Achari Ventures

Achari Ventures is a New York-based investment firm founded in 2018 that specializes in venture capital investments in the cannabis sector. The firm focuses on supporting cannabis and cannabis-related companies, aiming to capitalize on the growth opportunities within this expanding industry. By targeting a niche market, Achari Ventures seeks to identify and invest in innovative businesses that are poised for success in the evolving landscape of cannabis.

Vikas Desai

Founder and Partner

Merrick Friedman

Partner

5 past transactions

Biopharmaceutical Research Company

Series A in 2022
Biopharmaceutical Research Company specializes in the development of active pharmaceutical ingredients for plant-based therapeutics, with a particular focus on cannabis and hemp. The company provides comprehensive analysis services, including potency and contaminant testing, as well as stability data generation. These services support researchers across the United States in their efforts to discover treatments for conditions such as post-traumatic stress disorder and chronic pain, particularly benefiting patients and veterans. Biopharmaceutical Research Company is committed to advancing the field of plant therapeutics while ensuring compliance with USDA standards for THC testing.

Komplyd

Seed Round in 2022
Komplyd is an enterprise-class technology platform focused on risk management and compliance within the cannabis industry. It offers a compliance-as-a-service solution through its application programming interface (API), which enables product development teams to integrate multi-state compliance and track and trace systems efficiently. By utilizing a common data model and a single endpoint, Komplyd enhances productivity and ensures real-time, accurate compliance updates. This platform empowers clients to improve consumer safety while fostering sustainable and socially responsible business practices.

Vangst

Series B in 2022
Vangst is a leading talent resource specifically focused on the cannabis industry, operating an online recruitment platform that connects job seekers with employers across the legal market. The company caters to a diverse range of staffing needs, from temporary gig work to full-time placements, and has established a reputation for successfully matching tens of thousands of cannabis professionals with prominent brands in the sector. With a commitment to navigating the complex regulatory landscape of the cannabis industry, Vangst utilizes its extensive network and industry expertise to facilitate effective recruitment. The platform serves various cannabis and ancillary businesses, enabling them to connect with skilled candidates who are passionate about the industry.

Dispense

Seed Round in 2021
Dispense is a software company specializing in cannabis dispensary management. It offers an e-commerce platform that enables dispensaries to sell products online, along with tools for inventory management, customer relationship management, SEO optimization, analytics, and integrations. The platform also facilitates pickup and delivery services, streamlining operations through a single dashboard for order, pick-up, and payment management.

Birchmount Network

Seed Round in 2021
Birchmount Network is a company specializing in gift card and marketing services, offering comprehensive revenue and brand solutions. It collaborates with local, regional, and national gift card distributors to facilitate a seamless integration of gift card systems into existing point-of-sale setups, as well as providing standalone solutions. Birchmount Network serves a diverse clientele, including cannabis retailers, helping them to enhance revenue, attract new customers, and foster deeper customer loyalty. The company also offers a range of services including marketing, design, loyalty programs, operations, sales, technology, and payment processing, providing end-to-end solutions that support retailers in capitalizing on the growth opportunities presented by gift cards.
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