About Akanda Corp
Akanda Corp is a company based in London (United Kingdom) founded in 2021.. Akanda Corp has raised $5.32 million across 2 funding rounds. The company has 168 employees as of April 30, 2022. Akanda Corp has completed 3 acquisitions, including Bophelo, CanMart and Holigen.
- Headquarter London, United Kingdom
- Employees 168 as on 30 Apr, 2022
- Stage Public
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Sectors
Consumer
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
$836.66 K97.47as on Dec 31, 2024
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Net Profit
$-4.29 M86.69as on Dec 31, 2024
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EBITDA
$-4.24 M-22.95as on Dec 31, 2024
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Total Equity Funding
$5.32 M (USD)
in 2 rounds
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Latest Funding Round
$708 K (USD), Post-IPO
Feb 02, 2024
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Investors
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Employee Count
168
as on Apr 30, 2022
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Investments & Acquisitions
Bophelo
& 2 more
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IPO & Listings of Akanda Corp
Akanda Corp is a publicly listed company on the NASDAQ with ticker symbol AKAN in USA, operating in the Process industries sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Funding Insights of Akanda Corp
Akanda Corp has successfully raised a total of $5.32M across 2 strategic funding rounds. The most recent funding activity was a Post-IPO round of $708 thousand completed in February 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Post-IPO — $708,000
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First Round
First Round
(17 Nov 2021)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Post-IPO - Akanda Corp | Valuation |
investors |
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| Nov, 2021 | Amount | Series A - Akanda Corp | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Akanda Corp
Akanda Corp has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Bophelo, CanMart and Holigen. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Cannabis-based medicines are supplied by CanMart in the United Kingdom.
|
2019 | ||||
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Medicinal cannabis products are produced by Bophelo in Lesotho.
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2018 | ||||
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Medicinal cannabis products are cultivated, manufactured, and distributed by Holigen.
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2018 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Akanda Corp
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Akanda Corp Comparisons
Competitors of Akanda Corp
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Akanda Corp
Frequently Asked Questions about Akanda Corp
When was Akanda Corp founded?
Akanda Corp was founded in 2021.
Where is Akanda Corp located?
Akanda Corp is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Akanda Corp a funded company?
Akanda Corp is a funded company, having raised a total of $5.32M across 2 funding rounds to date. The company's 1st funding round was a Series A of $5.32M, raised on Nov 17, 2021.
How many employees does Akanda Corp have?
As of Apr 30, 2022, the latest employee count at Akanda Corp is 168.
What is the annual revenue of Akanda Corp?
Annual revenue of Akanda Corp is $836.66K as on Dec 31, 2024.
What does Akanda Corp do?
Akanda Corp, established in 2021, excels in providing healthcare solutions, and cannabis services. Offers medical wellness cannabis products sourcing and processing services. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide. It continues to evolve, meeting industry challenges with strategic approaches.
Is Akanda Corp publicly traded?
Yes, Akanda Corp is publicly traded on NASDAQ under the ticker symbol AKAN.
How many acquisitions has Akanda Corp made?
What is Akanda Corp's ticker symbol?
The ticker symbol of Akanda Corp is AKAN on NASDAQ.