About MassRoots
MassRoots is a company based in Denver (United States) founded in 2013. MassRoots has raised $775 thousand across 15 funding rounds from investors including Chicago Venture Partners, Steve Markowitz and Delavaco Group. The company has 143 employees as of December 31, 2023. MassRoots has completed 5 acquisitions, including COWA Science, CannaRegs and Cowascience.org. MassRoots operates in a competitive market with competitors including Weedmaps, Who is Happy, HighThere, The Weedtube and DMT World, among others.
- Headquarter Denver, United States
- Employees 143 as on 31 Dec, 2023
- Stage Public
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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
$6.96 K (USD)-71as on Dec 31, 2020
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Net Profit
-$14.71 M (USD)57as on Dec 31, 2020
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EBITDA
-$1.16 M (USD)66as on Dec 31, 2020
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Total Equity Funding
$775 K (USD)
in 15 rounds
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Latest Funding Round
$645 K (USD), Post-IPO
Sep 13, 2019
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Investors
Chicago Venture Partners
& 4 more
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Employee Count
143
as on Dec 31, 2023
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Investments & Acquisitions
COWA Science
& 4 more
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People of MassRoots
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Funding Insights of MassRoots
MassRoots has successfully raised a total of $775K across 15 strategic funding rounds. The most recent funding activity was a Post-IPO round of $645 thousand completed in September 2019. 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.
Investors in MassRoots
MassRoots has secured backing from 5 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Chicago Venture Partners, Steve Markowitz and Delavaco Group.
| Investor | Description | Founded Year | Domain | Location |
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Private equity investments are directed toward US companies.
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Delavaco Group is engaged in private equity and corporate restructuring.
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Investor details for MassRoots
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Investments & Acquisitions by MassRoots
MassRoots has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include COWA Science, CannaRegs and Cowascience.org.
Investment portfolio details for MassRoots
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- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Supply chain management services are provided by COWA Science.
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Enterprise software solutions for the cannabis industry are provided.
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Information on cannabis strains, products, and dispensaries is provided online.
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Locked | Locked | 2015 | Locked |
Complete acquisition details for MassRoots
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Financial Statements - MassRoots
Detailed financials for MassRoots
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Massroots Comparisons
Peer comparison for MassRoots
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Competitors of MassRoots
MassRoots 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 Weedmaps, Who is Happy, HighThere, The Weedtube and DMT World, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Online community platform for medical marijuana patients
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Operates an app-based community platform for cannabis enthusiasts.
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Social network for cannabis enthusiasts
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Operates a social networking platform dedicated to cannabis enthusiasts.
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Online platform for psychedelics education, community building, and positive change initiatives.
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Detailed competitors of MassRoots
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Latest news on Massroots
Complete news archive for MassRoots
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Frequently Asked Questions about MassRoots
MassRoots was founded in 2013.
MassRoots is headquartered in Denver, United States. It is registered at Denver, Colorado, United States.
MassRoots is a funded company, having raised a total of $775K across 15 funding rounds to date.
As of Dec 31, 2023, the latest employee count at MassRoots is 143.
Annual revenue of MassRoots is $6.96K as on Dec 31, 2020.
MassRoots was founded in 2013 in Denver, United States, as a digital platform in the cannabis sector. Users are linked with peers for sharing experiences, while connections to local dispensaries are facilitated. Content on marijuana strains, products, and news updates is provided. The application is accessible on both iOS and Android devices for community engagement.
MassRoots has made 5 acquisitions, including COWA Science, CannaRegs, and Cowascience.org.
MassRoots has 5 investors. Key investors include Chicago Venture Partners, Steve Markowitz, Delavaco Group, The Arcview Group, and Altar Rock Capital.