Flow Cannabis Co. Funding, Investors & Competitors

Flow Cannabis Co. has raised $176M across 7 funding rounds, most recently a $125M Series B in February 2019.

Last Flow Cannabis Co. funding round

$125M

Series B · Feb 2019

Cumulative funding Flow Cannabis Co. raised

$176M

across 7 funding rounds

Key investors in Flow Cannabis Co.

  • Poseidon Asset Management
  • Gotham Green Partners
  • Roger McNamee
  • Salveo Capital
  • Jon Slimak

Flow Cannabis Co. Overview

About Flow Cannabis Co.

Flow Cannabis Co. is a Mendocino County-headquartered cannabis firm in California's Emerald Triangle. Launched in 2015 with the Flow Kana flower brand as its top seller, it distributes leading consumer packaged goods alongside processing, co-packing, manufacturing, white-labeling, and supply chain services to sustainability-focused partners.


Founded

2014

HQ

United StatesSan Francisco, CA

Status

Privately held

Customer focus

B2B

Revenue model

Product sales, Services

Flow Cannabis Co. Funding History

Flow Cannabis Co. has raised a total of $176M across 7 funding rounds.

Flow Cannabis Co.'s first fundraising round was a $300K pre-seed round in February 2014. The most recent completed round was a $125M Series B in February 2019.

Flow Cannabis Co. funding rounds

Flow Cannabis Co. funding rounds
DateStageInvestorsRaisedDeal Summary
Feb 2019Series BGotham Green Partners (lead)$125MFlow Cannabis Co., operating as Flow Kana, is a cannabis company focused on sustainable agricultural models structured around decentralized small farms, promoting adoption in the industry. On February 14, 2019, it raised $125 million in a Series B round led by Gotham Green Partners, marking the largest private funding round for a cannabis company in the United States at that time, with undisclosed co-investors. This brought total funding to approximately $147.26 million across four rounds, following a Series A and seed rounds with partial prior valuations like $63.9M in July 2018. Gotham Green Partners, a New York-based private equity firm, holds Flow Kana's biggest equity stake and participated in multiple rounds including Series A and B. The company has raised varying totals reported as up to $175 million cumulatively from Gotham Green, emphasizing their significant involvement. Flow Kana operated with four investors total, including Roger McNamee, Salveo Capital, and Poseidon Asset Management, positioning it among early movers in the cannabis sector amid challenges like federal illegality limiting traditional financing. The funding supported expansion in sustainable cannabis production and small-farm networks in California.
Jul 2018Series AGotham Green Partners (lead); Roger McNamee; Salveo Capital; Poseidon Asset Management$22M-
Dec 2017SeedJon Slimak (lead)$12M-
Jun 2017Seed-$12M-
Dec 2016Seed-$4M-
Dec 2015Pre-seedRoger McNamee$200K-
Feb 2014Pre-seedPoseidon Asset Management$300K-

Who has invested in Flow Cannabis Co.?

5 investors have backed Flow Cannabis Co. across its funding rounds, including Poseidon Asset Management, Gotham Green Partners, Roger McNamee, Salveo Capital and Jon Slimak.

Lead investors include Gotham Green Partners and Jon Slimak.


Flow Cannabis Co. Investors

Investors in Flow Cannabis Co. by funding rounds participated
InvestorHQRoundsRoleFirst check
Roger McNameeUnited StatesSan Francisco, CA2ParticipantDec 2015
Gotham Green PartnersUnited StatesLos Angeles, CA2LeadJul 2018
Poseidon Asset ManagementUnited StatesSan Francisco, CA2ParticipantFeb 2014

This data is available for Pro users. Sign up to see all 5 Flow Cannabis Co. investors.

Start Free Trial

Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.

Start Free Trial

Investments by Flow Cannabis Co.

Flow Cannabis Co. has invested in 1 company to date.

Latest investment by Flow Cannabis Co. was on November 14th 2019. Flow Cannabis Co. invested in Kikoko in their $8M Series A round.


Latest Investments by Flow Cannabis Co.

