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Developed by tech entrepreneurs and former cannabis company operators, BLAZE makes tech simple with an easy-to-use frontend powered by an enterprise backend for dispensaries, delivery services, distributors, and cultivators.
FREMONT, CA: BLAZE, the fast-growing, industry-leading enterprise resource planning and point of sale platform for legal cannabis closed its Series A funding round at $8 million. Delta Emerald Ventures led the round with participation from returning investor Act One Ventures and new investor SOJE Capital.
The new funding will help BLAZE expand, scale, and build out its product, sales, and marketing efforts while entering new and emerging states with legal cannabis markets. The company will continue to refine and improve its industry-leading software suite that allows for seamless operations from seed to sale, including recently launched payments processing technology BLAZE Pay. BLAZE is experiencing rapid growth, facilitating over $1 billion in annualized GMV with over 300 operators across ten states now using the platform.
"We're thrilled to have such a great group of investors to help grow our platform and company to the next level," says Co-Founder and CEO Chris Violas. "Cannabis technology has reached an exciting tipping point, and BLAZE is poised to tackle all aspects of the supply chain."
With the new investment, Delta Emerald adds to its growing portfolio of companies. The firm will use its expertise in the industry to help BLAZE build on its growing reputation for delivering simple and effective operational software across cannabis production and sales.
Act One previously led BLAZE's Seed round in 2019 and maintains high conviction in the team and company as a returning investor. The firm will continue to help BLAZE grow with its experience and network in compliance and vertical SaaS.
"When we met BLAZE in 2019, we knew there was something special about the team and product," says Alejandro Guerrero, general partner at Act One. "We always look for founders who have dynamic experience in their field and a true understanding of the problems and potential solutions, and BLAZE hits all the marks. Blaze built a superior product that touches every corner of legal cannabis and has the industry's strongest compliance controls. We are excited for Chris and the rest of the BLAZE team and look forward to continuing the journey."