About Surterra
Surterra is a company based in Atlanta (United States) founded in 2014 by Wes Van Dyk. It operates as a Direct-to-Consumer (D2C), and Subscription Services. Surterra has raised $235.43 million across 5 funding rounds from investors including Ed Brown. The company has 1,492 employees as of December 31, 2022. Surterra has completed 2 acquisitions, including Molecular Infusions and NETA. Surterra offers products and services including Flower, Edibles, Vaporizers, Concentrates, and Topicals. Surterra operates in a competitive market with competitors including LeafLink, Confident Cannabis, Leaf Trade, Nabis and Trulieve, among others.
- Headquarter Atlanta, United States
- Employees 1492 as on 31 Dec, 2022
- Founders Wes Van Dyk
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Sectors
Agriculture
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Surterra Wellness
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$235.43 M (USD)
in 5 rounds
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Latest Funding Round
$100 M (USD), Series D
Jun 27, 2019
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Investors
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Employee Count
1492
as on Dec 31, 2022
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Investments & Acquisitions
Molecular Infusions
& 1 more
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Products & Services of Surterra
Surterra offers a comprehensive portfolio of products and services, including Flower, Edibles, Vaporizers, Concentrates, and Topicals. 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.
Cannabis flower is offered for medical use.
Edible cannabis products are provided for patients.
Vaporizer products are sold for cannabis consumption.
Concentrated cannabis extracts are available for purchase.
Topical cannabis products are offered for relief.
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Funding Insights of Surterra
Surterra has successfully raised a total of $235.43M across 5 strategic funding rounds. The most recent funding activity was a Series D round of $100 million completed in June 2019. 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 Series D — $100.0M
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First Round
First Round
(01 Jun 2014)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2019 | Amount | Series D - Surterra | Valuation | Ed Brown |
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| Oct, 2018 | Amount | Series C - Surterra | Valuation |
investors |
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| Jul, 2018 | Amount | Series C - Surterra | 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 Surterra
Surterra has secured backing from 1 investor, including angel investors. Prominent investors backing the company include Ed Brown. 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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EB
Ed Brown |
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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 Surterra
Surterra has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Molecular Infusions and NETA. 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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Cannabis-based therapeutics for multiple disorders are developed.
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2016 | ||||
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Cannabis wellness and recreational products are sold online.
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2013 |
| 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 - Surterra
| 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 |
Surterra Comparisons
Competitors of Surterra
Surterra 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 LeafLink, Confident Cannabis, Leaf Trade, Nabis and Trulieve, 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 |
Online marketplace platform for cannabis traders
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| domain | founded_year | HQ Location |
Online platform for cannabis producers
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| domain | founded_year | HQ Location |
Online marketplace connecting licensed cannabis vendors and dispensaries
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| domain | founded_year | HQ Location |
Cannabis products are distributed online to B2B retailers by Nabis.
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| domain | founded_year | HQ Location |
Provider of an online marketplace platform for cannabis products
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| domain | founded_year | HQ Location |
Integrated business for cultivation and processing of cannabis
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Latest news on Surterra
Frequently Asked Questions about Surterra
When was Surterra founded?
Surterra was founded in 2014.
Where is Surterra located?
Surterra is headquartered in Atlanta, United States. It is registered at Atlanta, Georgia, United States.
Is Surterra a funded company?
Surterra is a funded company, having raised a total of $235.43M across 5 funding rounds to date. The company's 1st funding round was a Series C of $65M, raised on Jun 01, 2014.
How many employees does Surterra have?
As of Dec 31, 2022, the latest employee count at Surterra is 1,492.
What does Surterra do?
Surterra is involved in the distribution of medical marijuana products across Florida, focusing on safe, high-quality cannabis solutions. The company operates dispensaries and offers a range of products including flower, edibles, vaporizers, concentrates, and topicals. Their operations are supported by a state-of-the-art facility ensuring no harmful chemicals are used in the growing process. Surterra serves the healthcare sector, specifically targeting patients seeking alternative treatments through cannabis-based solutions.
Who are the top competitors of Surterra?
Surterra's top competitors include LeafLink, Confident Cannabis and Leaf Trade.
What products or services does Surterra offer?
Surterra offers Flower, Edibles, Vaporizers, Concentrates, and Topicals.
How many acquisitions has Surterra made?
Surterra has made 2 acquisitions, including Molecular Infusions, and NETA.
Who are Surterra's investors?
Surterra has 1 investor. Key investors include Ed Brown.