Kikoko
Description
Kikoko is a San Francisco-based wellness brand producing organic cannabis-infused herbal teas. Blends address sleep with Hot Flash PM, mood via Happy Tea, pain relief through Get Well, intimacy with Love Potion, and daily Calm. Formulated with CBD, THC microdoses, and botanicals like chamomile and ginger, products ship nationwide where legal. Founded in 2016, Kikoko sources from California farms and tests for purity under state standards.
HQ CountryUnited States
HQ City
San Francisco, CA
Deal Date14 Nov 2019
RoundSeries A
Raised$8M
InvestorsBengal Capital
Valuationundisclosed
EV/Revenue
EV/EBITDA

This data is available for Pro users. Sign up to see all Flow Cannabis Co. investments and their VC round multiples.

Start Free Trial

Flow Cannabis Co. Competitors

Flow Cannabis Co. competitors include listed companies like Curaleaf, Trulieve Cannabis and Green Thumb Industries, and private ones like Dutchie, Accelerant and PAX Labs.

Public and private companies comparable to Flow Cannabis Co.
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
DutchieUnited StatesBend, ORPrivate$45M-$3.8B83.3x
CuraleafUnited StatesUnited StatesPublicly listed$1.3B$238M$2.7B2.7x
AccelerantUnited StatesBaltimore, MDPrivate$913M$282M$2.4B2.6x
Trulieve CannabisUnited StatesUnited StatesPublicly listed$1.2B$314M$2.2B2.4x
PAX LabsUnited StatesSan Francisco, CAPrivate$113M-$1.7B15.0x
Green Thumb IndustriesUnited StatesUnited StatesPublicly listed$1.2B$469M$1.6B1.6x

Flow Cannabis Co. Public Comps

Flow Cannabis Co. is still privately-owned, but its public comps include Curaleaf, Trulieve Cannabis, Green Thumb Industries, Cronos Group, Glass House Brands, Vireo Growth, Tilray Brands, Verano Holdings, Canopy Growth and SNDL.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Curaleaf$1.3B$238M2.8x2.7x14.9x12.6x
Trulieve Cannabis$1.2B$314M2.1x2.4x7.9x6.7x
Green Thumb Industries$1.2B$469M1.6x1.6x4.0x5.9x
Cronos Group$147M($43M)3.3x2.6x(11.3x)20.3x
Glass House Brands$182M$6M4.9x4.6x162.4x36.6x
Vireo Growth$269M$12M3.7x1.6x81.7x7.4x
Tilray Brands$915M$3M0.8x0.7x218.8x10.7x
Verano Holdings$822M$24M1.0x1.0x36.4x4.0x

This data is available for Pro users. Sign up to see all Flow Cannabis Co. competitors and their valuation data.

Start Free Trial

Common questions about Flow Cannabis Co.

When was Flow Cannabis Co. founded?Flow Cannabis Co. was founded in 2014.
Where is Flow Cannabis Co. headquartered?Flow Cannabis Co. is headquartered in San Francisco, CA, United States.
Is Flow Cannabis Co. publicly listed?No, Flow Cannabis Co. is a private, VC-backed company.
How much funding has Flow Cannabis Co. raised?Flow Cannabis Co. has raised $176M across 7 funding rounds.
What was Flow Cannabis Co.'s last funding round?Flow Cannabis Co.'s last funding round was a $125M Series B in February 2019, led by Gotham Green Partners.
Who are Flow Cannabis Co.'s investors?Flow Cannabis Co.'s investors include Roger McNamee, Gotham Green Partners, Poseidon Asset Management, Jon Slimak and Salveo Capital.
Which companies are comparable to Flow Cannabis Co.?Companies comparable to Flow Cannabis Co. include Dutchie, Curaleaf, Accelerant, Trulieve Cannabis, PAX Labs and Green Thumb Industries.
How many companies has Flow Cannabis Co. invested in?Flow Cannabis Co. has invested in 1 company, including Kikoko.
What was Flow Cannabis Co.'s last investment?In November 2019, Flow Cannabis Co. invested in Kikoko's $8M Series A alongside Bengal Capital.

See companies similar to Flow Cannabis Co.

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial