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D1 Capital led a $350m Series D funding round in Dutchie.

Synopsis

D1 Capital, a global investment firm, led a $350m Series D funding round in Dutchie, a provider of safe and easy access to cannabis retailers for consumers. Additional investors include Tiger Global, Dragoneer, DFJ Growth, Thrive Capital, Gron Ventures, Casa Verde Capital, Willoughby Capital, Glynn Capital and Park West Asset Management. “The verdict is out, and cannabis is a force for good. That is the biggest development we are excited about. The cannabis space is the fastest growing industry, up 35% year over year. Dutchie is working with over 5k dispensaries in North America and processed $14bn in annualized sales for those dispensaries. We’ve seen 100% year over year growth with dispensaries," Ross Lipson, Dutchie Co-Founder and CEO.

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