LeafLink is a New York-based provider of a wholesale cannabis B2B technology platform that enables thousands of brands, distributors, and retailers to manage operations, create, manage, pay for, and ship orders. Its marketplace currently processes approximately $5 billion in annual transactions. The company offers marketplace and operational tools spanning ordering, payments, and logistics, and intends to use new capital to expand its suite of offerings. LeafLink raised $100M in Series D funding, to be funded in two tranches. The business is also evolving its executive leadership effective February 1, 2023, with co-founder Ryan G. Smith moving to Executive Chairman and Artie Minson appointed President & CEO. Karan Gupta has joined as Chief Technology Officer while co-founder Zach Silverman will transition to a Senior Advisor role. LeafLink operates in the cannabis wholesale market. The company raised $40M from Founders Fund and other investors to cultivate its cannabis wholesale market. That announcement appears amid 2020 trends that accelerated cannabis e-commerce and digital payments, as dispensaries were often classified as essential during the pandemic. TechCrunch notes legal cannabis sales reached nearly $20 billion in the past year and are expected to top $40 billion within the next four years, highlighting market expansion. The coverage frames the funding as part of broader investment and enterprise‑level technology adoption across the cannabis industry. LeafLink Financial is a digital cannabis supply-chain financing solution launched by LeafLink to address banking and liquidity challenges for licensed cannabis operators. The platform enables brands and distributors to assign invoices for upfront payments, broadly extend net terms, receive payment via ACH, and digitally reconcile invoices; retailers gain centralized accounts payable, net terms, digital invoice dispute resolution and cash-flow management tools. LeafLink developed the product with a focus on compliance and scalability across legal cannabis markets and processes roughly $2.8 billion in orders annually—about 30% of wholesale transactions on LeafLink’s marketplace. The service is marketed as the industry’s first “liquidity as a service” offering, providing on-demand funds to licensed businesses to support supply-chain growth and stability. Leadership for the unit includes Doug Gordon, appointed Executive Vice President and Head of LeafLink Financial, who has experience providing loans and lines of credit via partnerships with banks, B2B vendors and online platforms. LeafLink operates an e-commerce wholesale marketplace that connects more than 1,200 licensed cannabis brands to over 3,500 cannabis retailers and provides vendors with order management, CRM, inventory tracking, and customized reporting. The company charges a $299 minimum monthly subscription for its software, positioning it as a vertical-SaaS startup in the cannabis industry. LeafLink says it has facilitated more than $1 billion in annualized orders and has grown to more than 65 employees. It launched in Colorado in 2016 (with Zoots as its first brand) and is now described as a New York company. LeafLink is expanding its LeafLink Financial unit — a payments and credit management solution that is live in four U.S. states — to address banking challenges in the cannabis market. The company plans to use new capital to speed its expansion roadmap, improve technology, and undertake a major recruiting effort in its New York and Los Angeles offices. LeafLink is an NYC-based online commerce platform that connects cannabis brands and dispensaries. Led by CEO Ryan Smith and CTO Zach Silverman, the company facilitates transactions between brands and retailers. Since 2016 it has handled $186M in transactions and works with 400 brands and 1,700 retailers. The platform is live in five states: Arizona, Colorado, Nevada, Oregon and Washington. LeafLink intends to use new funding to expand into California and to launch in additional states, timed ahead of California's recreational sales rollout.

Total raised

$439M

Funding rounds

7

Latest round

Series D

Latest activity

Feb 2023