: Unsplash
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