Article15 Cannabis E-Commerce Platform Dutchie was Named One of LinkedIn's Top 50 Startups of 2020
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By Jesse Betend
Cannabis e-commerce platform Dutchie was named one of LinkedIn's top 50 startups of 2020, one of a number of recent positive signs for the 3-year-old startup.
The company is fresh off a $35 million Series B round of funding in August, scoring investments from big names like former Starbucks CEO Howard Schultz, basketball star Kevin Durant’s Thirty-Five Ventures, and Snoop Dogg’s Casa Verde Capital.
Dispensaries pay Dutchie a subscription for access to software which powers their websites, manages orders, and tracks what needs to be picked up. After the coronavirus pandemic began, Dutchie says they saw a 700 percent increasein orders as dispensaries were forced to offer new or expanded online ordering and curbside pickup solutions.
Dutchie now serves over 1,300 businesses, a full 25 percent of dispensaries in North America, and the company recently announced it’s facilitated $2.4 billion in sales so far in 2020.
“We are a young company, but things are moving really fast,” Dutchie CEO Ross Lipson told Cheddar. “We’ve really set some lofty goals for ourselves and shared with investors and have been able to execute.
Lipson has also had success in a similar space. After dropping out of college, he co-founded and eventually sold one of the first online food ordering services in Canada.
With funding topping$52 million, Lisbon says he expects to double their team to over 200 employees in 2021.