Dutchie, a four-year-old, Bend, Oregon company that charges cannabis dispensaries a monthly fee to create and run their websites and manage orders, is on a roll this year, raising its second large round of funding — this time a $350 million Series D at a $3.75 billion valuation. (Photo Credit: Dutchie/Dutchie Co-founders Ross Lipson and Zach Lipson)
The new valuation is more than double what was announced in March when Dutchie brought in $200 million in Series C funding at a $1.7 billion valuation. At the time, the valuation was roughly eight times the $200 million valuation the company had after closing on $35 million in Series B funding last August.