About MJ Platform
MJ Platform is a company based in Denver (United States) founded in 2010 was acquired by POSaBIT in January 2023.. MJ Platform has raised $21.46 million across 4 funding rounds from investors including POSaBIT, Batu Capital and Entourage Effect Capital. MJ Platform offers products and services including Cultivation Software, Manufacturing Software, Distribution Software, Retail Software, and Delivery Software. MJ Platform operates in a competitive market with competitors including Flourish Cannabis Software and New World Packaging, among others.
- Headquarter Denver, United States
-
Sectors
Healthcare
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Mj Freeway, Llc
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
Products & Services of MJ Platform
MJ Platform offers a comprehensive portfolio of products and services, including Cultivation Software, Manufacturing Software, Distribution Software, Retail Software, and Delivery Software. 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.
Tracks plant genetics and yields for cannabis cultivation management.
Manages suppliers and workflows in cannabis product manufacturing.
Monitors sales and inventory for cannabis distribution networks.
Handles sales and loyalty programs for cannabis retail operations.
Optimizes routes and tracks inventory for cannabis deliveries.
Provides insights for business decisions in cannabis operations.
Funding Insights of MJ Platform
MJ Platform has successfully raised a total of $21.46M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $10 million completed in September 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 4
- Last Round Series C — $10.0M
- First Round First Round
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2018 | Amount | Series C - MJ Platform | Valuation | Batu Capital | |
| Jun, 2017 | Amount | Series B - MJ Platform | Valuation | Tao Capital Partners | |
| Dec, 2015 | Amount | Series B - MJ Platform | Valuation | Tao Capital Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in MJ Platform
MJ Platform has secured backing from 5 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include POSaBIT, Batu Capital and Entourage Effect Capital. 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 |
|---|---|---|---|---|
|
Investment firm focused on cannabis industry growth and leadership.
|
Founded Year | Domain | Location | |
|
Venture capital firm focused on multiple sectors
|
Founded Year | Domain | Location | |
|
Batu Capital is a single family office focused on investing in late-stage startups.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by MJ Platform
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - MJ Platform
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mj Platform Comparisons
Competitors of MJ Platform
MJ Platform 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 Flourish Cannabis Software and New World Packaging, 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 |
Cloud-based software platform for cannabis dispensaries and brands is provided.
|
|
| domain | founded_year | HQ Location |
Provides custom packaging, printing, and supply chain for cannabis products.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Mj Platform
Frequently Asked Questions about MJ Platform
When was MJ Platform founded?
MJ Platform was founded in 2010 and raised its 1st funding round 5 years after it was founded.
Where is MJ Platform located?
MJ Platform is headquartered in Denver, United States. It is registered at Denver, Colorado, United States.
Is MJ Platform a funded company?
MJ Platform is a funded company, having raised a total of $21.46M across 4 funding rounds to date. The company's 1st funding round was a Series B of $8.03M, raised on Jan 26, 2015.
What does MJ Platform do?
MJ Platform is a provider of solutions and consulting services to cannabis to manage the cannabis supply chain. The company provides enterprise resource planning (ERP) software to streamline operations in the cannabis supply chain. It provides solutions for managing cultivation, manufacturing, distribution, retail, and delivery of cannabis products. It also provides consulting services for obtaining a license, build, set up, open, operate, and scale a successful cannabis business.
Who are the top competitors of MJ Platform?
MJ Platform's top competitors include Flourish Cannabis Software and New World Packaging.
What products or services does MJ Platform offer?
MJ Platform offers Cultivation Software, Manufacturing Software, Distribution Software, Retail Software, and 2 more products and services.
Who are MJ Platform's investors?
MJ Platform has 5 investors. Key investors include POSaBIT, Batu Capital, Entourage Effect Capital, Tao Capital Partners, and Roger B McNamee.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.