Hemper is a technology company.
Hemper has raised $11.0M across 2 funding rounds.
Key people at Hemper.
Hemper has raised $11.0M in total across 2 funding rounds.
Key people at Hemper.
Hemper has raised $11.0M in total across 2 funding rounds.
Hemper's investors include Evolution VC Partners, Poseidon Asset Management, RiverPark Ventures.
Hemper is a consumer goods company specializing in premium smoking accessories for the cannabis industry, offering subscription boxes, an online headshop, and manufacturing services through its sister company Hara Supply.[1][2][5] It provides products like bongs, glass pipes, rolling papers, pre-rolled cones, hemp wraps, and vaporizers, serving cannabis enthusiasts via direct-to-consumer sales, wholesale, and subscriptions, solving the need for convenient, high-quality, ethically sourced accessories in a fragmented market.[1][3][5] With $13 million in 2024 revenue, 31-44 employees, and a recent $10 million Series A funding round, Hemper demonstrates strong growth momentum, evolving from a niche subscription service to a multichannel leader targeting dominance in cannabis accessories.[1][2][4]
Founded in 2015 in Hauppauge, New York (now headquartered in Las Vegas, Nevada), Hemper was co-founded by Bryan Gerber (CEO), Ravjot “RJ” Bhasin (CFO, handling manufacturing), Henry Kochhar, and Thai Tran.[1][2] The idea emerged from identifying gaps in quality smoking accessories, starting as a subscription box service that quickly expanded into direct sales, wholesale, and large-scale manufacturing via Hara Supply, which produces pre-roll cones and packaging in ethically owned Indian factories.[1] Early traction came from educating consumers on supply chain transparency, pivotal moments include a $1 million seed round, $10 million Series A led by Poseidon Asset Management in 2022, and ranking No. 264 on the 2019 Inc. 5000 list for fastest-growing private companies.[1][4]
Hemper rides the explosive cannabis legalization trend, capitalizing on the pre-rolled cone market's growth from $524 million in 2022 to a projected $12.55 billion by 2028 (69.78% CAGR), driven by consumer demand for convenient, on-the-go smoking solutions.[1] Timing aligns with U.S. state-level legalization expansions and global shifts, favoring vertically integrated players like Hemper that blend e-commerce tech (JavaScript, HTML, social platforms) with physical manufacturing for supply chain resilience.[1][2] It influences the ecosystem by setting standards in ethical production and DTC innovation, enabling cannabis brands via Hara Supply while disrupting traditional headshops through subscriptions and products like Quick Hitter in convenience stores.[1][4][5]
Hemper's trajectory points to global dominance in cannabis accessories, fueled by international expansion, further product launches (e.g., vaporizers, edibles tools), and leveraging Series A capital for manufacturing scale.[1][2][4] Trends like sustained legalization, rising pre-roll demand, and e-commerce personalization will propel growth, potentially evolving its influence from DTC leader to essential B2B supplier for major cannabis firms. As the pre-roll market surges, Hemper's ethical edge and multichannel agility position it to outpace competitors, transforming how consumers access premium smoking experiences.[1]
Hemper has raised $11.0M across 2 funding rounds. Most recently, it raised $10.0M Series A in December 2018.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Dec 1, 2018 | $10.0M Series A | Evolution VC Partners, Poseidon Asset Management, RiverPark Ventures | |
| Jul 1, 2018 | $1.0M Seed | Evolution VC Partners, RiverPark Ventures |
