Tuesday, April 7, 2015

Privateer Holdings Hits $75M In Funding Round

Seattle-based Privateer Holdings, the Founders Fund-backed private equity firm which is looking to invest in legal cannabis startups, has close its $75M, Series B funding round, the company said today. The company said it has now raised $82M in total fundraising. Privateer Holdings, which is led by Brendan Kennedy, said the funds came from ultra-high net worth individuals, family offices and institutional investors. The company said the funds go to expand its existing brands to new geographies, make strategic acquisitions, and launch new ventures.