About Green Bits
Green Bits is a Retail company based in San Jose (United States) founded in 2014, and was acquired by dutchie in March 2021. IPad-based POS system is designed for marijuana retailers. Green Bits has raised $42.2 million across 3 funding rounds from investors including dutchie, Tiger Global and Casa Verde. Its focus areas include In Store Retail Tech and POS. Its competitors include Square, SpotOn and Clover; 3 of its 3 listed competitors have raised funding.
Company details
Green Bits is an iPad-based POS checkout system designed for marijuana retailers. The data collected is stored on the cloud which can be accessed for back office operations such as monitoring of inventory on an SKUbatch level, flexible cash management, and segment and graphically represent the sales data. They have partnerships with Weedmaps and Leafly. Also offers a built-in chat, email, and call feature. Retailers can analyze the transaction data in real-time to gain actionable insights.
- Headquarters San Jose, United States
- Stage Acquired
- SectorsRetail
- Website greenbits.com
- Social LinkedIn X
- Acquired by dutchie (Mar 2021)
Funding Insights of Green Bits
Green Bits has successfully raised a total of $42.2M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $23 million completed in April 2020. 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 $42.2M
- Total Rounds 3
- Last Round Series B — $23M
- First Round $2.2M
(Aug 2017)
- Investors Count 3
All 3 funding rounds of Green Bits 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 |
|---|---|---|---|---|---|
| Apr 2020 | $23M | Series B | – | Tiger Global Management, Casa Verde Capital | |
| Apr 2018 | $17M | Series A | – | Tiger Global Management | |
| Aug 2017 | $2.2M | Series A | – | Casa Verde Capital | – |
4 investors in total: 4 institutional.
Investors in Green Bits
Green Bits has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include dutchie, Tiger Global and Casa Verde.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture and private equity investments are managed with global diversification. | tigerglobal.com | New York, United States | ||
Investment in cannabis industry startups is facilitated by Casa Verde. | 2021 | casaverdecapital.com | ||
US private equity investments are managed by DNS Capital. | dnscap.com | Chicago, United States | ||
An online marketplace for cannabis products is operated. | 2017 | dutchie.com | Bend, United States |
Investor details for Green Bits
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Green Bits
92 people are tracked at Green Bits (25 in leadership, 67 in team).
| Name | Role | Group |
|---|---|---|
Tim Barash | Chairman & Chief Executive Officer | Leadership |
Nick DeLeonardis | Chief Financial Officer | Leadership |
Alexander Hails | Senior Vice President, Head Of Product & Design | Leadership |
Katherine Scherr | Senior Director Of Engineering | Leadership |
Chris Ostrowski | Chief Technology Officer | Leadership |
Ali Amirhooshmand | Head Of Government Relations | Leadership |
Chris Ridings | SVP - Head Of Customer Success | Leadership |
Michaela Superson | Senior Director, Customer Success Operations | Leadership |
Devin McClintock | Director, Solutions | Leadership |
Susan Cotter | Vp, People | Leadership |
Bill Ceglarski | Senior Director, Sales - Payments | Leadership |
Stephanie Harvey | Senior Director Of Operational Success | Leadership |
Francine W. | Director, Compliance | Leadership |
Andrea Schlechter | Director, Corporate Accounting | Leadership |
Eric Livergood | Cto, Leaflogix | Leadership |
Bobby Asplund | Vp, Growth | Leadership |
Sasha Richards | Director Of Financial Operations | Leadership |
Bryan Barash | Vice President, External Affairs And Deputy General Counsel | Leadership |
Sierra Parker | Senior Director, Growth Operations | Leadership |
Christopher Ostrowski | CTO | Leadership |
72 more people are available in the full profile.
Complete people profiles for Green Bits
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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Verified entity values are shown only after access is granted.
Timeline of Green Bits
4 dated milestones of Green Bits across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Green Bits is founded.
- Funding First funding round of $2.2M.
- Funding Latest funding round, Series B, of $23.0M.
- Exit Acquired by dutchie.
Competitors of Green Bits
Green Bits has 3 listed competitors in our database, 3 of them funded. They include Square, SpotOn and Clover.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| squareup.com | 2009 | San Francisco, United States | $519.75M | 11,372 | POS solutions are provided for retail businesses. | |
| spoton.com | 1999 | San Francisco, United States | $900M | 1,355 | Provider of cloud-based POS software solutions for businesses and service providers | |
| clover.com | 2010 | Mountain View, United States | $8.75M | 6 | Cloud-based mPOS system for small business operations is offered. |
Detailed competitors of Green Bits
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Green Bits
The website of Green Bits (greenbits.com) receives about 3.9K visits a month.
- Monthly visits3.9K
▲ 54.5% vs previous month
Top companies in Autonomous & In-Store Retail Tech
3 companies that operate in the same segment as Green Bits (Autonomous & In-Store Retail Tech) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Point-of-sale financing is facilitated via an online platform for retailers. | 2016 | Los Angeles, California, United States | USD 158.63 M | 576 | ||
POS solutions are provided for retail businesses. | 2009 | San Francisco, California, United States | USD 519.75 M | USD 24.19 B | 6,214 | |
Provider of cloud-based POS software solutions for businesses and service providers | 1999 | San Francisco, California, United States | USD 923 M | 2,684 |
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Related news about Green Bits
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Frequently Asked Questions about Green Bits
Green Bits was founded in 2014 and raised its 1st funding round 3 years after it was founded.
Green Bits is headquartered in San Jose, United States. It is registered at San Jose, California, United States.
Green Bits is a funded company, having raised a total of $42.2M across 3 funding rounds to date. The company's 1st funding round was a Series A of $2.2M, raised on Aug 2017.
Green Bits is an iPad-based POS checkout system designed for marijuana retailers. The data collected is stored on the cloud which can be accessed for back office operations such as monitoring of inventory on an SKUbatch level, flexible cash management, and segment and graphically represent the sales data. They have partnerships with Weedmaps and Leafly. Also offers a built-in chat, email, and call feature. Retailers can analyze the transaction data in real-time to gain actionable insights.
Green Bits has 4 investors. Key investors include dutchie, Tiger Global, Casa Verde, and DNS Capital.
Yes. Green Bits was acquired by dutchie in March 2021.