Portland startups, open source, and tech news, jobs, and events #pdx
Cannabis has always been big in Oregon. Now, cannabis tech is showing it has similar potential. Like Bend startup — and definitely unicorn — Dutchie, which just raised $350 million, placing its current valuation in the $3.75 billion range.
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Sometimes funding rounds are put together to fund acquisitions. And that seems to be the case with Bend startup dutchie, which just announced a $200 million Series C and the acquisition of two partners. All of that equates to one thing. There’s a unicorn in Oregon with a valuation of $1.7 billion.
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Sorry. The headline just jumped to mind so I had to write this up really quickly. If only to take credit for the bad pun — but distinctly Oregon — headline. (And with all due respect to Dutch Bros.) Anyway… according to Techcrunch, Bend based and brother founded Dutchie just raised a Series A round for their ecommerce platform designed to serve cannabis dispensaries.
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Startups can always use more support. So it’s always nice to see new startup accelerators in Portland. And while I’ve written about the concept of The Initiative before, it’s now an actual thing with startups and stuff. Nine woman led cannabis companies, in fact.
[UPDATE] Unfortunately, an unforeseen travel conflict for the speaker is going to require Design Museum Portland to reschedule this event.
In the cannabis industry — where it often seems that 90% of the dispensaries have chosen green as their main color — the case for imbuing the industry with more creativity and design talent is a compelling one. Because, as we’ve seen before, enabling consumers to differentiate among brands in a increasingly crowded marketplace may be the difference between success and failure — especially for startups.