# AceCann: Pharmaceuticals, Vendas Novas, Portugal

> AceCann: AceCann is a Portuguese medical cannabis company established in 2019, focused on the organic cultivation, processing, and extraction of premium...

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

Portugal · [Pharmaceuticals startup](https://millionrounds.com/companies)

# AceCann

AceCann is a Portuguese medical cannabis company established in 2019, focused on the organic cultivation, processing, and extraction of premium medical cannabis products for the Eu

Email

Funding reported Last round: Seed

Pharmaceuticals Vendas Novas, Portugal

Follow AceCann and see its new rounds in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Fstartup%2Facecann)

Company summary

- **Founded:** 2019 7 years old
- **Team:** 21 11 to 50 people
- **Funding reported:** 15M as listed, currency not stated
- **Last round:** Seed Oct 2021

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for AceCann has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About AceCann

AceCann is a Portuguese medical cannabis company established in 2019, focused on the organic cultivation, processing, and extraction of premium medical cannabis products for the Eu

ropean healthcare market. Based in Lisbon, the company operates a modern production facility in Vendas Novas, utilizing advanced indoor farming technology and solvent-free extraction methods to ensure pharmaceutical-grade quality. The company offers standardized medical cannabis flowers and extracts that meet EU-GMP and GACP standards. AceCann is dedicated to improving patient lives through high-quality, innovative products and conducts research and development for medical cannabis applications. Its target customers include pharmaceutical distributors and healthcare providers across Europe, operating under a B2B business model. With a commitment to sustainable practices, AceCann aims to distinguish itself in the growing medical cannabis market.

## What company datasets say AceCann raised

Funding, as reported

Reported in all **15M** in the source's currency

Rounds **1**

Last round **Seed**

Last round size **15M**

Last round date **Oct 2021**

Investors listed **6**

## Founders and team

From AceCann's own website: 10 on the team.

- **Ivanshu Shantilal** CEO
- **Pedro Gomes** CEO
- **Andreia Raimundo** Head of Post-Harvest and Manufacturing
- **Duarte Alcobia** Head of Sales
- **Filipe Pereira** Head of Extraction
- **Luis Brito e Abreu** Head of Finance and Special Projects
- **Karan Wadhera** Managing partner Casa Verde
- **Miguel Pinóia** Facility Manager
- **Patrícia Silva** Compliance and Quality Assurance Manager
- **Yoni Meyer** Casa Verde / Board Member

Advisers *Chris Mayle* *Marc Gare*

## On a portfolio page

Investors who name them

- [Casa Verde Capital](https://millionrounds.com/fund/casa-verde-capital)

Each firm lists AceCann on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

pharmaceutical manufacturing gacp cultivation medical cannabis medical quality assurance contract manufacturing mechanical or industrial engineering services solventless extraction eugmp manufacturing pharmaceuticals indoor cannabis production pharmaceuticalgrade production b2b

Built with from their website

Microsoft Email Providers GoDaddy Hosting jsDelivr cdnjs Bootstrap GoDaddy Domains Open Graph Microsoft Exchange Nginx jQuery

+8 more

PWA Slick Microsoft 365 WOW Microsoft Exchange Online Unpkg Outlook CloudFlare

- **Sector:** Pharmaceuticals
- **Industry code:** NAICS 325411, 541714, SIC 2834, 2836
- **Region:** Evora
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/acecann)

## Pharmaceuticals in Portugal

Startups like it

- [**SOMAÍ** Lisbon · founded 2019](https://millionrounds.com/startup/soma-7)
- [**Lxbio Pharmaceuticals** Lisbon · founded 2021](https://millionrounds.com/startup/lxbio-pharmaceuticals)
- [**BSIM Therapeutics** Coimbra · founded 2011](https://millionrounds.com/startup/bsim-therapeutics)
- [**INEYE THERAPEUTICS** Coimbra · founded 2017](https://millionrounds.com/startup/ineye-therapeutics)
- [**Bephex** Faro · founded 2021](https://millionrounds.com/startup/bephex)
- [**Piauhy Labs - Medicinal Cannabis** Lisbon · founded 2018](https://millionrounds.com/startup/piauhy-labs-medicinal-cannabis)

## Is this your company?

Add your raise, your deck and your story, and put AceCann in front of investors. Or tell us what we have wrong.

[List your startup](https://millionrounds.com/list-your-startup)[Send a correction](https://millionrounds.com/corrections)