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Venture Capital
33-capital.com

Investments

6

Portfolio Exits

2

About 33 Capital

33 Capital consists of a group of global financial services businesses specializing in startup advisory and principal investments. The firm provides capital, expertise and support to portfolio companies to reach their full potential and create possibilities.

Headquarters Location

DUO Tower, 3 Fraser Street 5th Floor

189352,

Singapore

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Latest 33 Capital News

Highway 33 Capital Transacts The First Arizona Rural Adult Use Cannabis License

Dec 14, 2021

Highway 33 Capital Transacts The First Arizona Rural Adult Use Cannabis License MIAMI, Dec. 14, 2021 /PRNewswire/ -- In April the Arizona Department of Health Services awarded 13 new Adult Use cannabis retail licenses across eight rural counties. Author: MIAMI, Dec. 14, 2021 /PRNewswire/ -- In April the Arizona Department of Health Services awarded 13 new Adult Use cannabis retail licenses across eight rural counties. Cannabis operator John Yasso of 101010 Management was one of over 400 applicants granted a license. Last week in a transaction facilitated by Highway 33 Capital Advisory the license was sold to Dr. Phil Wall a successful Arizona-based entrepreneur. "The significance of this acquisition," according to Highway 33 Partner Vincent Dipas, "is that being the first to be sold, this transaction establishes a benchmark for these rural cannabis retail licenses." Because there were no comparable transactions, the points of comparison used to establish a benchmark for the negotiations were legacy vertical licenses as well as lease rates for the offsite component of existing vertical licenses. With the consent of the parties and the assistance of the experienced legal counsel Highway recommended, the parties went directly to a purchase agreement. Highway 33 Capital was chosen by John Yasso and Dr. Wall to help structure the negotiation based on the firm's experience in Arizona's cannabis market over the past four years and their ability to attract new qualified buyers. Timing from Highway 33 Capital's introduction of buyer to seller to a signed purchase agreement was approximately two months. Timing from signed purchase agreement to deal close was a matter of just five weeks. " Arizona assets and licenses are in high demand," said Dipas. "Many sellers believe they don't need to work with a banking advisory firm like Highway 33 Capital. Our strength was to bring a qualified buyer who could close the deal, which he did in record time." The firm is now working with Dr. Wall to source debt for his cultivation build out as well as working with Mr. Yasso to sell other assets his group owns in Michigan and Illinois. For further information contact David Hofer, Highway 33 Managing Partner, at 1.800.684.9238 ext. 700, or 325878@email4pr.com About Highway 33 Capital AdvisoryWith offices in Miami, Denver, Detroit and San Francisco is a professional advisory firm for Mergers and Acquisitions, buy-side/sell-side agreements, capital formation, value creation, growth and pre-IPO strategies for investors seeking vetted companies in highly regulated markets that as well as cannabis include: biotech, pharma, healthtech, CBD Hemp, and ancillary technologies. View original content: https://www.prnewswire.com/news-releases/highway-33-capital-transacts-the-first-arizona-rural-adult-use-cannabis-license-301444066.html

33 Capital Investments

6 Investments

33 Capital has made 6 investments. Their latest investment was in Evo as part of their Seed VC - III on January 05, 2023.

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33 Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/5/2023

Seed VC - III

Evo

$2M

Yes

2

1/19/2022

Series B

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$99M

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10

3/12/2020

Series B - II

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$99M

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10

7/23/2018

Series B

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$99M

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10

11/7/2017

Series A

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$99M

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10

Date

1/5/2023

1/19/2022

3/12/2020

7/23/2018

11/7/2017

Round

Seed VC - III

Series B

Series B - II

Series B

Series A

Company

Evo

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Amount

$2M

$99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

2

10

10

10

10

33 Capital Portfolio Exits

2 Portfolio Exits

33 Capital has 2 portfolio exits. Their latest portfolio exit was ShopBack on March 10, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

3/10/2021

Acquired

$99M

Acquirer

8/4/2020

Acquired

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$99M

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10

Date

3/10/2021

8/4/2020

Exit

Acquired

Acquired

Companies

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Valuation

$99M

$99M

Acquirer

Acquirer

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Sources

10

33 Capital Team

1 Team Member

33 Capital has 1 team member, including current Founder, David Z Wang.

Name

Work History

Title

Status

David Z Wang

JL Capital, and Morgan Stanley

Founder

Current

Name

David Z Wang

Work History

JL Capital, and Morgan Stanley

Title

Founder

Status

Current

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