About Metrc
Metrc is a company based in Lakeland (United States) founded in 2011.. Metrc has raised $50 million across 1 funding round from investors including Casa Verde and Tiger Global. The company has 124 employees as of December 31, 2020. Metrc offers products and services including Track and Trace Platform and RFID Technology. Metrc operates in a competitive market with competitors including Orange Photonics, Yofumo, Bloom Automation, Paragon Coin and StrainSecure, among others.
- Headquarter Lakeland, United States
- Employees 124 as on 31 Dec, 2020
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Sectors
HealthcareAgriculture
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Metrc Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$50 M (USD)
in 1 rounds
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Latest Funding Round
$50 M (USD), Series B
Oct 25, 2018
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Investors
Casa Verde
& 1 more
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Employee Count
124
as on Dec 31, 2020
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Products & Services of Metrc
Metrc offers a comprehensive portfolio of products and services, including Track and Trace Platform and RFID Technology. 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.
Platform for monitoring cannabis supply chain with RFID.
RFID tags and systems for product tracking and identification.
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Software Development Team
11 people
Leadership Team
9 people
Sales and Marketing
5 people
Finance and Accounting
3 people
Government Team
2 people
Human Resources and Administration
1 people
Business Team
1 people
Data Analysis and Operations Team
1 people
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Funding Insights of Metrc
Metrc has successfully raised a total of $50M through 1 strategic funding round. The most recent funding activity was a Series B round of $50 million completed in October 2018. 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 Series B — $50.0M
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First Round
First Round
(25 Oct 2018)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2018 | Amount | Series B - Metrc | Valuation | Casa Verde Capital , Tiger Global Management |
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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 Metrc
Metrc has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Casa Verde and Tiger Global. 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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Investment in cannabis industry startups is facilitated by Casa Verde.
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Founded Year | Domain | Location | |
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Venture and private equity investments are managed with global diversification.
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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 Metrc
| 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 - Metrc
| 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 |
Metrc Comparisons
Competitors of Metrc
Metrc 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 Orange Photonics, Yofumo, Bloom Automation, Paragon Coin and StrainSecure, 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 |
Analytical instrumentation is provided by Orange Photonics for potency testing.
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| domain | founded_year | HQ Location |
Automated storage units for cannabis post-harvest processes are offered.
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| domain | founded_year | HQ Location |
Automation solutions for cannabis cultivation processes are developed.
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| domain | founded_year | HQ Location |
Blockchain solutions for cannabis supply chain tracking are developed.
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| domain | founded_year | HQ Location |
Blockchain-based solutions for cannabis industry quality assurance are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Metrc
Frequently Asked Questions about Metrc
When was Metrc founded?
Metrc was founded in 2011 and raised its 1st funding round 7 years after it was founded.
Where is Metrc located?
Metrc is headquartered in Lakeland, United States. It is registered at Lakeland, Florida, United States.
Who is the current CEO of Metrc?
Jeff Well is the current CEO of Metrc.
Is Metrc a funded company?
Metrc is a funded company, having raised a total of $50M across 1 funding round to date. The company's 1st funding round was a Series B of $50M, raised on Oct 25, 2018.
How many employees does Metrc have?
As of Dec 31, 2020, the latest employee count at Metrc is 124.
What does Metrc do?
Metrc was founded in 2011 in Lakeland, United States, focusing on the cannabis sector. Traceability tools are supplied to monitor drug diversions per regulations. Real-time surveillance of cannabis items is enabled through RFID technology across inventories. Regulatory access to license and compliance data is facilitated. A database is compiled on cultivation, production, transportation, and sales, from which trends and benchmarks are derived for industry analysis.
Who are the top competitors of Metrc?
Metrc's top competitors include Orange Photonics, Yofumo and StrainSecure.
What products or services does Metrc offer?
Metrc offers Track and Trace Platform and RFID Technology.
Who are Metrc's investors?
Metrc has 2 investors. Key investors include Casa Verde, and Tiger Global.
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