Jane Technologies Valuation, Funding & Investors

Jane Technologies is valued at $592M as of August 2021.

Last Jane Technologies valuation

$592M

Series C · Aug 2021

Last Jane Technologies funding round

$100M

Series C · Aug 2021

Cumulative funding Jane Technologies raised

$127M

across 3 funding rounds

Key investors in Jane Technologies

  • Delta Emerald Ventures
  • Jonathan Keidan
  • Gotham Green Partners
  • Third Point Ventures
  • What If Ventures
  • Andrew Vigneault

Jane Technologies Overview

About Jane Technologies

Jane Technologies is a United States software company based in Santa Cruz, California that serves the regulated cannabis retail market. The company provides ecommerce tools that connect dispensaries with consumers browsing products and placing orders online. Its broader software offering includes point-of-sale technology, digital payments, kiosks, media tools and consumer rewards capabilities. Jane introduced its point-of-sale platform in 2023 as an extension of its existing retail software ecosystem. The company’s Jane Gold service enables participating brands to fund consumer rewards through the dispensary network. Its business model supports independent retailers and cannabis brands rather than replacing them with a single centrally owned retail chain. Jane serves businesses across multiple regulated markets and operates the consumer-facing iheartjane.com marketplace alongside its retailer technology products.


Founded

2015

HQ

United StatesSanta Cruz, CA

Status

Privately held

Customer focus

B2B

Revenue model

Commission

Valuation

$592M (Aug 2021)

Jane Technologies Valuation

Jane Technologies is currently valued at $592M, based on its Series C in August 2021.

The $100M round was led by Honor Ventures, with participation from Delta Emerald Ventures, Andrew Vigneault, Gotham Green Partners, Jonathan Keidan, What If Ventures and 3 other investors.

Jane Technologies' valuation has grown 16x from $38M at its Series A in November 2018 to $592M in August 2021, across 2 priced rounds.

Jane Technologies valuation by funding round

Jane Technologies valuation by funding round
DateStageValuation
Aug 2021Series C$592M
Nov 2018Series A$38M

Jane Technologies Funding History

Jane Technologies has raised a total of $127M across 3 funding rounds.

Jane Technologies' first fundraising round was a $6M Series A in November 2018. The most recent completed round was a $100M Series C in August 2021.

Jane Technologies funding rounds

Jane Technologies funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Aug 2021Series CHonor Ventures (lead); Delta Emerald Ventures; Andrew Vigneault; Gotham Green Partners; Jonathan Keidan; What If Ventures; Artemis Growth Partners; L2 Ventures; Third Point Ventures$100M$592MJane Technologies is a cannabis industry e-commerce provider that operates the first and largest online cannabis marketplace, offering dispensaries real-time POS integration, inventory optimization, headless e-commerce solutions, retail and market analytics, and curated brand content. Brands access digital merchandising, direct-to-consumer e-commerce, and consumer insights, while consumers get live menus, verified reviews, and product locator tools. Partners include multi-state operators like Green Thumb Industries, Columbia Care, Jushi Holdings, Cresco, and brands such as Kiva, Lowell Herb Co., Papa & Barkley, and WYLD across 36 U.S. states and Canada. On August 25, 2021, Jane Technologies closed a $100 million Series C funding round led by Honor Ventures, with participation from Third Point Ventures, Gotham Green Partners, L2 Ventures, Delta Emerald Ventures, and Artemis Growth Partners, bringing total capital raised to approximately $130 million. The post-money valuation was $591.78 million, with a price per share of $5.09 and 19,639,880 shares outstanding. Funds will expand digital footprint, grow teams, enhance software, introduce new technologies, and build features for large and small cannabis operations. At the time, Jane powered over 25 million orders and $3 billion in cannabis sales through 2,100+ dispensaries and 300+ brand partners, with 700,000 products listed, up from 350,000. In 2019, it processed $100 million in transactional volume with 1,000 dispensaries and one million users; 2021 forecasts projected $3.5 billion in total transactional volume. The platform handles 20% of U.S. legal cannabis transactions. Jane launched Jane Roots, an all-in-one e-commerce platform, and partnered with Canadian retailer High Tide.
Jul 2019Series BNick Deans (lead); Delta Emerald Ventures; Gotham Green Partners; Jonathan Keidan$21M-Jane Technologies, Inc. is a retail software company operating iheartjane, the largest online cannabis marketplace, enabling real-time shopping, price comparison, and ordering from local dispensaries with point-of-sale integration. Founded in 2015 and based in Santa Cruz, California, it partners with over 700 vendors across 21 states as of July 2019. On July 16, 2019, the company secured $21 million in Series B funding led by Nick Deans of Pakala Jane Partners, with participation from Delta Emerald Ventures and Gotham Green Partners. The funding follows a $6 million Series A in October 2018 and aims to expand the online marketplace to international vendors, enhance data analytics, extend data services to other industries, and advance the e-commerce platform covering over 150,000 products. Investors highlighted Jane's support for major retail clients, promotion of local businesses via larger cart sizes and low transaction costs, and potential for omnichannel data across industries. CEO Socrates Rosenfeld emphasized localizing online sales for dispensaries, brands, and consumers through automation amid competition from multinational retailers.
Nov 2018Series ADelta Emerald Ventures (lead); Alexander Saint-Amand; Studio Management; Central Coast Angels$6M$38MJane Technologies is a cannabis industry e-commerce platform providing an online marketplace for consumers to browse local products, compare prices, and place orders at dispensaries. The company partners with retailers on a performance basis, charging a fee per completed order. Jane Technologies raised $8.22 million in its Series A round on October 31, 2018, at a post-money valuation of $37.83 million, with key investors including Delta Emerald Ventures among others. Sources also reference a $6 million Series A around November 1, 2018, led by investors matching the query including Delta Emerald Ventures, Central Coast Angels, Alexander Saint-Amand, and Studio Management. The funds supported expansion of technology, data analytics, and shopping experience improvements. At the time, Jane served over 700 stores across 21 U.S. states legalizing marijuana, powering online sales that averaged $206 monthly spend per shopper versus $122 in brick-and-mortar.

