United States · Series C startup

Who invested in Canndescent

4 rounds we have observed, with the 8 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

CannabisConsumer Services

Funding summaryUpdated 26 Oct 2026

$57Mraised across 4 rounds since 2016, from 4 sources

$6.5MSeed$10MSeries B$13MRound$28MSeries C
Latest round
Series C, $28MSept 2019
Led by
Green Acre Capital
Step-upi
2.1×
Investors
8 (1 led)
See who backed them

The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

201720182019
$6.5MSeed$10MSeries B$13MRound$28MSeries C
First round
Seed, $6.5M
Sept 2016
Biggest round
$28M
Series C · Sept 2019
Usual gap between rounds
12 months
the median of 3
CanndescentCannabis1 / 36Their pitch deckCanndescent's pitch deck, 36 slidesEach slide read for what it argues, against the decks that raised at the same stage.

The rounds

  1. Sept 2019
    Series C$28M4 new

    Reported by FinSMEs

  2. Sept 2018
    Round$13M1 new
    • Merida Capital/ Altitude

    Reported by Mjbizdaily

  3. Jan 2018
    Series B$10M1 new

    Reported by FinSMEs

  4. Sept 2016
    Seed$6.5M2 new
    • Adrian Sedlin
    • Lee McPherson

    Reported by FinSMEs

Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

Seed2016Series B2018Round2018Series C2019Green Acre CapitalLJW Asset ManagementFloret VenturesSenterraAdrian SedlinCarnegie Arch CapitalLee McPhersonMerida Capital/ Altitude

Everyone who backed them

Green Acre CapitalPrivate equity1round, led 1
JW Asset ManagementVC firm1round
Floret VenturesVC firm1round
SenterraFamily office1round
Adrian Sedlinno record of our own yet1round
Carnegie Arch Capitalno record of our own yet1round
Lee McPhersonno record of our own yet1round
Merida Capital/ Altitudeno record of our own yet1round

Missing a round, or an investor who was in one? Tell us.

Quick answers about Canndescent

Who invested in Canndescent?

Canndescent's investors include Green Acre Capital, JW Asset Management, Floret Ventures, Senterra and Adrian Sedlin, and 3 more on record. Green Acre Capital led its latest round.

How much has Canndescent raised?

Canndescent has raised $57M across 4 rounds since 2016.

When did Canndescent last raise?

Canndescent's most recent round was a Series C of $28M in Sept 2019, led by Green Acre Capital.

What was Canndescent's biggest round?

Its most recent round, $28M in Sept 2019, is also its largest on record.

Who backed Canndescent first?

Canndescent's first round on record, in Sept 2016, was backed by Adrian Sedlin and Lee McPherson.

What stage is Canndescent at?

Canndescent's latest named round is a Series C, in Sept 2019.

Where is Canndescent based?

Canndescent is based in the United States.

Who led Canndescent's rounds?

Green Acre Capital led the Series C in 2019.

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