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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