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Alleaves is a Deerfield Beach, Florida-based software company that develops enterprise resource planning, point-of-sale, and seed-to-sale tracking platforms for the legal cannabis industry. The organization provides a business-to-business software-as-a-service solution that enables commercial cultivators, product manufacturers, and multi-state operators to manage inventory, process payments, and maintain strict regulatory compliance across various state jurisdictions. In July 2022, the enterprise secured $40 million in Series A funding led by venture capital firm The Eleven Fund, reaching a corporate valuation of $240 million to accelerate its multi-state rollout. To further expand its market presence and secure state government traceability contracts, the firm acquired the prominent cannabis compliance software provider BioTrack from publicly traded Forian Inc. for $30 million in February 2023. The profitable technology business was originally founded in 2018 by co-founders Mike Beedles and Ken Condren.
Alleaves has raised $40.0M across 1 funding round.
Alleaves has raised $40.0M in total across 1 funding round.
Alleaves has raised $40.0M in total across 1 funding round.
Alleaves's investors include The Eleven Fund.
Alleaves has raised $40.0M across 1 funding round. Most recently, it raised $40.0M Series A in July 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jul 19, 2022 | $40M Series A | The Eleven Fund | — | Announced |
