Phyto Partners Closes on $14 Million for 2nd Cannabis Venture Capital Fund

Funding Rounds

▤ Summary

“The level of interest to invest in the cannabis industry has never been this high,” said Larry Schnurmacher, Phytos founder and Managing Partner.Phytos funding along with its strategic value add has enabled Marijuana Doctor to move forward with plans to open clinics statewide providing much needed medical education and care to patients throughout Florida.Phyto Partners has helped us accelerate our expansion efforts and solidify our hold on patient market share in the sunshine state.Kyle Sherman, founder and CEO of Flowhub said, “Phyto has been incredibly helpful and we’re proud to count them as investors.Phyto has made investments in many recognized industry leaders, such as Baker Technologies , Würk and New Frontier Data .

$ Funding

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Amount $14.0M Total raised
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Date June 22, 2018 Announcement date
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Investors Phyto Partners Lead investors
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Company - Funded company

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