United States · Investor

Poseidon Asset Management

Last cheque observed Oct 2019. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

QuietNew fund $36M, Jul 2023VC firm

Pre-seedSeedSeries ASextechCannabisAlcohol

Cheques on record
0%of best year0cheques in 12 months, 10 on record
Since the last cheque2568days00hrs00min00sec
Median round$12MRounds led2 of 10Mostly inUnited States, 100%
Pitch Poseidon Asset Management

Poseidon Asset Management highlights

  1. 01

    10 rounds on record

  2. 02

    Mostly Seed and Series A: 100% of its rounds

  3. 03

    Led 2 rounds

What they do

Home of the pioneer cannabis hedge fund, focusing solely on marijuana and hemp.From their own website
Type
VC firm (from a list, unverified)
Cheque size
Not stated
Stages
Pre-seedSeedSeries ASeries BGrowth
Sectors
SextechCannabisAlcohol
Based in
San Francisco, United States
Cold pitches
Not stated

The record

Every round we can evidence, newest first10 appearances

  1. 2019

    4 rounds

  2. Oct
    FlowhubSeries A · US · FinSMEs$23MLed
  3. Jun
    Green Flower MediaSeries A · US · FinSMEs$20MWith 2 others
  4. May
    Confident CannabisSeries A · US · FinSMEs$12MLed
  5. Jan
    HeadsetSeries A · US · FinSMEs$12MWith 1 other
  6. 2018

    1 round

  7. Dec
    Ascend WellnessUS · FinSMEs$40MWith 3 others
  8. 2017

    1 round

  9. Mar
    BakerUS · TechCrunch$3.5MWith 4 others
  10. 2016

    1 round

  11. Nov
    WurkSeed · US · FinSMEs$1.0MWith 2 others
  12. 2015

    3 rounds

  13. Oct
    TradivSeed · US$1.0MWith 2 others
  14. Aug
    HeadsetSeedUndisclosedWith 1 other
  15. Apr
    FlowhubSeed · US$500KWith 1 other

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

The team

Named by the firm itself, on a filing, its Form ADV or its company registration4 named

COChristopher OtchyManaging Director of Poseidon Asset Management, LLCiFiling they signed
EPEmily PaxhiaManaging Director of Poseidon Asset Management, LLC and Poseidon Investment Management LLC.iFiling they signed
MBMichael BonielloManaging Director of Poseidon Capital Ventures, LLC, The General PartneriFiling they signed
MPMorgan PaxhiaManaging Director of Poseidon Asset Management, LLC and Poseidon Investment Management LLC.iFiling they signed

We also hold 3 people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

Who they invest alongside

The investors most often in the same rounds as Poseidon Asset Management. A count of rooms they were both in, not a relationship either has claimed.

Recently backed

The latest companies Poseidon Asset Management put money into.

Mentioned on podcasts

Episodes that name Poseidon Asset Management in their description, not their title.

Quick answers about Poseidon Asset Management

What does Poseidon Asset Management invest in?

Poseidon Asset Management invests most often at Seed and Series A (100% of the rounds on record), in sectors such as Sextech, Cannabis and Alcohol.

How active is Poseidon Asset Management?

10 investments on record, 0 of them in the last 12 months, and it led 2. The most recent was in Oct 2019.

What has Poseidon Asset Management invested in recently?

Its most recent investments on record: Flowhub (Series A, Oct 2019), Green Flower Media (Series A, Jun 2019) and Confident Cannabis (Series A, May 2019).

How big are Poseidon Asset Management's cheques?

The median round it joins is $12M.

Does Poseidon Asset Management lead rounds?

Yes: it led 2 of its 10 investments on record (20%).

Where does Poseidon Asset Management invest?

Most of the companies it backs are in the United States (100%).

Is Poseidon Asset Management investing now?

No investments in the last 12 months; the latest was in Oct 2019.

Who does Poseidon Asset Management invest alongside?

Most often Anslinger Capital (2 rounds together), CanopyBoulder (2 rounds together) and Phyto Partners (2 rounds together).

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Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it