In this post from Inc.com, Maya Kosoff reports that an Uber-for-weed startup, Eaze, has raised $10 million, with Snoop Dogg among the investors in the marijuana-delivery app’s latest funding round.
Eaze, a marijuana-delivery startup, has raised $10 million from investors including DCM Ventures, 500 Startups, Fresh VC, and Snoop Dogg’s Casa Verde Capital.
Eaze is an on-demand marijuana-delivery startup that works by connecting California’s medical-marijuana patients with local dispensaries.
It raised a $1.5 million round in November and says it can provide delivery within 10 minutes.
The on-demand trend was made popular by Uber. Press a button, and you can have anything at your doorstep in a few minutes. The business model has yielded a few billion-dollar startups, including the grocery-delivery service Instacart.
Founded by Keith McCarty, an early Yammer employee, Eaze is one of several startups in the booming marijuana category as investors scramble to get into deals just ahead of the drug’s potential legalization. Recently Alaska, Washington, DC, Colorado, and Washington state have all passed laws legalizing recreational marijuana.
Earlier, Privateer Holdings raised a $75 million round to fund marijuana startups–the biggest private funding in the legal weed business to date. More than half a dozen startups are now providing marijuana-delivery services, including Dave, Canary, Meadow, Grassp, and Nestdrop.
Though there isn’t a timeline, McCarthy tells Quartz the company plans to expand to areas of the Bay Area, offering its services to people wherever recreational and medical marijuana are legalized. The company will hire 50 employees over the next 50 days.