About CiiTECH
CiiTECH is a Consumer company based in London (United Kingdom) founded in 2017. Cannabis therapeutics for neurological disorders and others are developed. CiiTECH has raised $2.91 million across 1 funding round from investors including Fastforward Innovations. Its focus areas include Retail, Cannabis Brands and Retailers, Brands and Application Specific. Its legal entity is CiiTECH LTD. Its competitors include Theros Pharmaceutical, Diem Botanics and Breathe Life Sciences.
Company details
CiiTECH was founded in 2017 and is headquartered in London, United Kingdom. Operations focus on the development of cannabis-based therapeutics within the biotechnology sector. Products are targeted at conditions such as neurological disorders, asthma, liver disease, and obesity. These therapeutics are designed to bind with CB1 and CB2 receptors in the brain, facilitating treatment for various diseases. The companys domain is ciitech.co.il.
- Headquarters London, United Kingdom
- SectorsConsumer
- Email••••••••
- Phone•••• ••••
- Website ciitech.co.il
- Social LinkedIn X Facebook
- Legal Name Ciitech Ltd
- Net Profit$581.9 K (USD)1771as on Dec 31, 2019
- Total Equity Funding$2.91M (USD)
in 1 rounds
- Latest Funding Round$2.91M (USD), Seed
Jul 2021
- Investors
Funding Insights of CiiTECH
CiiTECH has successfully raised a total of $2.91M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.91 million completed in July 2021. 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 $2.91M
- Total Rounds 1
- Last Round Seed — $2.91M
- First Round $2.91M
(Jul 2021)
- Investors Count 1
All 1 funding rounds of CiiTECH with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2021 | $2.91M | Seed | – | Fastforward Innovations | – |
1 investors in total: 1 institutional.
Investors in CiiTECH
CiiTECH has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Fastforward Innovations.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Tech & life Science focused early stage VC firm investing in North America & Europe | 2006 | fstfwd.co | Saint Peter Port, Guernsey |
Investor details for CiiTECH
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Timeline of CiiTECH
2 dated milestones of CiiTECH across 4 years, from founding to its latest funding, stage changes and deals.
- Founded CiiTECH is founded.
- Funding First funding round of $2.9M.
Competitors of CiiTECH
CiiTECH has 3 listed competitors in our database. They include Theros Pharmaceutical, Diem Botanics and Breathe Life Sciences.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| theros.co | 2012 | Newcastle Upon Tyne, United Kingdom | Medical cannabis products are developed and branded by Theros Pharmaceutical. | |||
| diembotanics.co.uk | 2019 | London, United Kingdom | Delivers cannabis-based wellness products to enhance health and well-being. | |||
| breathelifesciences.com | 2021 | London, United Kingdom | Brand of cannabis medical, health, and wellness products |
Detailed competitors of CiiTECH
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Related news about Ciitech
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Frequently Asked Questions about CiiTECH
CiiTECH was founded in 2017 and raised its 1st funding round 4 years after it was founded.
CiiTECH is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
CiiTECH is a funded company, having raised a total of $2.91M across 1 funding round to date. The company's 1st funding round was a Seed of $2.91M, raised on Jul 2021.
CiiTECH was founded in 2017 and is headquartered in London, United Kingdom. Operations focus on the development of cannabis-based therapeutics within the biotechnology sector. Products are targeted at conditions such as neurological disorders, asthma, liver disease, and obesity. These therapeutics are designed to bind with CB1 and CB2 receptors in the brain, facilitating treatment for various diseases. The companys domain is ciitech.co.il.
CiiTECH's top competitors include Theros Pharmaceutical, Breathe Life Sciences and Diem Botanics.
CiiTECH has 1 investor. Key investors include Fastforward Innovations.
CiiTECH operates through Ciitech Ltd.