Photo by Uriel Sinai/Getty Images
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Vangst, considered to be one of the cannabis industry’s leading hiring platforms, today announced the completion of its $19 million Series B financing.
The round was led by Level One Fund, with participation from previous investors including Lerer Hippeau, Colle Capital, Casa Verde Capital, Phyto Partners, and new investors including L2 Ventures, Althea, Delta Emerald Ventures, Achari VC and others.
Vangst’s latest round of financing highlights the company’s growth over the last three years alongside the maturing cannabis industry. In the past 12 months, the sector reported a 25% increase in full-time employees and currently employs over 400,000 individuals.
Vangst currently works with 1,200 cannabis businesses, including Green Thumb Industries, Dutchie and Holistic Industries.
The Vangst platform streamlines the hiring process by matching both full-time employees as well as vetted, credentialed, W2, on-demand GIG workers, with cannabis businesses across the U.S. As the first and only gig platform in cannabis, Vangst has filled over 150,000 part-time gigs since launching the product in 2018.
“Cannabis is an undeniably large and fast-growing market, and Vangst is the only company offering scalable recruitment solutions tailored for the industry’s unique needs,” said James Stewart, Managing Partner at Level One Fund.
“Few, if any industries, share the constant state…
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Photo by Uriel Sinai/Getty Images
Getty Images
Vangst, considered to be one of the cannabis industry’s leading hiring platforms, today announced the completion of its $19 million Series B financing.
The round was led by Level One Fund, with participation from previous investors including Lerer Hippeau, Colle Capital, Casa Verde Capital, Phyto Partners, and new investors including L2 Ventures, Althea, Delta Emerald Ventures, Achari VC and others.
Vangst’s latest round of financing highlights the company’s growth over the last three years alongside the maturing cannabis industry. In the past 12 months, the sector reported a 25% increase in full-time employees and currently employs over 400,000 individuals.
Vangst currently works with 1,200 cannabis businesses, including Green Thumb Industries, Dutchie and Holistic Industries.
The Vangst platform streamlines the hiring process by matching both full-time employees as well as vetted, credentialed, W2, on-demand GIG workers, with cannabis businesses across the U.S. As the first and only gig platform in cannabis, Vangst has filled over 150,000 part-time gigs since launching the product in 2018.
“Cannabis is an undeniably large and fast-growing market, and Vangst is the only company offering scalable recruitment solutions tailored for the industry’s unique needs,” said James Stewart, Managing Partner at Level One Fund.
“Few, if any industries, share the constant state…
