About MainStem
MainStem is a Healthcare company based in Seattle (United States) founded in 2014 by Long Nguyen and Alen Nguyen. Cloud-based software is offered for cannabis product purchasing. MainStem has raised $8 million across 4 funding rounds from investors including Merida Capital Partners and Poseidon Asset Management. Its chief executive, as recorded, is Alen Nguyen. MainStem offers products and services including Procurement Platform. Its focus areas include HealthTech, Cannabis HealthTech, Cannabis Business IT and Dispensary Management. Its legal entity is MainStem, Inc. Its competitors include TREEZ, Meadow Care and Roshi; 3 of its 3 listed competitors have raised funding.
Company details
MainStem was founded in 2014 in Seattle, United States, within the cannabis software sector. Cloud-based solutions are provided for managing purchases of cannabis products by dispensaries. Purchase Pro and Supplier Core ERP tools are utilized for operations, incorporating purchasing management, predictive analytics, and ERP integration. These services support supply chain efficiency in the industry.
- Headquarters Seattle, United States
- Founders Long Nguyen, Alen Nguyen
- SectorsHealthcare
- Email••••••••
- Phone•••• ••••
- Website mainstem.io
- Social LinkedIn X Facebook Instagram
- Legal Name Mainstem, Inc.
- Total Equity Funding$8M (USD)
in 4 rounds
- Latest Funding Round$325K (USD), Series C
Sep 2023
- InvestorsMerida Capital Partners
& 1 more
Products & Services of MainStem
MainStem offers a comprehensive portfolio of products and services, including Procurement Platform.
B2B platform for cannabis supply chain management and procurement
Funding Insights of MainStem
MainStem has successfully raised a total of $8M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $325 thousand completed in September 2023. 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 $8M
- Total Rounds 4
- Last Round Series C — $325,000
- First Round $2.18M
(May 2018)
- Investors Count 2
All 4 funding rounds of MainStem 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 |
|---|---|---|---|---|---|
| Sep 2023 | $325,000 | Series C | – | – | – |
| Sep 2021 | $5M | Series C | – | – | |
| Dec 2018 | $500,000 | Series B | – | – | – |
| May 2018 | $2.18M | Series B | – | Merida Capital Partners |
2 investors in total: 2 institutional.
Investors in MainStem
MainStem has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Merida Capital Partners and Poseidon Asset Management.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| meridacap.com | ||||
Investment management services are provided in the cannabis sector. | 2014 | poseidonassetmanagement.com |
Investor details for MainStem
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of MainStem
6 people are tracked at MainStem (6 in leadership).
| Name | Role | Group |
|---|---|---|
Long Nguyen | Co-Founder | Leadership |
Alen Nguyen | Co-Founder & CEO | Leadership |
Adrienne Bailey | VP Of Finance | Leadership |
John Wesley | Chief Product Officer | Leadership |
Garrett Hampton | Chief Technology Officer | Leadership |
Kerrie McHugh | Head of Customer Experience | Leadership |
Complete people profiles for MainStem
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of MainStem
3 dated milestones of MainStem across 9 years, from founding to its latest funding, stage changes and deals.
- Founded MainStem is founded.
- Funding First funding round of $2.2M.
- Funding Latest funding round, Series C, of $325K.
Competitors of MainStem
MainStem has 3 listed competitors in our database, 3 of them funded. They include TREEZ, Meadow Care and Roshi.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| treez.io | 2016 | Oakland, United States | $75.5M | 97 | Enterprise software is provided for cannabis dispensary management. | |
| getmeadow.com | 2014 | San Francisco, United States | $2.1M | POS software for cannabis dispensary management is provided. | ||
| roshi.me | 2017 | San Francisco, United States | $3.43M | Web-based supply chain management solutions are provided for cannabis industries. |
Detailed competitors of MainStem
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 MainStem
The website of MainStem (mainstem.io) receives about 1.2K visits a month.
- Monthly visits1.2K
Top companies in Cannabis Health Tech Ecosystem
3 companies that operate in the same segment as MainStem (Cannabis Health Tech Ecosystem) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online marketplace platform for cannabis traders | 2015 | New York, New York, United States | USD 195.4 M | |||
Loyalty and marketing solutions for cannabis dispensaries are provided. | 2012 | West Palm Beach, Florida, United States | USD 25.79 M | USD 22.83 M | ||
An online marketplace for cannabis products is operated. | 2017 | Bend, Oregon, United States | USD 603 M | 469 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Mainstem
Complete news archive for MainStem
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about MainStem
MainStem was founded in 2014 and raised its 1st funding round 4 years after it was founded.
MainStem is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
Alen Nguyen is the CEO of MainStem, as recorded in our data. They have also founded this company.
MainStem is a funded company, having raised a total of $8M across 4 funding rounds to date. The company's 1st funding round was a Series B of $2.18M, raised on May 2018.
MainStem was founded in 2014 in Seattle, United States, within the cannabis software sector. Cloud-based solutions are provided for managing purchases of cannabis products by dispensaries. Purchase Pro and Supplier Core ERP tools are utilized for operations, incorporating purchasing management, predictive analytics, and ERP integration. These services support supply chain efficiency in the industry.
MainStem's top competitors include TREEZ, Meadow Care and Roshi.
MainStem offers Procurement Platform.
MainStem has 2 investors. Key investors include Merida Capital Partners, and Poseidon Asset Management.
MainStem operates through Mainstem, Inc..