Halley Venture Fund I

Halley Venture Partners, L.P. is a venture capital firm founded in 2017 and based in Lafayette, California. The firm specializes in early-stage investments within the legal cannabis industry, with a particular emphasis on cannabis-related technology and agricultural companies. Halley Venture Partners aims to support ancillary technology companies that enhance the operations of licensed cannabis businesses by increasing sales, developing new products, reducing costs, ensuring regulatory compliance, and exploring the medical benefits of cannabis and hemp. The firm brings together a diverse team of professionals, including engineers, scientists, and legal experts, to identify and nurture innovative companies and their visionary founders in the cannabis sector.

Steven Schuman

Founder & Managing Director

14 past transactions

Willow Industries

Series A in 2022
Willow Industries, LLC specializes in technology for the decontamination of cannabis and hemp, focusing on post-harvest processes. Based in Denver, Colorado, the company has developed a patent-pending machine, WillowPure, which employs ozone-based oxidation to effectively reduce contaminants such as mold, yeast, mildew, Aspergillus, Salmonella, and E. Coli without compromising the flower's medicinal properties or visual appeal. In addition to its decontamination technology, Willow Industries offers consulting services related to compliance, regulations, and testing procedures, as well as evaluations for dry and cure rooms. Founded in 2016, the company aims to ensure the safety and quality of cannabis products through innovative and scientifically validated methods.

Lucid Green

Venture Round in 2021
Lucid Green enables the cannabis industry to communicate trust and transparency through a direct connection with the consumer. It gives brands a direct-to-consumer and direct-to-budtender marketing channel while incentivizing brands and their suppliers to provide accurate and timely product information. As a blockchain solution, all actions by data uploaders and data consumers are governed and driven by a sophisticated, immutable ledger and a token economy. It was founded in 2018 and is headquartered in New York, New York.

springbig

Series B in 2020
SpringBig, Inc. develops loyalty marketing and customer relationship management (CRM) software tailored for cannabis dispensaries and brands. Founded in 2012 and headquartered in Boca Raton, Florida, the company offers a platform designed to enhance customer retention, boost revenue, and cultivate brand loyalty through targeted marketing campaigns. This platform enables merchants to implement loyalty programs and rewards, manage referral initiatives, and conduct brand advertising, all accessible via an online portal and mobile applications. SpringBig's technology solutions are specifically crafted to meet the unique needs of retailers in the cannabis sector.

RICOVR Healthcare

Seed Round in 2020
RICOVR Healthcare Inc. is a company that manufactures and markets point-of-care medical devices focused on oral diagnostics. Established in 2018 and based in Princeton, New Jersey, RICOVR has developed a saliva-based biosensor technology that enables rapid testing for various applications. These devices provide real-time screening and diagnostic results, allowing for the quick detection of drug use, including THC, as well as disease markers such as proteins and DNA/RNA. The technology is designed to deliver high-quality, cost-effective results in approximately five minutes from a small saliva sample. RICOVR's products serve a diverse clientele, including individuals, businesses, healthcare systems, and law enforcement, by offering non-invasive testing solutions that enhance access to critical health information.

Tuli Technologies, Inc.

Convertible Note in 2020
Tuli Technologies, Inc. is a Newport Beach, California-based company that specializes in social commerce. Established in 2018, Tuli is developing an online retail application designed to create a unique shopping community for merchants, influencers, and consumers globally. The platform allows users to discover, recommend, and shop from thousands of merchants across various categories, including food, fashion, health, pets, interior design, and art. Tuli aims to enhance the shopping experience by providing a streamlined digital interface that fosters engagement among users and their preferred brands, while also encouraging connections with fellow shoppers.

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.

Willow Industries

Venture Round in 2019
Willow Industries, LLC specializes in technology for the decontamination of cannabis and hemp, focusing on post-harvest processes. Based in Denver, Colorado, the company has developed a patent-pending machine, WillowPure, which employs ozone-based oxidation to effectively reduce contaminants such as mold, yeast, mildew, Aspergillus, Salmonella, and E. Coli without compromising the flower's medicinal properties or visual appeal. In addition to its decontamination technology, Willow Industries offers consulting services related to compliance, regulations, and testing procedures, as well as evaluations for dry and cure rooms. Founded in 2016, the company aims to ensure the safety and quality of cannabis products through innovative and scientifically validated methods.

Bloom Automation

Seed Round in 2019
Bloom Automation, Inc. specializes in the manufacturing and sale of robotics designed specifically for the commercial cannabis industry. Founded in 2016 and headquartered in Woburn, Massachusetts, the company provides automated solutions for trimming and processing cannabis plants post-harvest. Bloom Automation aims to enhance efficiency and precision in cannabis processing through its innovative robotic technology.

PathogenDx

Seed Round 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.

Bloom Automation

Seed Round in 2018
Bloom Automation, Inc. specializes in the manufacturing and sale of robotics designed specifically for the commercial cannabis industry. Founded in 2016 and headquartered in Woburn, Massachusetts, the company provides automated solutions for trimming and processing cannabis plants post-harvest. Bloom Automation aims to enhance efficiency and precision in cannabis processing through its innovative robotic technology.

springbig

Venture Round in 2017
SpringBig, Inc. develops loyalty marketing and customer relationship management (CRM) software tailored for cannabis dispensaries and brands. Founded in 2012 and headquartered in Boca Raton, Florida, the company offers a platform designed to enhance customer retention, boost revenue, and cultivate brand loyalty through targeted marketing campaigns. This platform enables merchants to implement loyalty programs and rewards, manage referral initiatives, and conduct brand advertising, all accessible via an online portal and mobile applications. SpringBig's technology solutions are specifically crafted to meet the unique needs of retailers in the cannabis sector.

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.
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