Nabis, the leading wholesale platform for licensed cannabis commerce, has secured $23.0 million in new investment capital. This funding round underscores investor confidence in the company's established position and its integrated solution for the rapidly evolving cannabis market.
Founded in 2018 by serial tech entrepreneurs and backed by Y Combinator, Nabis has grown to become the #1 wholesale platform, powering over $1 billion annually in licensed cannabis commerce across the U.S. The company provides an essential infrastructure that enables thousands of nationwide brand and retailer partners to innovate, launch, and scale strategically within the regulated cannabis industry.
Nabis's comprehensive wholesale solution includes a best-in-class online marketplace, state-of-the-art multi-channel fulfillment, payment processing, flexible financing, data analytics, and sales and marketing services. This integrated approach delivers the predictability cannabis operators require to grow their businesses effectively. The company has been recognized on Inc. 5000’s list of Fastest Growing Private Companies in America, Fast Company’s 50 Most Innovative Companies in America, and Deloitte’s Technology Fast 500.
The newly raised capital will be deployed to further expand Nabis's operational capabilities and market reach. This investment is expected to support the company's ongoing efforts to enhance its technology platform and scale its services to meet increasing demand from both brands and retailers.
Looking ahead, Nabis plans to continue its trajectory of growth, reinforcing its role as a critical enabler for the cannabis industry. The company aims to solidify its leadership position by consistently providing the tools and infrastructure necessary for its partners to thrive in a complex regulatory environment.
