Salveo Capital

Salveo Capital is a private equity and venture capital firm based in Northbrook, Illinois, founded in 2016. The firm specializes in direct investments across various stages, including seed, early, mid, late venture, and growth capital investments, as well as fund of fund strategies through limited partner interests in secondary markets. Salveo Capital primarily focuses on the legalized cannabis sector, particularly in ancillary markets such as software and data, financial services, agricultural technology, biotechnology, and licensing. The firm seeks to invest between $5 million and $10 million in companies that support or operate within the cannabis ecosystem, including cultivation centers, dispensaries, and related services. Salveo Capital aims to partner with entrepreneurs and management teams to build scalable businesses in this emerging industry, primarily targeting opportunities within the United States.

Jeff Howard

Managing Partner

Jeff Howard

Managing Partner

23 past transactions

Fyllo

Series C in 2021
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.

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.

Fyllo

Series B in 2021
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.

Coda Signature

Venture Round in 2021
Coda Signature is a Colorado-based company that produces premium cannabis-infused products for both medicinal and adult-use markets. The company specializes in a range of offerings, including chocolate edibles, cannabis truffles, chocolate bars, and topical products. Coda Signature emphasizes bold flavor combinations and uses natural ingredients in its formulations, aiming to enhance the consumer experience while unlocking receptors in the body's endocannabinoid system. The company has gained recognition for its innovative approach to infused products.

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.

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

Venture Round in 2020
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.

PathogenDx

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.

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.

Coda Signature

Series A in 2019
Coda Signature is a Colorado-based company that produces premium cannabis-infused products for both medicinal and adult-use markets. The company specializes in a range of offerings, including chocolate edibles, cannabis truffles, chocolate bars, and topical products. Coda Signature emphasizes bold flavor combinations and uses natural ingredients in its formulations, aiming to enhance the consumer experience while unlocking receptors in the body's endocannabinoid system. The company has gained recognition for its innovative approach to infused products.

KelSie Biotech

Series A in 2019
KelSie Biotech, LLC is a biotechnology company based in Boulder, Colorado, focused on the research and development of innovative delivery methods for sensitive Active Pharmaceutical Ingredients (APIs). Established in 2017, the company specializes in creating dry powder formulations, utilizing patented technologies such as a bubble drying process and sublingual wafers. These advancements aim to enhance bioavailability and streamline the administration of medications, allowing patients to take their daily dosages with ease. In addition to product development, KelSie Biotech offers a range of services, including formulation, testing, licensing, trial design, manufacturing, and consulting.

Ascend Wellness

Venture Round in 2019
Ascend Wellness Holdings, LLC specializes in the cultivation, production, and distribution of cannabis products, including flowers, strains, concentrates, and vapes. The company operates retail stores in Michigan, Illinois, Massachusetts, and Ohio, providing a customer-focused experience in the cannabis market. Founded in 2018 and headquartered in Waltham, Massachusetts, Ascend Wellness aims to contribute to a robust and inclusive cannabis industry through its integrated approach as a cultivator, processor, and dispensary operator.

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.

Ascend Wellness

Venture Round in 2018
Ascend Wellness Holdings, LLC specializes in the cultivation, production, and distribution of cannabis products, including flowers, strains, concentrates, and vapes. The company operates retail stores in Michigan, Illinois, Massachusetts, and Ohio, providing a customer-focused experience in the cannabis market. Founded in 2018 and headquartered in Waltham, Massachusetts, Ascend Wellness aims to contribute to a robust and inclusive cannabis industry through its integrated approach as a cultivator, processor, and dispensary operator.

Front Range Biosciences

Series A in 2018
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.

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.

PathogenDx

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.

Flow Kana

Series A in 2018
Flow Kana, Inc. is a cannabis company based in San Francisco, California, focused on providing high-quality, sun-grown cannabis products sourced from small farms in Northern California, particularly from the Emerald Triangle region. Since its founding in 2015, the company has established itself by offering a range of products, including pre-rolled joints and flowers, while also facilitating an efficient distribution platform for small farmers. This approach not only supports local agricultural communities but also ensures that consumers have access to clean and compliant cannabis that is cultivated using organic methods. Additionally, Flow Kana engages in on-demand delivery services to meet the needs of patients, reinforcing its commitment to sustainability and inclusivity within the cannabis industry.

Front Range Biosciences

Venture Round in 2017
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.

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.

Front Range Biosciences

Seed Round in 2017
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.

Headset

Series A in 2017
Headset Inc. operates a cannabis market intelligence platform that delivers real-time insights for producers, processors, and retailers in the cannabis industry. The company offers a suite of tools, including Headset Insights Pulse, designed to provide contextualized industry data at various category levels, enabling cannabis business owners, investors, and media professionals to analyze market trends over time. Their services include monitoring product and brand positioning, assessing competitive landscapes, and providing dispensaries and retailers with business intelligence for sales forecasting, inventory management, and brand oversight. Founded in 2015, Headset is based in Bellevue, Washington, and aims to empower industry operators to make informed decisions through comprehensive data analysis.

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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