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‘Uber For Weed’ Startup Eaze Raises $10 Million In Funding Led By DCM Ventures

Discussion in 'Uber Drivers Forum' started by Dreamer, Apr 14, 2015.

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  1. Dreamer

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    Staff Member

    Jan 19, 2015
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    There’s an Uber for everything nowadays, so why not an Uber for weed?

    Eaze, a startup that enables medical marijuana patients to order cannabis products online and have those goodies delivered to their homes, today is announcing $10 million in Series A round funding led by DCM Ventures with participation from Fresh VC, 500 Startups, and other strategic investors.

    The new funds come on top of $1.5 million in seed funding the company had raised last year. The cash will be used to help the company expand availability of its platform into new markets beyond just the San Francisco Bay Area, where it was founded.

    Launched last summer, Eaze is looking to take advantage of a few different trends. The first is just an acceptance that marijuana use — whether for recreational of medicinal purposes — is here to stay, and is likely to become more pervasive as more states legalize and/or decriminalize cannabis use.

    The second trend is the move to make everything on demand — i.e. to make any product available to be ordered via web or mobile app, and to have it delivered within a short period of time, usually an hour or less.
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