Salveo Capital

Salveo Capital is a private equity and venture capital firm specializing in early stage and emerging growth investments. The firm focuses on investments in medical marijuana and cannabis industry including companies servicing the cannabis industry, cultivate marijuana like indoor farms, and businesses enabling the cannabis industry. It seeks to invest with a focus on marijuana cultivation centers, growers, sellers, agriculture and operations, dispensaries, ancillary products and services, industry support services, chemistry, grow systems, science, genetics, business services, internet, digital media, financial, payments, pharmaceuticals, banking, infused products manufacturers, software, network security, security software, and technology. It typically invests in the United States. The firm prefers to invest between $20 million and $25 million. The firm invests between $3 million and $5 million. Salveo Capital is based in Chicago, Illinois.

Sean Doyle

Principal

Michael Gruber

Managing Partner

Jeffrey Howard

Managing Partner

23 past transactions

Treez

Series A in 2018
Treez, Inc. develops retail management software solution serving the medical marijuana dispensaries in the United States. It offers Treez, an enterprise-grade, business management platform for cannabis cultivation and plant tracking. The company provides its point of sale, integrated payments, and grow and data software solutions for vertical marijuana market ranging from farmers to brands to retailers. Treez, Inc. was incorporated in 2016 and is based in Oakland, California.

Wurk

Series A in 2021
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.

Coda Signature

Series A in 2019
Coda Signature is an award winning infused products company based in Colorado.

Coda Signature

Venture Round in 2021
Coda Signature is an award winning infused products company based in Colorado.

KelSie Biotech, LLC

Series A in 2019
KelSie Biotech is a biotech company that develops high bioavailability delivery methods to formulate and deliver sensitive Active Pharmaceutical Ingredients (APIs). It develops dry powder inhalable products with patented technology of bubble drying process and sublingual wafer, patients to take their everyday dosages without any difficulty.

Treez

Seed Round in 2016
Treez, Inc. develops retail management software solution serving the medical marijuana dispensaries in the United States. It offers Treez, an enterprise-grade, business management platform for cannabis cultivation and plant tracking. The company provides its point of sale, integrated payments, and grow and data software solutions for vertical marijuana market ranging from farmers to brands to retailers. Treez, Inc. was incorporated in 2016 and is based in Oakland, California.

Front Range Biosciences, Inc.

Venture Round in 2017
Front Range Biosciences brings modern agriculture to cannabis and hemp to improve reliability, efficiency, and safety for cultivators and consumers. They provide advanced agricultural science services to plant growers.

Ascend Wellness Holdings, LLC

Venture Round in 2018
Ascend Wellness Holdings, LLC engages in the cultivation, production, and distribution of cannabis products. It offers flowers, strains, concentrates, and vapes. The company sells its products through its retail stores in Michigan, Illinois, Massachusetts, and Ohio. Ascend Wellness Holdings, LLC was founded in 2018 and is based in Waltham, Massachusetts.
Front Range Biosciences brings modern agriculture to cannabis and hemp to improve reliability, efficiency, and safety for cultivators and consumers. They provide advanced agricultural science services to plant growers.
Front Range Biosciences brings modern agriculture to cannabis and hemp to improve reliability, efficiency, and safety for cultivators and consumers. They provide advanced agricultural science services to plant growers.

Fyllo

Series C in 2021
The Fyllo Compliance Cloud is a suite of enterprise-grade software and services powered by RegsTechnology, the largest database of cannabis laws and regulations at the federal, state and local level. Fyllo delivers advanced data, media, and compliance solutions that are built for the complexities of highly regulated industries. Ambitious marketers and legal professionals choose Fyllo as their partner to go bigger and grow faster with trust and confidence in compliance.

