# POSaBIT funding: rounds and investors

> POSaBIT has raised $2.2M across 2 rounds since 2017. Investors include Digital Currency Group and Canaccord Genuity Group. Every round with its source.

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

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

# Who invested in *POSaBIT*

2 rounds we have observed, with the 2 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.

Cannabis Fintech

Funding summary Updated 26 Oct 2026

**$2.2M** raised across 2 rounds since 2017, from 2 sources

**$1.5M** Round **$655K** Round

- **Latest round:** Round, $655K Dec 2023
- **Biggest round:** $1.5M Round · Jul 2017
- **Investors:** 2

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.

2018 2019 2020 2021 2022 2023

**$1.5M** Round

**$655K** Round

- **First round:** Round, $1.5M
- **Biggest round:** $1.5M
- **Between rounds:** 6.4 years

## The rounds

- **Dec 2023** Round **$655K** *1 new* *1 returning* [Digital Currency Group](https://millionrounds.com/fund/digital-currency-group) [Canaccord Genuity Group](https://millionrounds.com/fund/canaccord-genuity-group) Source recorded
- **Jul 2017** Round **$1.5M** *1 new* [Digital Currency Group](https://millionrounds.com/fund/digital-currency-group) Reported by FinSMEs SEC filing: $1.4M sold, first sale Dec 2016

## Founders and team

From POSaBIT's own website and the SEC filings it signed: 6 on the team.

- **Ryan Hamlin** CEO & Cofounder
- **Andy Sweet** Chief Technical Officer
- **Chris Baker** Chief Operating Officer
- **Oscar Dahl** Chief of Staff
- **G. Scott Greenburg** Executive Officer i
- **Jon Baugher** Executive Officer, Director i

On the board, as filed i *Jeff Dossett* *Mike Markette* *Paul Fiore*

## 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.

**Round** 2017 **Round** 2023 [Digital Currency Group](https://millionrounds.com/fund/digital-currency-group) [Canaccord Genuity Group](https://millionrounds.com/fund/canaccord-genuity-group)

## Everyone who backed them

[Digital Currency Group](https://millionrounds.com/fund/digital-currency-group) VC firm **2** rounds

[Canaccord Genuity Group](https://millionrounds.com/fund/canaccord-genuity-group) Micro VC **1** round

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

## Quick answers about POSaBIT

### Who invested in POSaBIT?

POSaBIT's investors include Digital Currency Group and Canaccord Genuity Group.

### How much has POSaBIT raised?

POSaBIT has raised $2.2M across 2 rounds since 2017.

### When did POSaBIT last raise?

POSaBIT's most recent round was an Undisclosed round of $655K in Dec 2023.

### What was POSaBIT's biggest round?

POSaBIT's largest round on record is $1.5M (Undisclosed round), in Jul 2017.

### Who backed POSaBIT first?

POSaBIT's first round on record, in Jul 2017, was backed by Digital Currency Group.

### What stage is POSaBIT at?

POSaBIT's latest named round is an Undisclosed round, in Dec 2023.

### Where is POSaBIT based?

POSaBIT is based in the United States.

## Companies like POSaBIT

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

[**Kalshi** $2.7B · Oct 2026](https://millionrounds.com/company/kalshi)[**xPay** $1.5M · Oct 2026](https://millionrounds.com/company/xpay)[**Coast** $77M · Oct 2026](https://millionrounds.com/company/coast)[**Whop** $400M · Oct 2026](https://millionrounds.com/company/whop)[**CapitalOS** $52M · Oct 2026](https://millionrounds.com/company/capitalos)[**Gradient** $24M · Oct 2026](https://millionrounds.com/company/gradient)

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