About Herb
Herb is a company based in Denver (United States) founded in 2006. It operates as a Direct-to-Consumer (D2C), and Advertising Model. Herb has raised $4.1 million across 1 funding round from investors including Lerer Hippeau, Adam Zeplain and Harley Finkelstein. Herb offers products and services including Cannabis Guides, THC Edibles, Vape Pens, and THC Beverages. Herb operates in a competitive market with competitors including Civilized, Kinamik, Merry Jane, New Cannabis Ventures and Dope Magazine, among others.
- Headquarter Denver, United States
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Sectors
Media & Entertainment
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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
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Net Profit
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EBITDA
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Total Equity Funding
$4.1 M (USD)
in 1 rounds
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Latest Funding Round
$4.1 M (USD), Seed
Aug 29, 2017
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Investors
Lerer Hippeau
& 9 more
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Employee Count
Employee Count
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Products & Services of Herb
Herb offers a comprehensive portfolio of products and services, including Cannabis Guides, THC Edibles, Vape Pens, and THC Beverages. 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.
Guides on cannabis strains and usage are provided.
THC-infused edibles like gummies are offered online.
Vaporizers for cannabis consumption are sold online.
THC-infused drinks like sodas are available here.
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Funding Insights of Herb
Herb has successfully raised a total of $4.1M through 1 strategic funding round. The most recent funding activity was a Seed round of $4.1 million completed in August 2017. 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 — $4.1M
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First Round
First Round
(29 Aug 2017)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2017 | Amount | Seed - Herb | Valuation | Lerer Hippeau |
| 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 Herb
Herb has secured backing from 10 investors, including angel and venture fund investors. Prominent investors backing the company include Lerer Hippeau, Adam Zeplain and Harley Finkelstein. 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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Venture capital fund focused on seed-stage investment in multiple sectors
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Founded Year | Domain | Location | |
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Seed & early stage tech-focused venture capital firm investing in the US and Canada
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Founded Year | Domain | Location | |
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Tech-focused Early-stage centric VC Firm investing primarily in the US
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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 Herb
| 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 - Herb
| 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 |
Herb Comparisons
Competitors of Herb
Herb 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 Civilized, Kinamik, Merry Jane, New Cannabis Ventures and Dope Magazine, 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 |
Lifestyle portal with a focus on cannabis
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| domain | founded_year | HQ Location |
Online platform providing information and updates on the vape
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| domain | founded_year | HQ Location |
Cannabis lifestyle content is delivered via a digital media platform.
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| domain | founded_year | HQ Location |
Offers curated news, insights, and resources on the cannabis industry for investors.
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| domain | founded_year | HQ Location |
Cannabis lifestyle news and reviews are featured by Dope Magazine.
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| 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 Herb
When was Herb founded?
Herb was founded in 2006 and raised its 1st funding round 11 years after it was founded.
Where is Herb located?
Herb is headquartered in Denver, United States. It is registered at Denver, Colorado, United States.
Is Herb a funded company?
Herb is a funded company, having raised a total of $4.1M across 1 funding round to date. The company's 1st funding round was a Seed of $4.1M, raised on Aug 29, 2017.
What does Herb do?
Herb is involved in providing educational content about cannabis through guides and news. The company also retails a variety of cannabis products, including edibles, beverages, vape pens, and accessories. Operations are focused on the cannabis industry, covering legalization news, industry updates, and cultural trends. Solutions are offered to consumers seeking information and products related to cannabis use across multiple cities globally.
Who are the top competitors of Herb?
Herb's top competitors include Civilized, Kinamik and Merry Jane.
What products or services does Herb offer?
Herb offers Cannabis Guides, THC Edibles, Vape Pens, and THC Beverages.
Who are Herb's investors?
Herb has 10 investors. Key investors include Lerer Hippeau, Adam Zeplain, Harley Finkelstein, Tobias Albin Lutke, and Liquid 2 Ventures.