About MainStem
MainStem is a company based in Seattle (United States) founded in 2014 by Long Nguyen and Alen Nguyen.. MainStem has raised $8 million across 4 funding rounds from investors including Merida Capital Partners and Poseidon Asset Management. MainStem offers products and services including Procurement Platform. MainStem operates in a competitive market with competitors including TREEZ, Meadow Care, Roshi, IndicaOnline and Leaf Logix, among others.
- Headquarter Seattle, United States
- Founders Long Nguyen, Alen Nguyen
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Mainstem, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$8 M (USD)
in 4 rounds
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Latest Funding Round
$325 K (USD), Series C
Sep 08, 2023
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Investors
Merida Capital Partners
& 1 more
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Employee Count
Employee Count
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Products & Services of MainStem
MainStem offers a comprehensive portfolio of products and services, including Procurement Platform. 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.
B2B platform for cannabis supply chain management and procurement
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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 Total Funding
- Total Rounds 4
- Last Round Series C — $325,000
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First Round
First Round
(22 May 2018)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2023 | Amount | Series C - MainStem | Valuation |
investors |
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| Sep, 2021 | Amount | Series C - MainStem | Valuation |
investors |
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| Dec, 2018 | Amount | Series B - MainStem | Valuation |
investors |
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| 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 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. 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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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 |
| 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 MainStem
| 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 - MainStem
| 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 |
Mainstem Comparisons
Competitors of MainStem
MainStem 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 TREEZ, Meadow Care, Roshi, IndicaOnline and Leaf Logix, 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 |
Enterprise software is provided for cannabis dispensary management.
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| domain | founded_year | HQ Location |
POS software for cannabis dispensary management is provided.
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| domain | founded_year | HQ Location |
Web-based supply chain management solutions are provided for cannabis industries.
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| domain | founded_year | HQ Location |
Provides POS, inventory, delivery, and compliance tools for cannabis retail operations.
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| domain | founded_year | HQ Location |
Provider of cannabis dispensary POS software
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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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Latest news on Mainstem
Frequently Asked Questions about MainStem
When was MainStem founded?
MainStem was founded in 2014 and raised its 1st funding round 4 years after it was founded.
Where is MainStem located?
MainStem is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
Who is the current CEO of MainStem?
Alen Nguyen is the current CEO of MainStem. They have also founded this company.
Is MainStem a funded 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 $500K, raised on May 22, 2018.
What does MainStem do?
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.
Who are the top competitors of MainStem?
MainStem's top competitors include TREEZ, Meadow Care and Roshi.
What products or services does MainStem offer?
MainStem offers Procurement Platform.
Who are MainStem's investors?
MainStem has 2 investors. Key investors include Merida Capital Partners, and Poseidon Asset Management.