About Scythian Biosciences
Scythian Biosciences is a company based in Toronto (Canada) founded in 2005.. Scythian Biosciences has raised $428.05 thousand across 5 funding rounds from investors including Aphria. Scythian Biosciences has completed 1 acquisition, including MMJ.
- Headquarter Toronto, Canada
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Phone
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Website
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Funding Insights of Scythian Biosciences
Scythian Biosciences has successfully raised a total of $428.05K across 5 strategic funding rounds. The most recent funding activity was a Post-IPO round of $22.85 million completed in February 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 5
- Last Round Post-IPO — $22.9M
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First Round
First Round
(01 Aug 2014)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2018 | Amount | Post-IPO - Scythian Biosciences | Valuation |
investors |
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| Feb, 2016 | Amount | Seed - Scythian Biosciences | Valuation |
investors |
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| Dec, 2014 | Amount | Seed - Scythian Biosciences | Valuation |
investors |
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| 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 |
Investors in Scythian Biosciences
Scythian Biosciences has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Aphria. 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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Cannabis-derived nutritional and wellness products are provided by Aphria.
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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 Scythian Biosciences
Scythian Biosciences has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include MMJ. 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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Plant-derived cannabinoid therapeutics are developed for medical applications.
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2015 |
| 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 - Scythian Biosciences
| 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 |
Scythian Biosciences Comparisons
Competitors of Scythian Biosciences
| 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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Frequently Asked Questions about Scythian Biosciences
When was Scythian Biosciences founded?
Scythian Biosciences was founded in 2005 and raised its 1st funding round 9 years after it was founded.
Where is Scythian Biosciences located?
Scythian Biosciences is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Who is the current CEO of Scythian Biosciences?
Brady Cobb is the current CEO of Scythian Biosciences.
Is Scythian Biosciences a funded company?
Scythian Biosciences is a funded company, having raised a total of $428.05K across 5 funding rounds to date. The company's 1st funding round was a Seed of $291.36K, raised on Aug 01, 2014.
What does Scythian Biosciences do?
Scythian Biosciences was founded in 2005 in Toronto, Canada, within the herbal medicine sector. Operations center on a blog that examines kratoms applications and properties, accessible via scythianbio.com. Content is produced to inform on herbal uses, with no additional services specified. Leadership is held by CEO Brady Cobb, overseeing digital content dissemination in the alternative medicine field.
How many acquisitions has Scythian Biosciences made?
Scythian Biosciences has made 1 acquisition, including MMJ.
Who are Scythian Biosciences's investors?
Scythian Biosciences has 1 investor. Key investors include Aphria.