Dutchie
Funding History
| Series C · 03/2021 | $1.7B |
|---|---|
| Series D · 10/2021 | $3.8B |
| 2024 Financing Round · 01/2024 | $400M |
About
Dutchie's software stack includes point-of-sale, e-commerce ordering, payments processing, and insurance products built specifically for state-licensed cannabis retailers, who face banking and compliance constraints not found in other retail verticals.
- founded
- 2017
- headquarters
- Bend, Oregon
- totalFundingDisclosed
- $703.00M
- peakValuation
- $3.75B (October 2021)
- latestDisclosedValuation
- $400.00M (January 2024)
- employees
- ~449 (April 2026)
Overview
Dutchie is a Bend, Oregon-founded technology company that provides point-of-sale, e-commerce, and payments infrastructure for cannabis dispensaries across the United States and Canada. Founded in 2017 by brothers Ross and Zach Lipson, the company grew rapidly during the cannabis-tech investment boom of 2020-2021, expanding through the acquisitions of retail platform Greenbits and software provider LeafLogix.
After raising over $600 million from investors including Tiger Global, D1 Capital Partners, and Thrive Capital, Dutchie's valuation fell sharply amid a broader cannabis-industry downturn. The company underwent leadership changes and layoffs between 2022 and 2024, and closed a $100 million financing round in January 2024 at a steeply reduced valuation as it worked toward profitability.
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