About Terrace Global
Terrace Global is a company based in Toronto (Canada) founded in 2018 by Michael Galego, Francisco Ortiz, and Stephen Arbib was acquired by Flowr in October 2020.. Terrace Global operates in a competitive market with competitors including ZYUS Life Sciences, Sanity Group, Terraflos, Avicanna and Little Green Pharma, among others.
- Headquarter Toronto, Canada
- Founders Michael Galego, Francisco Ortiz, Stephen Arbib
- Stage Public
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Sectors
Healthcare
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Email
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Phone
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Website
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Funding Insights of Terrace Global
- Total Funding Total Funding
- Total Rounds 1
- Last Round Post-IPO — $15.0M
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First Round
First Round
(21 Aug 2020)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Aug, 2020 | Amount | Post-IPO - Terrace Global | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
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Investors in Terrace Global
Terrace Global has secured backing from 2 investors. Prominent investors backing the company include Flowr and Goldman Venture. 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 products are supplied in the Canadian market.
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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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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Terrace Global
| 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 |
Financial Statements - Terrace Global
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
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Terrace Global Comparisons
Competitors of Terrace Global
Terrace Global 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 ZYUS Life Sciences, Sanity Group, Terraflos, Avicanna and Little Green Pharma, 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 |
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| domain | founded_year | HQ Location |
Cannabis-derived therapeutics for multiple indications are developed.
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Developer of cannabinoid-based pharmaceuticals and well-being products
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Medical cannabis products are provided based on GMP processes.
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| domain | founded_year | HQ Location |
Plant-derived cannabinoid products are developed for medical and consumer uses.
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Manufacturer of medicinal cannabis for therapeutic use
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Developer of medical cannabis products
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| 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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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Terrace Global
Frequently Asked Questions about Terrace Global
When was Terrace Global founded?
Terrace Global was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is Terrace Global located?
Terrace Global is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Who is the current CEO of Terrace Global?
Michael Galego is the current CEO of Terrace Global. They have also founded this company.
What does Terrace Global do?
Terrace Global was founded in 2018 and is headquartered in Toronto, Canada. Operations in the cannabis sector involve the development and acquisition of international assets. Recreational and medical cannabis products are produced through these efforts. The company maintains a focus on expanding its global footprint in the industry, with activities centered on asset integration and product innovation.
Who are the top competitors of Terrace Global?
Terrace Global's top competitors include Avicanna, ZYUS Life Sciences and Neocannbio.
Who are Terrace Global's investors?
Terrace Global has 2 investors. Key investors include Flowr, and Goldman Venture.