San Francisco-based startup Eaze has raised a funding of $10 million in series A round led by DCM Ventures with participation from Fresh VC, 500 Startups, and other strategic investors. Eaze is a startup that enables medical marijuana patients to order cannabis products online and have those goodies delivered to their homes.
These funds are followed by the initial funding of $1.5 million raised in seed round last year, and will be used to expand in new locations and markets, as reported by TechCrunch.
The unconventional business model of Eaze has raised several eyebrows as it is providing cannabis on a click, a substance which is considered a taboo. Although on a positive note they’re helping to facilitate the legal purchase of cannabis products, by connecting medical marijuana patients in California with local dispensaries that offer delivery in as little as 10 minutes to one hour.
However, Eaze does not provide the delivery infrastructure to the consumers. The app registers the order and sends it to a local dispensary which delivers the goods to the end consumer.Category Startups