# VC firms backing Cannabis (2026 list) > 13 VC firms backing Cannabis, 100% active in the last 12 months. Led by FJ Labs, Liquid 2 Ventures, Soma Capital. Ranked by what they funded. Source: https://millionrounds.com/lists/vc-firms-cannabis (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # VC firms backing Cannabis Updated 7 November 2026 VC firms we have observed in a cannabis round in the last two years. [See all 13 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fvc-firms-cannabis)The top 13 **13** investors on the list *-1* this week **431** cheques in 12 months *-34%* against the market **$8.2M** median round they joined *+2%* against the market median **100%** wrote a cheque in 12 months **62%** have led a round ## The Top 13 Ordered by cheques observed, never by anything anyone paid for Deploying now (13) - 1 [FJ Labs](https://millionrounds.com/fund/fj-labs) *Deploying now* VC firm · United States **849** **$11M** median round **Oct 2026** last seen - 2 [Liquid 2 Ventures](https://millionrounds.com/fund/liquid-2-ventures) *Deploying now* VC firm · United States **636** **$7M** median round **Oct 2026** last seen - 3 [Soma Capital](https://millionrounds.com/fund/soma-capital) *Deploying now* VC firm · United States **456** **$4.2M** median round **Oct 2026** last seen - 4 [Abstract Ventures](https://millionrounds.com/fund/abstract) *Deploying now* VC firm · United States **295** **$13M** median round **Nov 2026** last seen - 5 [Village Global](https://millionrounds.com/fund/village-global-2) *Deploying now* VC firm · Canada **294** **$8M** median round **Nov 2026** last seen - 6 [Morningside Group](https://millionrounds.com/fund/morningside) *Deploying now* VC firm · United States **225** **$24M** median round **Jul 2026** last seen - 7 [Team Ignite Ventures](https://millionrounds.com/fund/team-ignite-ventures) *Deploying now* VC firm · United States **177** **$2M** median round **Oct 2026** last seen - 8 [Ascend](https://millionrounds.com/fund/ascend) *Deploying now* VC firm · United States **136** **$4.1M** median round **Oct 2026** last seen - 9 [Pillar VC](https://millionrounds.com/fund/pillar-vc) *Deploying now* VC firm · United States **83** **$8.2M** median round **Sept 2026** last seen - 10 [Canaccord Genuity Group](https://millionrounds.com/fund/canaccord-genuity-group) *Deploying now* Micro VC · Canada **54** **$17M** median round **Sept 2026** last seen - 11 [Presight Capital](https://millionrounds.com/fund/presight-capital) *Deploying now* VC firm · United States **49** **$10M** median round **Sept 2026** last seen - 12 [Asymmetric Capital Partners](https://millionrounds.com/fund/asymmetric) *Deploying now* VC firm · United States **44** **$8.3M** median round **Sept 2026** last seen - 13 [Torus Capital](https://millionrounds.com/fund/torus-capital) *Deploying now* VC firm · Belgium **7** **$2.2M** median round **Jan 2026** last seen ## The Newest Cheques Rounds this list's investors joined most recently - **5** Nov **[Siggy](https://millionrounds.com/company/siggy)** Pre-seed · $6M *Led by* [Village Global](https://millionrounds.com/fund/village-global-2) - **3** Nov **[Applied Compute](https://millionrounds.com/company/applied-compute)** Other · $350M *With* [Abstract Ventures](https://millionrounds.com/fund/abstract) - **29** Oct **[Reflex](https://millionrounds.com/company/reflex)** Series A · $14M *With* [Abstract Ventures](https://millionrounds.com/fund/abstract) - **27** Oct **[ClarityCare](https://millionrounds.com/company/claritycare)** Series A · $17M *With* [FJ Labs](https://millionrounds.com/fund/fj-labs) - **27** Oct **[General Compute](https://millionrounds.com/company/general-compute)** Series A · $100M *Led by* [Abstract Ventures](https://millionrounds.com/fund/abstract) - **26** Oct **[Paradev](https://millionrounds.com/company/paradev)** Seed · $12M *With* [Liquid 2 Ventures](https://millionrounds.com/fund/liquid-2-ventures) ## Stages This Year 411 rounds - Venture **25%** - Series A **21%** - Seed **20%** - Series B **8%** - Debt **6%** - Other **20%** ## What They Backed Sectors, last 12 months - AI **183** - Fintech **35** - Healthcare **23** - Aerospace & Space **21** - Big Data & Analytics **17** - Biotech **16** ## Cheques by Quarter Led Joined 168 Q1 25 158 Q2 25 176 Q3 25 188 Q4 25 127 Q1 26 142 Q2 26 79 Q3 26 18 Q4 26 The last bar is the quarter still running. ## Lists Like This - [VC firms backing AI 4,329](https://millionrounds.com/lists/vc-firms-ai) - [VC firms backing Fintech 1,856](https://millionrounds.com/lists/vc-firms-fintech) - [VC firms backing Big Data & Analytics 1,248](https://millionrounds.com/lists/vc-firms-big-data) - [VC firms backing Biotech 1,207](https://millionrounds.com/lists/vc-firms-biotech) - [VC firms backing Robotics 1,098](https://millionrounds.com/lists/vc-firms-robotics) - [VC firms backing Construction 1,025](https://millionrounds.com/lists/vc-firms-construction) - [VC firms backing Energy 998](https://millionrounds.com/lists/vc-firms-energy) - [PE firms backing AI 956](https://millionrounds.com/lists/pe-firms-ai) - [VC firms backing Cybersecurity 950](https://millionrounds.com/lists/vc-firms-cybersecurity) [All investor lists *→*](https://millionrounds.com/lists) ## Quick answers about VC firms backing Cannabis ### Who are the most active VC firms backing Cannabis? By cheques observed, the most active are FJ Labs, Liquid 2 Ventures, Soma Capital, Abstract Ventures and Village Global. ### How many VC firms backing Cannabis are there? 13 are on record. 100% made an investment in the last 12 months and 62% have led a round. ### Which stages do VC firms backing Cannabis back? Of the rounds with a named stage in the last 12 months, mostly Series A (30%) and Seed (29%). ### How big are the rounds VC firms backing Cannabis join? The typical (median) round among the leading investors here is $8.2M. ### Which sectors do VC firms backing Cannabis back most? In the last 12 months, mostly AI, Fintech and Healthcare. ### Which VC firms backing Cannabis lead the most rounds? Abstract Ventures (4 led), Torus Capital (4 led) and Village Global (3 led). ### Where are VC firms backing Cannabis based? Among the most active, most are based in the United States (10), Canada (2) and Belgium (1). ### What have VC firms backing Cannabis invested in recently? Recent rounds include Siggy (Pre-seed, Nov 2026, with Village Global), Applied Compute (Other, Nov 2026, with Abstract Ventures) and Reflex (Series A, Oct 2026, with Abstract Ventures). Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)