About Dispense
Dispense is a company based in Boston (United States) founded in 2020 was acquired by Alpine IQ in March 2024.. Dispense has raised $2 million across 1 funding round from investors including Alpine IQ, NextView Ventures and Poseidon Asset Management. The company has 15 employees as of December 31, 2022. Dispense offers products and services including AIQ Ecommerce, Dispensary Management, and Delivery Services. Dispense operates in a competitive market with competitors including Flowhub, Prelude, GreenSTOP, WebJoint and Growthsayer, among others.
- Headquarter Boston, United States
- Employees 15 as on 31 Dec, 2022
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Sectors
Healthcare
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Phone
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Website
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Social
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- Legal Name Dispense Software Inc.
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Products & Services of Dispense
Dispense offers a comprehensive portfolio of products and services, including AIQ Ecommerce, Dispensary Management, and Delivery Services. 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.
Platform for managing online orders in cannabis dispensaries.
Tools for operations, integrations, and analytics in dispensaries.
Features for drive-through and order delivery management.
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Funding Insights of Dispense
Dispense has successfully raised a total of $2M through 1 strategic funding round. The most recent funding activity was a Seed round of $2 million completed in September 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 Total Funding
- Total Rounds 1
- Last Round Seed — $2.0M
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First Round
First Round
(21 Sep 2021)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2021 | Amount | Seed - Dispense | Valuation | NextView Ventures |
| 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 |
Investors in Dispense
Dispense has secured backing from 6 investors, including venture fund and angel investors. Prominent investors backing the company include Alpine IQ, NextView Ventures and Poseidon Asset Management. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Seed-stage tech startups are invested in by NextView Ventures.
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Founded Year | Domain | Location | |
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Investment management services are provided in the cannabis sector.
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Founded Year | Domain | Location | |
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Achari Ventures is engaged in investment across niche industries.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Dispense
| 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 - Dispense
| 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 |
Dispense Comparisons
Competitors of Dispense
Dispense operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Flowhub, Prelude, GreenSTOP, WebJoint and Growthsayer, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of software suite solutions for cannabis stores
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| domain | founded_year | HQ Location |
Supply chain management system is provided for cannabis dispensaries.
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| domain | founded_year | HQ Location |
Automated cannabis vending machines are developed for dispensaries.
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| domain | founded_year | HQ Location |
Cloud-based cannabis delivery platform is offered for dispensaries and brands.
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| domain | founded_year | HQ Location |
AI-based inventory management software is offered for cannabis dispensaries.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Dispense
Frequently Asked Questions about Dispense
When was Dispense founded?
Dispense was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Dispense located?
Dispense is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Is Dispense a funded company?
Dispense is a funded company, having raised a total of $2M across 1 funding round to date. The company's 1st funding round was a Seed of $2M, raised on Sep 21, 2021.
How many employees does Dispense have?
As of Dec 31, 2022, the latest employee count at Dispense is 15.
What does Dispense do?
Dispense was founded in 2020 in Boston, United States, where a software platform is offered for cannabis business management. Operations including sales teams, human resources, accounting, marketing, cultivation, manufacturing, distribution, retail, and overall activities are supported. The solution addresses key needs within the cannabis industry, enabling streamlined processes for dispensaries and related enterprises.
Who are the top competitors of Dispense?
What products or services does Dispense offer?
Dispense offers AIQ Ecommerce, Dispensary Management, and Delivery Services.
Who are Dispense's investors?
Dispense has 6 investors. Key investors include Alpine IQ, NextView Ventures, Poseidon Asset Management, Achari Ventures, and Roc Nation.