SEATTLE – Headset, the main supplier of information and analytics to the hashish business, introduced at present that it has raised $3M of recent capital led by Althea, a personal fairness funding agency. Other collaborating buyers are Poseidon Investment Management, a number one investor in the authorized hashish and hemp industries and WGD Capital, L.P., a hashish targeted enterprise fund. As a part of this financing, Headset additionally transformed $5.6M of bridge notes beforehand issued in August 2020 and April 2021. Headset’s unmatched scale of retail information is leveraged by hundreds of organizations to make smarter selections in relation to the hashish business and this spherical of capital will allow them to increase that attain.

“With this latest round of capital, Headset is able to achieve significant milestones in the industry, including the expansion of our market measurement services to all legal markets and launch new and exciting services designed to help organizations understand and activate consumer purchase behaviors at unprecedented levels,” mentioned Cy Scott, CEO and Co-Founder of Headset, “We are excited to be working with Althea who brings expertise in the areas of technology, analytics, CPG and cannabis.”

Since its launch in 2015, Headset has been the chief in powering superior and unparalleled analytics providers for rising buyer bases inside hashish, supporting retailers and dispensaries in over thirty territories, with market projections in the U.S. and Canada. They proceed to raise the caliber of the hashish business offering exact data-driven insights to manufacturers, dispensaries, retailers and organizations in the monetary providers and client packaged items sector. This increase will deploy capital and finally allow Headset to shortly increase its market intelligence platform.

“At Althea, we partner with exceptional founders who are passionate about their people,” mentioned Don Stoltz, Co-Founder of Althea. “Cy, Scott and Brian, have prioritized culture and collaboration while encouraging intellectual freedom. As Peter Drucker said, ‘Culture eats strategy for breakfast’. We are thrilled to join the Headset family on the next leg of their journey.”

“The Headset platform is unparalleled in its breadth, depth, and real time analytics, providing it with an enduring competitive advantage and growing business moat,” mentioned Eliza Gairard, Co-Founder of Althea. “As the industry matures, the importance of data and analytics will grow exponentially, and we believe Headset is uniquely positioned to win.”

About Headset

Headset is a knowledge analytics firm in the hashish business with a mission to assist companies make better-informed selections by information. Headset focuses on amassing and analyzing client transaction info. Headset’s fashions and dashboards assist hashish retailers higher optimize their day-to-day operations. In addition, product producers, processors and distributors leverage the aggregated, standardized and anonymized receipt-level gross sales information in real-time to establish developments and alternatives, keep aggressive and collaborate with retail prospects. Learn extra at https://www.headset.io/.

About Althea

Althea is an funding agency targeted on the way forward for wellness. We are obsessed with individuals, vegetation, and partnership. We consider in the facility of fixing your thoughts. Our aim is to stay a curious life, rooted in gratitude, authenticity and humility. We assist entrepreneurs by way of strategic steering, capital, and private connection in order to drive extraordinary outcomes for all stakeholders. Althea Equity Fund I is targeted on plant-based wellness, grounded in our perception that hashish can really change the world for the higher.



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