About MJ Platform
MJ Platform is a Healthcare company based in Denver (United States) founded in 2010, and was acquired by POSaBIT in January 2023. Provider of solutions and consulting services to manage cannabis supply chain. MJ Platform has raised $21.46 million across 4 funding rounds from investors including POSaBIT, Batu Capital and Entourage Effect Capital. Its website mjplatform.com draws about 11 thousand monthly visits. MJ Platform offers products and services including Cultivation Software, Manufacturing Software, Distribution Software, Retail Software, and Delivery Software. Its focus areas include HealthTech, Cannabis HealthTech, Cannabis Business IT and Dispensary Management. Its legal entity is MJ FREEWAY, LLC. Its competitors include Flourish Cannabis Software and New World Packaging; 1 of its 2 listed competitors has raised funding.
Company details
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.
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.
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.
Apps and channels of MJ Platform
its YouTube channel MJ Freeway has 1.71K subscribers and 10 videos.
Videos from MJ Platform
The most watched videos on MJ Platform's YouTube channel, MJ Freeway (1.71K subscribers). Click a video to play it here.
More on MJ Freeway.
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 $21.46M
- Total Rounds 4
- Last Round Series C — $10M
- Investors Count 4
All 4 funding rounds of MJ Platform with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2018 | $10M | Series C | – | Batu Capital | |
| Jun 2017 | $3.44M | Series B | – | Tao Capital Partners | |
| Dec 2015 | $8.03M | Series B | – | Tao Capital Partners | |
| Jan 2015 | Series A | – | Tao Capital Partners | – |
5 investors in total: 4 institutional and 1 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment firm focused on cannabis industry growth and leadership. | 2014 | entourageeffectcapital.com | ||
Venture capital firm focused on multiple sectors | taocap.com | Marlborough, United States | ||
Batu Capital is a single family office focused on investing in late-stage startups. | 2018 | batucap.com | New York, United States | |
RB Roger B McNamee | American investor, co-founder of Elevation Partners, early Facebook investor | unknown_d7e5ed2ec18244fca | ||
POS software and hardware are provided for cannabis retailers. | 2015 | posabit.com | Seattle, United States |
Investor details for MJ Platform
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of MJ Platform
4 dated milestones of MJ Platform across 13 years, from founding to its latest funding, stage changes and deals.
- Founded MJ Platform is founded.
- Funding First funding round.
- Funding Latest funding round, Series C, of $10.0M.
- Exit Acquired by POSaBIT.
Competitors of MJ Platform
MJ Platform has 2 listed competitors in our database, 1 of them funded. They include Flourish Cannabis Software and New World Packaging.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| flourishsoftware.com | 2017 | Atlanta, United States | $2.35M | Cloud-based software platform for cannabis dispensaries and brands is provided. | ||
| newworldpackaging.com | 2018 | Laguna Hills, United States | Provides custom packaging, printing, and supply chain for cannabis products. |
Detailed competitors of MJ Platform
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Web traffic of MJ Platform
The website of MJ Platform (mjplatform.com) receives about 11K visits a month.
- Monthly visits11K
▼ 40.9% vs previous month
Websites whose visitors overlap most with MJ Platform. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| restoredispensaries.com | 100% | 680.7K | #193,847 | View details | |
| getfluent.com | 89% | 413.6K | #81,099 | View details |
Top companies in Cannabis Health Tech Ecosystem
3 companies that operate in the same segment as MJ Platform (Cannabis Health Tech Ecosystem) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online marketplace platform for cannabis traders | 2015 | New York, New York, United States | USD 195.4 M | |||
Loyalty and marketing solutions for cannabis dispensaries are provided. | 2012 | West Palm Beach, Florida, United States | USD 25.79 M | USD 22.83 M | ||
An online marketplace for cannabis products is operated. | 2017 | Bend, Oregon, United States | USD 603 M | 469 |
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Related news about Mj Platform
Complete news archive for MJ Platform
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Frequently Asked Questions about MJ Platform
MJ Platform was founded in 2010 and raised its 1st funding round 5 years after it was founded.
MJ Platform is headquartered in Denver, United States. It is registered at Denver, Colorado, United States.
MJ Platform is a funded company, having raised a total of $21.46M across 4 funding rounds to date.
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.
MJ Platform's top competitors include Flourish Cannabis Software and New World Packaging.
MJ Platform offers Cultivation Software, Manufacturing Software, Distribution Software, Retail Software, and 2 more products and services.
MJ Platform has 5 investors. Key investors include POSaBIT, Batu Capital, Entourage Effect Capital, Tao Capital Partners, and Roger B McNamee.
MJ Platform operates through Mj Freeway, Llc.
Yes. MJ Platform was acquired by POSaBIT in January 2023.