Berlin-based cannabis and digital health startup Sanity Group has closed a $44.2 million Series A financing round led by Swiss VC Redalpine along with U.S.-based Navy Capital and SOJE Capital. In addition, Sanity Group has attracted celebrity angels including music producers will.i.am, Scooter Braun and actress Alyssa Milano. This appears to be the largest round of cannabis funding in Europe to date and brings total investment in Sanity Group to $73 million. Compared to the North American market, Europe is now where we were in the U.S. about four years ago. Previous investors include HV Capital, TQ Ventures, Atlantic Food Labs, Cherry Ventures, Bitburger Ventures and SevenVentures.
Berlin-based cannabis and digital health startup Sanity Group has closed a $44.2 million Series A financing round led by Swiss VC Redalpine along with U.S.-based Navy Capital and SOJE Capital. GMPVC also participated in the round. This appears to be the largest round of cannabis funding in Europe to date and brings total investment in Sanity Group to $73 million.
The new capital will be used to expand the Group’s medical division in Europe as well as an EU-GMP-compliant research and production facility near Frankfurt.
Previous investors include HV Capital, TQ Ventures, Atlantic Food Labs, Cherry Ventures, Bitburger Ventures and SevenVentures....
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