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Privateer Holdings

privateerholdings.com

Founded Year

2011

Stage

Merger | Merged

Total Raised

$240M

About Privateer Holdings

Privateer Holdings is a private equity firm in the cannabis industry.

Headquarters Location

1920 Eastlake Avenue E

Seattle, Washington, 98102,

United States

206-432-9325

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Research containing Privateer Holdings

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Privateer Holdings in 1 CB Insights research brief, most recently on Mar 2, 2020.

Expert Collections containing Privateer Holdings

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Privateer Holdings is included in 1 Expert Collection, including Cannabis.

C

Cannabis

3,834 items

These companies participate in - or service businesses that participate in - the legal cannabis industry. Our definition of cannabis includes both marijuana and hemp (and all derivatives). The collection includes both "plant-touching" and "non-plant-touching" businesses.

Privateer Holdings Patents

Privateer Holdings has filed 2 patents.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

5/16/2011

8/28/2012

Promotion and marketing communications, Supply chain management, Product management, Communication design, Data management

Grant

Application Date

5/16/2011

Grant Date

8/28/2012

Title

Related Topics

Promotion and marketing communications, Supply chain management, Product management, Communication design, Data management

Status

Grant

Latest Privateer Holdings News

Cannabis marketplace Leafly closes SPAC merger deal and will go public on Monday

Feb 4, 2022

Cannabis marketplace Leafly closes SPAC merger deal and will go public on Monday February 4, 2022 at 2:38 pm Share (Leafly Image) Nearly six months after announcing plans to go public via a SPAC merger, Seattle-based online cannabis marketplace  Leafly has sealed the deal and will begin trading on the Nasdaq on Monday. Leafly is merging with Merida Merger Corp., a special purpose acquisition company sponsored by Merida Capital Holdings. Merida has adopted the Leafly name, according to a Friday news release , and the common stock will trade under the ticker symbol LFLY. In August, the proposed combined company was listed at an enterprise valuation of $385 million. Founded in 2010, Leafly’s online marketplace lets customers shop and select cannabis products from licensed retailers. The startup also serves as  an educational resource,  and its platform has more than 125 million annual visitors. Leafly CEO Yoko Miyashita said in a statement that becoming a public company was an important milestone for company. “Backed by substantial funding, tremendous advancements in cannabis legalization and e-commerce tailwinds, we are relentlessly focused on investing in our technology, talent, and content to execute our growth strategy and create value for all stakeholders,” Miyashita said. Leafly CEO Yoko Miyashita. A former Getty Images executive, Miyashita was previously the company’s  general counsel  when she joined in 2019, and took over as CEO in August 2020. Leafly spun out of Seattle marijuana investment firm Privateer Holdings in 2019. The SPAC move comes at a time of increased turmoil in the market. The mergers had become a popular alternative to the traditional process for initial public offerings, paving a faster path to going public. But in the new year, stocks are tumbling and deals are being abandoned. “The SPAC bubble is bursting,” Chris Senyek, a senior equity research analyst at Wolfe Research, said in a CNBC report this week . “SPAC shares are extremely volatile due to their speculative nature.” Leafly, which employed around 160 people as of last summer, weathered some cuts in January 2020,  letting go of 18% of its staff , or 54 positions, which then-CEO  Tim Leslie  attributed to “market realities of the technology and cannabis sectors.” It  cut 91 more employees two months later , citing the uncertainties caused by the coronavirus pandemic. Leafly  raised $23 million  in new funding in June 2021 as the cannabis market saw an increase in sales as more states legalize pot and dispensaries were declared essential businesses during the COVID-19 pandemic. Leafly has raised $38 million to date. Leafly cited “significant acceleration” in its year-over-year revenue growth and gross margin, and a 40% increase in total ending retail accounts in the third quarter of 2021, according to the news release. Leafly’s revenue primarily comes from a monthly subscription fee paid by cannabis retailers to be listed on the platform and to access e-commerce tools. The company said more than 7,800 brands use its services. It also makes money from advertising. Writer and editor Kurt Schlosser covers the Geek Life beat for GeekWire. A longtime journalist, photographer and designer, he has worked previously for NBC News, msnbc.com and the Seattle P-I. Follow Kurt on Twitter or reach him at kurt@geekwire.com .

Privateer Holdings Frequently Asked Questions (FAQ)

  • When was Privateer Holdings founded?

    Privateer Holdings was founded in 2011.

  • Where is Privateer Holdings's headquarters?

    Privateer Holdings's headquarters is located at 1920 Eastlake Avenue E, Seattle.

  • What is Privateer Holdings's latest funding round?

    Privateer Holdings's latest funding round is Merger.

  • How much did Privateer Holdings raise?

    Privateer Holdings raised a total of $240M.

  • Who are the investors of Privateer Holdings?

    Investors of Privateer Holdings include Tilray Brands, Founders Fund and Altitude Investment Management.

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