About Prelude
Prelude is a company based in New York (United States) founded in 2021 by Michael E Murphy. It operates as a SaaS (Software-as-a-Service) and Freemium. Prelude has raised $10.51 million across 3 funding rounds from investors including Rackhouse Venture Capital and Casa Verde. Prelude offers products and services including Cannabis Inventory Management Software and Dispensary AI. Prelude operates in a competitive market with competitors including Dispense, Flowhub, GreenSTOP, WebJoint and Growthsayer, among others.
- Headquarter New York, United States
- Founders Michael E Murphy
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Sectors
Healthcare
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Phone
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Website
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Social
Locked
- Legal Name Prelude Products Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$10.51 M (USD)
in 3 rounds
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Latest Funding Round
$5.2 M (USD), Seed
Nov 28, 2023
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Investors
Rackhouse Venture Capital
& 1 more
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Employee Count
Not available
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Products & Services of Prelude
Prelude offers a comprehensive portfolio of products and services, including Cannabis Inventory Management Software and Dispensary AI.
Inventory management for cannabis dispensaries is optimized efficiently.
AI-driven insights for dispensaries are provided for profitability.
Funding Insights of Prelude
Prelude has successfully raised a total of $10.51M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $5.2 million completed in November 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.
Investors in Prelude
Prelude has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Rackhouse Venture Capital and Casa Verde.
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Early-stage venture capital is provided by Rackhouse Venture Capital.
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Investment in cannabis industry startups is facilitated by Casa Verde.
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Investor details for Prelude
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Investments & Acquisitions by Prelude
Investment portfolio details for Prelude
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Financial Statements - Prelude
Detailed financials for Prelude
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Prelude Comparisons
Peer comparison for Prelude
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Competitors of Prelude
Prelude 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 Dispense, Flowhub, GreenSTOP, WebJoint and Growthsayer, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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A digital platform for cannabis dispensary management is provided.
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Provider of software suite solutions for cannabis stores
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Automated cannabis vending machines are developed for dispensaries.
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Cloud-based cannabis delivery platform is offered for dispensaries and brands.
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AI-based inventory management software is offered for cannabis dispensaries.
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Detailed competitors of Prelude
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Latest news on Prelude
Complete news archive for Prelude
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Frequently Asked Questions about Prelude
Prelude was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Prelude is headquartered in New York, United States. It is registered at New York, New York, United States.
Prelude is a funded company, having raised a total of $10.51M across 3 funding rounds to date.
Inventory optimization and AI-driven solutions for cannabis dispensaries are offered by Prelude. Operations in the cannabis sector are streamlined through automated purchase orders and demand forecasting. Challenges like overstocking and stock-outs are addressed with data-driven insights. Profitability is enhanced by reducing inventory costs and manual errors. Services cater to dispensary owners and buyers seeking efficiency. The focus is on increasing gross margins while minimizing operational overheads.
Prelude offers Cannabis Inventory Management Software and Dispensary AI.
Prelude has 2 investors. Key investors include Rackhouse Venture Capital, and Casa Verde.