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New Deal


Announced

Completed

Honor Ventures led a $100m Series C funding round in Jane Technologies.

Financials

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Transaction Value£72m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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e-commerce activity

Minority

Acquisition

Friendly

E-commerce

Private

Completed

United States

Venture Capital

Domestic

Private Equity

Synopsis

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Honor Ventures, an investment firm, led a $100m Series C funding round in Jane Technologies, an operator of an e-commerce marketplace intended to serve the cannabis industry. Other investors include Third Point Ventures, Gotham Green Partners, L2 Ventures, Delta Emerald Ventures and Artemis Growth Partners. Jane will use the additional funding to expand its digital footprint and grow its team across multiple areas of operations. The capital will also be used to further enhance existing software solutions and introduce new technologies to help bring large cannabis enterprises and small operators into the future of digital retail. "This round of funding represents the beginning of the next chapter for Jane as we continue steadfast on our mission of empowering local businesses while providing safe access to a plant that helps so many people around the world," Socrates Rosenfeld, Jane Co-founder and CEO.

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