Floret Ventures

Floret Ventures is a venture capital firm based in San Francisco, California, founded in 2017. Specializing in growth capital investments, the firm focuses on emerging technology companies across various sectors, including e-commerce, hardware, software as a service (SaaS), payments, mobile, and media. Floret Ventures has invested in over 20 companies through a mix of corporate and angel investments, and it has been involved in the founding of multiple companies. The firm has also participated in exits valued at over $10 billion, highlighting its active role in the technology investment landscape.

Lily Teng

Partner

4 past transactions

Nabis

Series B in 2021
Nabis is a licensed cannabis wholesale marketplace that specializes in distributing cannabis products to retailers. The company operates a platform that utilizes a fast distribution network to fulfill, store, and sell wholesale cannabis products. This service benefits a wide range of retailers, from small delivery businesses to large dispensary chains, allowing them to efficiently manage and ship wholesale cannabis orders. In addition to distribution, Nabis offers sales, marketing, financing, and data analytics services, effectively coordinating the entire cannabis distribution lifecycle from production to delivery.

Canix

Seed Round in 2020
Canix is a San Francisco-based company founded in 2018 that specializes in developing automation software for medical and recreational cannabis cultivators and extractors. The company offers an advanced enterprise resource planning (ERP) system designed to streamline operations and enhance compliance with state regulations. Canix's software provides features such as barcode scanning, on-site integration and training, and a customizable interface, all supported by 24/7 phone assistance. By leveraging innovative technology and a comprehensive dataset that includes pricing, yield, and inventory information, Canix aims to optimize the daily operations of cannabis businesses and facilitate informed, revenue-driven decision-making.

Canix

Seed Round in 2019
Canix is a San Francisco-based company founded in 2018 that specializes in developing automation software for medical and recreational cannabis cultivators and extractors. The company offers an advanced enterprise resource planning (ERP) system designed to streamline operations and enhance compliance with state regulations. Canix's software provides features such as barcode scanning, on-site integration and training, and a customizable interface, all supported by 24/7 phone assistance. By leveraging innovative technology and a comprehensive dataset that includes pricing, yield, and inventory information, Canix aims to optimize the daily operations of cannabis businesses and facilitate informed, revenue-driven decision-making.

Canndescent

Series B in 2018
Canndescent LLC is a cannabis company based in Santa Barbara, California, specializing in the cultivation of premium cannabis flowers for medical purposes. The company employs a proprietary cultivation technology that enhances aromas and flavors, ensuring a consistent product for its customers. Canndescent distinguishes itself by abandoning traditional strain names, allowing for a more straightforward understanding of its offerings. Committed to compliance with state and local regulations, the company manages the entire process from cultivation to packaging and distribution, providing a quality-driven service that emphasizes deep cultivation expertise.
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