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
- SectorsHealthcare
- Website prelude.pro
- Social LinkedIn
- Legal Name Prelude Products Inc.
- Total Equity Funding$10.51M (USD)
in 3 rounds
- Latest Funding Round$5.2M (USD), Seed
Nov 2023
- InvestorsRackhouse Venture Capital
& 1 more
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.
- Total Funding $10.51M
- Total Rounds 3
- Last Round Seed — $5.2M
- First Round $2.61M
(Jan 2022)
- Investors Count 2
All 3 funding rounds of Prelude 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 |
|---|---|---|---|---|---|
| Nov 2023 | $5.2M | Seed | – | Rackhouse Ventures, Casa Verde Capital | – |
| Sep 2023 | $2.7M | Seed | – | – | – |
| Jan 2022 | $2.61M | Seed | – | – | – |
2 investors in total: 2 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage venture capital is provided by Rackhouse Venture Capital. | – | rackhouse.vc | San Francisco, USA | |
Investment in cannabis industry startups is facilitated by Casa Verde. | 2021 | casaverdecapital.com | - |
Investor details for Prelude
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People of Prelude
1 people are tracked at Prelude (1 in leadership).
| Name | Role | Group |
|---|---|---|
Michael E Murphy | Co-Founder | Leadership |
Complete people profiles for Prelude
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Prelude
3 dated milestones of Prelude across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Prelude is founded.
- Funding First funding round of $2.6M.
- Funding Latest funding round, Seed, of $5.2M.
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 | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| dispenseapp.com | 2020 | Boston, United States | $2M | 15 | A digital platform for cannabis dispensary management is provided. | |
| flowhub.com | 2015 | Denver, United States | $52.85M | 54 | Provider of software suite solutions for cannabis stores | |
| greenstop.us | 2014 | Los Angeles, United States | $2.5M | – | Automated cannabis vending machines are developed for dispensaries. | |
| webjoint.com | 2014 | Los Angeles, United States | $1.5M | 8 | Cloud-based cannabis delivery platform is offered for dispensaries and brands. | |
| growthsayer.com | 2019 | San Diego, United States | $3.01M | – | AI-based inventory management software is offered for cannabis dispensaries. | |
| 420tech.net | 2015 | Allyn, United States | $200,000 | – | Provides comprehensive platforms to manage cannabis retail operations efficiently. | |
| getsalve.co | 2021 | Miami, United States | $500,000 | – | Unified platform for cannabis operations, compliance, and data is provided. |
Detailed competitors of Prelude
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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Verified entity values are shown only after access is granted.
Web traffic of Prelude
The website of Prelude (prelude.pro) receives about 2.1K visits a month.
- Monthly visits2.1K
▲ 22.8% vs previous month
Websites whose visitors overlap most with Prelude. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| blaze.me | 100% | 25.2K | #971,346 | View details | |
hybridmarketingco.com | hybridmarketingco.com | 97% | – | #3,706,058 | – |
| treez.io | 97% | 462.2K | #92,270 | View details | |
| getmeadow.com | 92% | 35.4K | #519,543 | View details |
Latest news on Prelude
Complete news archive for Prelude
Full article history, source details, and older brand coverage require an active premium plan.
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Similar companies to Prelude
10 companies that operate in the same segment as Prelude (Cannabis Health Tech Ecosystem), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cannabis products are provided to support consumer wellness and health. | 2013 | Smiths Falls, Ontario, Canada | – | USD 204.24 M | 960 | |
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 | – | 137 | |
Online platform for cannabis strains, reviews, and ratings | 2010 | Seattle, Washington, United States | USD 40.7 M | – | – | |
Provider of cannabis products, brands, and international business development investments | 2013 | Moncton, New Brunswick, Canada | – | USD 186.16 M | 898 | |
ERP software is offered via cloud platform for cannabis operations. | 2018 | Boston, Massachusetts, United States | – | USD 110.08 M | 313 | |
Online marketplace connecting licensed cannabis vendors and dispensaries | 2015 | Chicago, Illinois, United States | USD 22.57 M | – | – | |
Enterprise software is provided for cannabis dispensary management. | 2016 | Oakland, California, United States | USD 75.5 M | USD 148.97 K | 97 | |
Proprietary medical cannabis strains are developed and offered. | 2014 | Maryland Heights, Missouri, United States | USD 156 M | – | 557 |
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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. The company's 1st funding round was a Seed of $2.61M, raised on Jan 2022.
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.
Prelude operates through Prelude Products Inc..