Jane Technologies provides backend e-commerce platforms and tools (including its Jane Roots product) that enable dispensaries to sell cannabis online. The company positions itself as a Shopify-like provider for cannabis retailers rather than a destination marketplace. It reports accounting for 20% of all legal cannabis sales in the United States and has grown its retail footprint from 1,000 dispensaries in 2019 to 2,100 in 2021, including partnerships in Canada. In 2019 Jane saw $100M in total transactional volume with one million people on the platform and forecasts $3.5B in transactional volume for 2021. Its product database has expanded from 350,000 to 700,000 items. Jane plans to use new capital to grow its digital footprint, expand teams across operations, and build new features and products for both large and small cannabis operations. Jane Technologies is a Santa Cruz, Calif.–based retail technology company that created iheartjane.com, an online cannabis marketplace. The platform lists more than 150,000 products with real-time integration into point-of-sale systems and lets users browse local products, compare by price, proximity or popularity, and place orders at local stores for free. The company is led by founder and CEO Socrates Rosenfeld and is partnered with more than 700 stores across 21 states. Jane plans to use recent funding to continue advancing its e-commerce platform, expand its online marketplace to international vendors, bolster its data analytics platform, and deliver its data to other industries. Financially, the company raised $21M in a Series B and previously announced a $6M Series A in October 2018. Jane Technologies is a retail tech company behind iheartjane.com, an online marketplace for the cannabis industry. The site lets users browse local products in real time, compare by price, proximity, or popularity, and place orders at local stores for free. The platform maintains a large real-time inventory catalog with more than 70,000 products and features real-time integration into existing point-of-sale systems. The marketplace has expanded to nearly 500 dispensaries across 19 states. The company intends to use the funds to bring dispensaries technological advances and data analytics and to optimize the shopping experience for consumers. Jane is based in Santa Cruz, California.

Total raised

$127M

Funding rounds

3

Latest round

Series C

Latest activity

Aug 2021