Who has invested in Jane Technologies?

13 investors have backed Jane Technologies across its funding rounds, including Delta Emerald Ventures, Jonathan Keidan, Gotham Green Partners, Third Point Ventures, What If Ventures and Andrew Vigneault.

Lead investors include Honor Ventures, Nick Deans and Delta Emerald Ventures.


Jane Technologies Investors

Investors in Jane Technologies by funding rounds participated
InvestorHQRoundsRoleFirst check
Delta Emerald VenturesUnited StatesNew York City, NY3LeadNov 2018
Gotham Green PartnersUnited StatesLos Angeles, CA2ParticipantJul 2019
Jonathan KeidanUnited StatesUnited States2ParticipantJul 2019
Alexander Saint-AmandUnited StatesNew York City, NY1ParticipantNov 2018
Honor VenturesUnited StatesSan Francisco, CA1LeadAug 2021
Studio ManagementUnited StatesNew York City, NY1ParticipantNov 2018
Andrew VigneaultUnited StatesNew York City, NY1ParticipantAug 2021
Nick Deans--1LeadJul 2019
Central Coast AngelsUnited StatesSanta Cruz, CA1ParticipantNov 2018
What If VenturesUnited StatesDallas, TX1ParticipantAug 2021
Artemis Growth PartnersUnited KingdomLondon1ParticipantAug 2021

This data is available for Pro users. Sign up to see all 13 Jane Technologies 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

Jane Technologies Competitors

Jane Technologies competitors include listed companies like Vireo Growth, Tilray Brands, Glass House Brands and Verano Holdings, and private ones like HungryPanda and LeafLink.

Public and private companies comparable to Jane Technologies
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Vireo GrowthUnited StatesUnited StatesPublicly listed$269M$12M$616M1.6x
Tilray BrandsUnited StatesUnited StatesPublicly listed$915M$3M$553M0.7x
HungryPandaUnited KingdomLondonPrivate--$500M-
Glass House BrandsUnited StatesUnited StatesPublicly listed$182M$6M$750M4.6x
LeafLinkUnited StatesNew York City, NYPrivate$6M-$760M126.7x
Verano HoldingsCanadaCanadaPublicly listed$822M$24M$441M1.0x

Jane Technologies Public Comps

Jane Technologies is still privately-owned, but its public comps include Hypoport, Maoyan Entertainment, Nerdwallet, Cars.com, Vireo Growth, DIP, Tilray Brands, VNG Corp., eDreams ODIGEO and Hemnet.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Hypoport$694M$78M0.8x0.8x6.9x6.8x
Maoyan Entertainment$691M$124M0.1x0.1x0.7x1.0x
Nerdwallet$837M$112M0.6x0.6x4.7x3.6x
Cars.com$723M$157M1.4x1.4x6.5x4.8x
Vireo Growth$269M$12M3.7x1.6x81.7x7.4x
DIP$353M$85M1.5x1.5x6.1x7.4x
Tilray Brands$915M$3M0.8x0.7x218.8x10.7x
VNG Corp.$420M$23M1.4x-25.5x-

This data is available for Pro users. Sign up to see all Jane Technologies competitors and their valuation data.

Start Free Trial

Common questions about Jane Technologies

When was Jane Technologies founded?Jane Technologies was founded in 2015.
Where is Jane Technologies headquartered?Jane Technologies is headquartered in Santa Cruz, CA, United States.
Is Jane Technologies publicly listed?No, Jane Technologies is a private, VC-backed company.
What is Jane Technologies' valuation?Jane Technologies was last valued at $592M in its Series C in August 2021.
How much funding has Jane Technologies raised?Jane Technologies has raised $127M across 3 funding rounds.
What was Jane Technologies' last funding round?Jane Technologies' last funding round was a $100M Series C in August 2021, led by Honor Ventures.
Who are Jane Technologies' investors?Jane Technologies' investors include Delta Emerald Ventures, Gotham Green Partners, Jonathan Keidan, Alexander Saint-Amand, Honor Ventures, Studio Management, Andrew Vigneault, Nick Deans, Central Coast Angels, What If Ventures and 3 others.
Which companies are comparable to Jane Technologies?Companies comparable to Jane Technologies include Vireo Growth, Tilray Brands, HungryPanda, Glass House Brands, LeafLink and Verano Holdings.

See companies similar to Jane Technologies

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