# Cresco Labs funding: rounds and investors

> Cresco Labs has raised $150M across 2 rounds since 2018. Investors include Needham Bank. Every round with its source.

Source: https://millionrounds.com/company/cresco-labs (Millionrounds; every figure on the page links to its filing or article)

United States · [Funded startup](https://millionrounds.com/companies)

# Who invested in *Cresco Labs*

2 rounds we have observed, with the one investor 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.

Cannabis

Raised 5 months ago

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Funding summary Updated 5 Nov 2026

**$150M** raised across 2 rounds since 2018, from 2 sources

**$100M** Series D **$50M** Debt

- **Latest round:** Debt, $50M Jun 2026
- **Led by:** Needham Bank
- **Biggest round:** $100M Series D · Oct 2018
- **Investors:** 1 (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.

2020 2022 2024 2026

**$100M** Series D

**$50M** Debt

- **First round:** Series D, $100M
- **Biggest round:** $100M
- **Between rounds:** 7.7 years

## The rounds

- **Jun 2026** Debt **$50M** *1 new* [Needham Bank](https://millionrounds.com/fund/needham-bank) Lead Reported by Ventureburn
- **Oct 2018** Series D **$100M** No investor was named in the report. Reported by Americaninno SEC filing: $100M sold, first sale Oct 2018

## Funding filed with regulators

Cresco Labs filed 3 raises, $166M in all. Filings say how much was sold and to how many investors; they never name the investors.

- Dec 2021 **$62M** 76 investors equity SEC Form D
- Oct 2018 **$100M** 338 investors equity SEC Form D
- Jul 2014 **$4.0M** 11 investors equity SEC Form D

## Founders and team

From the SEC filings it signed: 8 on the team.

- **Angie R. Demchenko** Executive Officer i
- **Charles Bachtell** Executive Officer, Director i
- **Dennis Olis** Executive Officer i
- **Greg R. Butler** Executive Officer i
- **Jason R. Erkes** Executive Officer i
- **John R. Schetz** Executive Officer i
- **Mo R. Dastagir** Executive Officer i
- **Ty R. Gent** Executive Officer i

On the board, as filed i *Carol R. Vallone* *Gerry Corcoran* *John R. Walter* *Marc R. Lustig* *Michele R. Roberts* *Randy R. Podolsky* *Rob R. Sampson* *Sidney R. Dillard* *Tarik Brooks* *Tom Manning*

## Everyone who backed them

[Needham Bank](https://millionrounds.com/fund/needham-bank) Investment firm **1** round, led 1

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=cresco-labs).

## Quick answers about Cresco Labs

### Who invested in Cresco Labs?

Cresco Labs's investors include Needham Bank. Needham Bank led its latest round.

### How much has Cresco Labs raised?

Cresco Labs has raised $150M across 2 rounds since 2018.

### When did Cresco Labs last raise?

Cresco Labs's most recent round was a Debt of $50M in Jun 2026, led by Needham Bank.

### What was Cresco Labs's biggest round?

Cresco Labs's largest round on record is $100M (Series D), in Oct 2018.

### Who backed Cresco Labs first?

Cresco Labs's first round on record, in Jun 2026, was backed by Needham Bank.

### What stage is Cresco Labs at?

Cresco Labs's latest named round is a Debt, in Jun 2026.

### Where is Cresco Labs based?

Cresco Labs is based in the United States.

### Who led Cresco Labs's rounds?

Needham Bank led the Debt in 2026.

## Companies like Cresco Labs

In the same sector, and raised in the last eighteen months.

[**Parallel** $146M · Jun 2026](https://millionrounds.com/company/parallel)[**Pax** $480M · May 2026](https://millionrounds.com/company/pax)[**Natuur Brands** $290K · Apr 2026](https://millionrounds.com/company/natuur-brands)[**Nabis** $10M · Jan 2026](https://millionrounds.com/company/nabis)[**Flora Growth Corp.** $401M · Sept 2025](https://millionrounds.com/company/flora-growth-corp)[**Ascend Wellness** $104M · Sept 2025](https://millionrounds.com/company/ascend-wellness)

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