- GrowerIQ was founded to help cannabis companies simplify operations, stay compliant and leverage data to improve their bottom line
- Golden Section invests in early-stage B2B SaaS companies
- MaRS Investment Accelerator Fund backs seed-stage IT, health and cleantech companies
GrowerIQ, a Toronto-based cannabis enterprise resource planning (ERP) platform, has secured $2.3 million (C$3 million) in seed financing. Golden Section and MaRS Investment Accelerator Fund led the round, with participation from LAGO, Delbridge, GTM Fund and Gaingels.
Launched in 2020, GrowerIQ helps cannabis companies simplify operations, stay compliant and leverage data to improve their bottom line. The company’s ERP platform includes modules for cultivation, manufacturing, warehouse, CRM, orders and quality management. Today, it has customers in more than a dozen countries.
“This funding allows us to heavily invest in our tech and continue building the most comprehensive cannabis management platform on the market,” said GrowerIQ founder and CEO Andrew Wilson, in a statement. “We’re thrilled to have the support of such experienced investors as we grow our business and help more cannabis companies streamline their operations.”
Based in Houston, Golden Section invests in early-stage B2B SaaS companies.
Based in Toronto, MaRS Investment Accelerator Fund invests in seed-stage IT, health, and cleantech companies.