Participated · Series B · Jun 2018

Xtraction Services is a Florida-based cannabis extractor machinery company founded by Archytas Ventures. The company designs and supplies extraction equipment for the cannabis industry. It sits in Archytas Ventures’ portfolio alongside Halo Labs and Grow Now Capital Solutions. Financially, Xtraction completed an oversubscribed Series C in November that raised roughly $3.0 million. In June it also closed an oversubscribed Series B that raised $2.8 million. The recent round attracted new global investors from Australia, Hong Kong, Canada and Germany and was led by Archytas Ventures. Xtraction Services (XS) designs and supplies fully automated, industrial-scale CO2 supercritical extraction machines, lab devices, and best-in-industry service to a global network of cannabis and hemp manufacturers. Its proprietary equipment was developed by Dwayne Dundore, Ph.D., a thermal dynamics engineer who has built supercritical installations for clients including the Department of Defense and DARPA. XS positions its machines and processes as reducing waste and improving production yields for vape and consumable companies producing oils and extracts. The company offers turn-key extraction solutions and provides in-house financing to customers to lower barriers to equipment acquisition. With investor support it is able to stock inventory and deploy on-demand equipment with no wait time. XS is a portfolio company of Archytas Ventures and serves customers across the fastest-growing sector of the cannabis industry. Xtraction Services designs and supplies automated CO2 extraction machines created specifically for the cannabis industry. Its machines, designed by thermal dynamics engineer Dr. Dwayne Dundore, can be configured to extract up to 3,000 lbs. of feedstock daily. The company pairs equipment with trained professionals who oversee, manage, and operate the entire extraction process. XS launched a first-of-its-kind "Extraction–as-a-Service" offering, providing on-site staffing at no upfront cost. Following its funding, the company significantly expanded machine production to meet demand for rapid scale-up.