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Key people at AFI Capital Partners.
AFI Capital Partners was founded in 2018 by Nico Richardson (Co-Founder and Managing Director) and Chi-Chien Hou (Co-Founder & Managing Director).
AFI Capital Partners operates as a growth equity fund, concentrating its investments exclusively within the rapidly expanding cannabis industry. The firm specifically targets early and growth-stage companies, focusing on ancillary businesses that support and service this emerging sector. They deploy capital into state-licensed operations and companies across the cannabis value chain, seeking to back ventures poised for significant market penetration.
Nico Richardson serves as a managing director for AFI Capital Partners, a key leader involved in the firm's strategic investment decisions. The firm's establishment stemmed from an understanding of the substantial opportunities presented by the burgeoning cannabis market. This insight drives their approach to identifying and funding companies capable of meeting evolving consumer demands and establishing strong operational foundations.
The firm's focus extends to businesses demonstrating operational excellence and a clear ability to address specific consumer needs within the cannabis ecosystem. AFI Capital Partners aims to partner with portfolio companies that can capture significant market share in competitive environments. Their long-term vision centers on fostering the development and success of enterprises that contribute to the overall growth and maturation of the legal cannabis industry.
Key people at AFI Capital Partners.
AFI Capital Partners was founded in 2018 by Nico Richardson (Co-Founder and Managing Director) and Chi-Chien Hou (Co-Founder & Managing Director).
AFI Capital Partners has 6 tracked investments across 6 companies. The latest tracked deal is $9.0M Series B in Mr. Moxey's Mints in July 2023.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jul 17, 2023 | Mr. Moxey's Mints | $9.0M Series B | Greenaxs Capital, Tiby Erdely | Entourage Effect Capital |
| Oct 4, 2022 | Biopharmaceutical Research Company | $20.0M Series A | Howard Goodwin | Achari Ventures, Argonautic Ventures, Delta Emerald Ventures, Self Health America |
| Apr 2, 2021 | Sweet Flower | $15.0M Series A | AFI Capital Partners | — |
| Sep 16, 2019 | Front Range Biosciences | $8.5M Other Equity | — | Arcadian Capital Management, Halley Venture Partners, Harvard Business School Alumni Angels OF NEW York, Militello Capital, NEW York Angels, Phyto Partners, Salveo Capital, Sand Hill Angels, Vikas Desai |
| Jun 12, 2019 | Willow Industries | $2.0M Other Equity | AFI Capital Partners, Vikas Desai | Flatiron Venture Partners, Halley Venture Partners |
| Sep 11, 2018 | Treez | $11.5M Series A | Jerry Stahlecker | Arcadian Capital Management, ARC Angel Fund, Salveo Capital, Welcan Capital |