About Cannect Wellness
Cannect Wellness is a company based in Chicago (United States) founded in 2023 by Gabriel Singal and David Michaud.. Cannect Wellness has raised $14.5 million across 2 funding rounds. Cannect Wellness offers products and services including Premium Cannabis Flower and Craft Cannabis Products.
- Headquarter Chicago, United States
- Founders Gabriel Singal, David Michaud
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Sectors
Consumer
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Phone
*********
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Website
*********
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Social
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- Legal Name Cannect Wellness
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$14.5 M (USD)
in 2 rounds
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Latest Funding Round
$7 M (USD), Series A
Sep 27, 2024
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Investors
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Employee Count
Employee Count
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Products & Services of Cannect Wellness
Cannect Wellness offers a comprehensive portfolio of products and services, including Premium Cannabis Flower and Craft Cannabis Products. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Finest cannabis flower is cultivated using sustainable methods to highlight natural potency and quality
Strain-specific cannabis products are manufactured with a focus on purity and full terpene profiles
Funding Insights of Cannect Wellness
Cannect Wellness has successfully raised a total of $14.5M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $7 million completed in September 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 Series A — $7.0M
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First Round
First Round
(08 Mar 2023)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2024 | Amount | Series A - Cannect Wellness | Valuation |
investors |
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| Mar, 2023 | Amount | Series A - Cannect Wellness | 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 |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Cannect Wellness
| 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 |
Financial Statements - Cannect Wellness
| 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 |
Cannect Wellness Comparisons
Competitors of Cannect Wellness
| 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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Frequently Asked Questions about Cannect Wellness
When was Cannect Wellness founded?
Cannect Wellness was founded in 2023.
Where is Cannect Wellness located?
Cannect Wellness is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Who is the current CEO of Cannect Wellness?
Gabriel Singal is the current CEO of Cannect Wellness. They have also founded this company.
Is Cannect Wellness a funded company?
Cannect Wellness is a funded company, having raised a total of $14.5M across 2 funding rounds to date. The company's 1st funding round was a Series A of $7.5M, raised on Mar 08, 2023.
What does Cannect Wellness do?
Cannect Wellness was established in 2023 in Chicago, United States, as a provider in the cannabis sector. Craft cannabis products are developed and distributed, focusing on wellness applications. Operations are centered in the United States, with services tailored to consumer needs in the emerging cannabis market. Leadership is provided by co-founders Gabriel Singal as CEO and David Michaud. The companys domain, cannnectwellness.com, supports its online presence.
What products or services does Cannect Wellness offer?
Cannect Wellness offers Premium Cannabis Flower and Craft Cannabis Products.