Ascend Wellness Holdings, LLC

Venture Round in 2019
Ascend Wellness Holdings, LLC engages in the cultivation, production, and distribution of cannabis products. It offers flowers, strains, concentrates, and vapes. The company sells its products through its retail stores in Michigan, Illinois, Massachusetts, and Ohio. Ascend Wellness Holdings, LLC was founded in 2018 and is based in Waltham, Massachusetts.

Fyllo

Series B in 2021
The Fyllo Compliance Cloud is a suite of enterprise-grade software and services powered by RegsTechnology, the largest database of cannabis laws and regulations at the federal, state and local level. Fyllo delivers advanced data, media, and compliance solutions that are built for the complexities of highly regulated industries. Ambitious marketers and legal professionals choose Fyllo as their partner to go bigger and grow faster with trust and confidence in compliance.
Front Range Biosciences brings modern agriculture to cannabis and hemp to improve reliability, efficiency, and safety for cultivators and consumers. They provide advanced agricultural science services to plant growers.

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.

Fyllo

Series A in 2020
The Fyllo Compliance Cloud is a suite of enterprise-grade software and services powered by RegsTechnology, the largest database of cannabis laws and regulations at the federal, state and local level. Fyllo delivers advanced data, media, and compliance solutions that are built for the complexities of highly regulated industries. Ambitious marketers and legal professionals choose Fyllo as their partner to go bigger and grow faster with trust and confidence in compliance.

Pathogen DX

Series B in 2019
PathogenDx has developed a microarray based test specifically designed for the cannabis, botanical, food and agricultural testing markets. Our technology allows test labs to conduct between 12- 48 tests in parallel, testing up to 20 pathogens per test in less than a days’ shift. This is done at a fraction of the cost of plate counts or Realtime PCR. Our Raw Sample technology allows laboratories to bypass almost 20 steps that Real-time PCR must perform for DNA extraction and purification. PathogenDx technology bypasses the need for purification, quantitation, and normalization increasing the speed and affordability of pathogen screening. This helps our customers reduce testing time by 12 hours on the front end, and avoid spending money on sample prep kits and additional instrumentation.

Equilibria

Seed Round in 2020
Equilibria sells CBD gels, oils and creams specifically for women that are designed to help with anxiety, sleep and menstrual cramp relief.

Front Range Biosciences, Inc.

Venture Round in 2020
Front Range Biosciences brings modern agriculture to cannabis and hemp to improve reliability, efficiency, and safety for cultivators and consumers. They provide advanced agricultural science services to plant growers.

Pathogen DX

Series A in 2018
PathogenDx has developed a microarray based test specifically designed for the cannabis, botanical, food and agricultural testing markets. Our technology allows test labs to conduct between 12- 48 tests in parallel, testing up to 20 pathogens per test in less than a days’ shift. This is done at a fraction of the cost of plate counts or Realtime PCR. Our Raw Sample technology allows laboratories to bypass almost 20 steps that Real-time PCR must perform for DNA extraction and purification. PathogenDx technology bypasses the need for purification, quantitation, and normalization increasing the speed and affordability of pathogen screening. This helps our customers reduce testing time by 12 hours on the front end, and avoid spending money on sample prep kits and additional instrumentation.

Wurk

Seed Round in 2017
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.

Headset

Series A in 2017
Headset is a data-driven tech company that provides business intelligence platform for the cannabis industry. Their services cover an array of specialized needs that businesses in the industry have, be they growers, extractors, processors, or retailers. The company was born out of a mission to help operators make more informed business decisions through data. It aggregates multiple reporting sources to help analysts, producers, and retailers see opportunities and stay ahead of product trends. Headset was founded in 2015 and is based in Seattle, Washington.

Flow Kana

Series A in 2018
Flow Kana is the first sustainable, sun-grown cannabis brand to represent California's special micro-climates and the small-farmer ecosystem. We partner with independently owned family farms to provide a scalable platform that allows them to tell their story, distribute their products statewide and focus on doing what they love: farming regeneratively and sustainably - and all the while keeping the value they create within their local communities.