About Mile High Labs
Mile High Labs is a company based in Loveland (United States) founded in 2016. It operates as a Direct-to-Consumer (D2C), and Reseller / Distribution. Mile High Labs has raised $60.5 million across 3 funding rounds from investors including John Paul DeJoria. Mile High Labs has completed 1 acquisition, including Sandoz. Mile High Labs offers products and services including Water Soluble Liquid CBD Isolate, CBD Isolate Gummies, and Broad Spectrum CBD Distillate. Mile High Labs operates in a competitive market with competitors including Diversey, Reliance Steel & Aluminum, Diamond Wipes, HatchCollective and Hollander, among others.
- Headquarter Loveland, United States
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Sectors
Industrial Goods & Manufacturing
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Email
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Phone
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Website
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Social
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- Legal Name Mile High Labs 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
$60.5 M (USD)
in 3 rounds
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Latest Funding Round
$25.5 M (USD), Series C
Dec 22, 2023
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Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Mile High Labs
Mile High Labs offers a comprehensive portfolio of products and services, including Water Soluble Liquid CBD Isolate, CBD Isolate Gummies, and Broad Spectrum CBD Distillate. 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.
Water-soluble CBD isolate liquid is offered for versatility.
CBD isolate gummies are provided as consumable products.
Broad spectrum CBD distillate is manufactured for applications.
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Funding Insights of Mile High Labs
Mile High Labs has successfully raised a total of $60.5M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $25.5 million completed in December 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 3
- Last Round Series C — $25.5M
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First Round
First Round
(11 Oct 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2023 | Amount | Series C - Mile High Labs | Valuation |
investors |
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| Aug, 2020 | Amount | Series B - Mile High Labs | Valuation | John Paul DeJoria |
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| Oct, 2018 | Amount | Series A - Mile High Labs | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Mile High Labs
Mile High Labs has secured backing from 1 investor, including angel investors. Prominent investors backing the company include John Paul DeJoria. 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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JP
John Paul DeJoria |
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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 Mile High Labs
Mile High Labs has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Sandoz. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Generic and biosimilar pharmaceuticals are developed and distributed globally.
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1886 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Mile High Labs
| 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 |
Mile High Labs Comparisons
Competitors of Mile High Labs
Mile High Labs 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 Diversey, Reliance Steel & Aluminum, Diamond Wipes, HatchCollective and Hollander, 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 |
Water treatment and hygiene solutions are provided for various industries.
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| domain | founded_year | HQ Location |
Contract manufacturer of chemical, automotive, aircraft, and other products
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| domain | founded_year | HQ Location |
Contract manufacturing of wipes is conducted for various clients.
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| domain | founded_year | HQ Location |
Multi-category beauty care products are offered by HatchCollective.
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| domain | founded_year | HQ Location |
Home decor products are manufactured on a contract basis.
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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 Mile High Labs
Frequently Asked Questions about Mile High Labs
When was Mile High Labs founded?
Mile High Labs was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is Mile High Labs located?
Mile High Labs is headquartered in Loveland, United States. It is registered at Loveland, Colorado, United States.
Is Mile High Labs a funded company?
Mile High Labs is a funded company, having raised a total of $60.5M across 3 funding rounds to date. The company's 1st funding round was a Series A of $35M, raised on Oct 11, 2018.
What does Mile High Labs do?
Mile High Labs is established as a prominent manufacturer of hemp-derived CBD ingredients, specializing in water-soluble cannabinoids and finished goods. Operations span across food, beverage, cosmetics, and pharmaceutical sectors, with a focus on compliance with global regulations. Solutions are provided for custom formulations, commercial manufacturing, and international logistics. The company is trusted by over 5,000 businesses in 47 countries, with facilities in the US and UK to support growth and distribution.
Who are the top competitors of Mile High Labs?
Mile High Labs's top competitors include Diversey, Reliance Steel & Aluminum and Diamond Wipes.
What products or services does Mile High Labs offer?
Mile High Labs offers Water Soluble Liquid CBD Isolate, CBD Isolate Gummies, and Broad Spectrum CBD Distillate.
How many acquisitions has Mile High Labs made?
Mile High Labs has made 1 acquisition, including Sandoz.
Who are Mile High Labs's investors?
Mile High Labs has 1 investor. Key investors include John Paul DeJoria.
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