Arcadian Fund

Arcadian Fund is a California-based growth equity investment firm focusing on mid and late-stage companies within the cannabis sector across the United States. The firm offers Limited Partners diversified exposure to the ancillary cannabis industry, which does not involve direct handling of cannabis products. Arcadian Fund is dedicated to identifying industry leaders and connecting them with necessary resources to facilitate growth. Its expertise includes uncovering new revenue streams and preparing companies for mergers, exits, or entry into capital markets.

Matthew Nordgren

Partner

12 past transactions

Kadenwood

Series B in 2021
Kadenwood is a privately-held consumer products lifestyle company focused on shaping CBD into a trusted and safe mainstream wellness category. Kadenwood is backed by CPG marketing and category innovation expertise and vertically-integrated CBD farming to ensure quality CBD oil from seed-to-shelf that contains no THC (tetrahydrocannabinol).

Fyllo

Series A in 2020
Fyllo Inc. is a marketing technology company that specializes in serving the cannabis industry. Founded in 2019 and headquartered in Chicago, Illinois, with additional offices in major cities across North America and Israel, Fyllo offers a comprehensive platform designed to address the unique challenges of this highly regulated market. The Fyllo Compliance Cloud provides enterprise-grade software and services, leveraging RegsTechnology's extensive database of cannabis laws and regulations at various governmental levels. Fyllo's solutions encompass data analytics, ad campaign management, measurement and reporting, and creative management services, enabling marketers and legal professionals to navigate compliance complexities while driving growth and engagement.

Front Range Biosciences

Series B in 2019
Front Range Biosciences, Inc. is an agricultural biotech company specializing in the breeding and production of new plant varieties and seeds within the hemp, coffee, and cannabis sectors. Founded in 2015 and based in Lafayette, Colorado, with additional offices in Wisconsin, California, and Spain, the company employs tissue culture propagation techniques to enhance the efficiency and consistency of clone and seed production. Their Clean Stock program ensures a supply of disease- and pest-free plants, providing farmers with data-driven solutions to develop new cultivars with commercially relevant traits. Front Range Biosciences aims to modernize agriculture for cannabis and hemp, offering services that support cultivators in improving yields, minimizing disease risks, and creating innovative plant strains.

Enlighten

Series B in 2019
Enlighten Technologies is a provider of retail and marketing solutions, focusing on the cannabis industry. Founded in 2010 and based in Bowling Green, Kentucky, the company operates a content-driven television network that broadcasts on screens located within cannabis dispensaries. Enlighten's platform offers targeted point-of-sale advertisements, interactive signage, and e-commerce solutions, enabling cannabis businesses to inform and educate consumers through curated entertainment and educational content. This approach allows cannabis companies to strengthen their brand presence and foster customer relationships effectively.

Arrow AI

Pre Seed Round in 2019
Arrow AI, founded in 2018 and headquartered in San Francisco, California, specializes in developing social media campaigns for businesses by leveraging audience insights from CRM, retail, and point-of-sale data. With additional offices in Los Angeles, Mexico City, and London, the company aims to simplify advertising processes that are often seen as complex and costly. Arrow AI employs advanced technologies such as natural language processing, machine learning, and artificial intelligence to create user-friendly advertising products that facilitate effective online customer engagement.

Wurk

Series A in 2019
Wurk is the leader in HR, Payroll, and Payment technology servicing the fastest-growing emerging industry, cannabis! Wurk's proprietary Compliant Payment Cloud underwriters cannabis businesses enabling them to process payments for payroll, taxes, 401k, benefits, and more positioning Wurk as the largest payments processor in the industry. Their SaaS HCM Cloud provides Modern HR, Payroll, Time & Attendance, Scheduling accessible on any device, including tablets and mobile. Wurk's Intralytics Cloud (integration meets analytics) connects the industries leading technology providers allowing operators to combine and analyze data to inform mission-critical decisions. Wurk is also assembling this data to provide industry benchmarks to help operators compare their KPIs to the trends of the industry. Wurk's unique platform is proving that Human Capital Management, Workforce Management, and Payment technology providers can add significant value to their customers by focusing on their vertical-specific needs. Wurk was founded in August 2015 by Keegan Peterson. And it is headquartered in Denver, Colorado.

Heally

Seed Round in 2018
Heally is an online health and wellness brand that helps patients connect with doctors on the industry’s telehealth platform. It connects consumers, licensed medical professionals, and natural alternatives into one ecosystem and provides wellness products in a curated and health-focused marketplace. The Heally telehealth platform has 50 medical clinics and more than 150 doctors, with a range of specialties, servicing thousands of patients. The Daly City, California-based company was founded in 2015 by Lina Kravetskiy.

Heally

Seed Round in 2018
Heally is an online health and wellness brand that helps patients connect with doctors on the industry’s telehealth platform. It connects consumers, licensed medical professionals, and natural alternatives into one ecosystem and provides wellness products in a curated and health-focused marketplace. The Heally telehealth platform has 50 medical clinics and more than 150 doctors, with a range of specialties, servicing thousands of patients. The Daly City, California-based company was founded in 2015 by Lina Kravetskiy.

Treez

Series A in 2018
Treez, Inc. is a company that develops retail management software specifically designed for medical marijuana dispensaries in the United States. Founded in 2016 and headquartered in Oakland, California, Treez offers an enterprise-grade platform that includes point of sale systems, integrated payment solutions, and tools for cultivation and data management. The software aims to optimize and automate dispensary operations, enhancing aspects such as employee management, inventory control, and customer service. By enforcing best practices and collecting valuable business data, Treez helps operators, regardless of size, improve their performance and navigate industry changes. Additionally, the platform ensures regulatory compliance throughout the supply chain, connecting brands with retailers through a centralized catalog and real-time market insights.

Sava

Seed Round in 2018
Sava Solutions Inc. retails cannabis topicals, tinctures, edibles, concentrates, and flowers. The company was founded in 2015 and is headquartered in San Francisco, California.

Wurk

Seed Round in 2018
Wurk is the leader in HR, Payroll, and Payment technology servicing the fastest-growing emerging industry, cannabis! Wurk's proprietary Compliant Payment Cloud underwriters cannabis businesses enabling them to process payments for payroll, taxes, 401k, benefits, and more positioning Wurk as the largest payments processor in the industry. Their SaaS HCM Cloud provides Modern HR, Payroll, Time & Attendance, Scheduling accessible on any device, including tablets and mobile. Wurk's Intralytics Cloud (integration meets analytics) connects the industries leading technology providers allowing operators to combine and analyze data to inform mission-critical decisions. Wurk is also assembling this data to provide industry benchmarks to help operators compare their KPIs to the trends of the industry. Wurk's unique platform is proving that Human Capital Management, Workforce Management, and Payment technology providers can add significant value to their customers by focusing on their vertical-specific needs. Wurk was founded in August 2015 by Keegan Peterson. And it is headquartered in Denver, Colorado.

Treez

Seed Round in 2016
Treez, Inc. is a company that develops retail management software specifically designed for medical marijuana dispensaries in the United States. Founded in 2016 and headquartered in Oakland, California, Treez offers an enterprise-grade platform that includes point of sale systems, integrated payment solutions, and tools for cultivation and data management. The software aims to optimize and automate dispensary operations, enhancing aspects such as employee management, inventory control, and customer service. By enforcing best practices and collecting valuable business data, Treez helps operators, regardless of size, improve their performance and navigate industry changes. Additionally, the platform ensures regulatory compliance throughout the supply chain, connecting brands with retailers through a centralized catalog and real-time market insights.
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