How Flowhub hit $8M revenue and 500 customers in 2021.
Developer of a cannabis retail management platform designed for modern dispensaries across the United States. The company's software creates a global catalog of products, suppliers and strains to deliver compliance, point of sale, inventory tracking and business intelligence data from a single highly-customizable platform, enabling clients to grow revenue, simplify compliance, speed checkouts and manage inventory for improved consumer experiences.
2015
Founded
$8M
2021 Revenue
33.17%
YOY
$45.8M
Funding
Flowhub Revenue
In 2021, Flowhub revenue run rate hit $8M in revenue.
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2021
Flowhub hit $8M in revenue in 2021
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2018
Flowhub hit $4M in revenue in 2018
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2015
Flowhub launched in 2015 with $0 revenue
Flowhub Funding History
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2021 Venture Round
Flowhub raised a Venture Round of in October, 2021
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2019 Series A
Flowhub raised a Series A of in October, 2019
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2017 Seed Round
Flowhub raised a Seed Round of in April, 2017
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2015 Seed Round
Flowhub raised a Seed Round of in April, 2015
FUNDING DATE | ROUND | AMOUNT | VALUATION |
---|---|---|---|
October, 12 2021 | Venture Round | ||
October, 15 2019 | Series A | ||
April, 12 2017 | Seed Round | ||
April, 06 2015 | Seed Round |
Team
Flowhub has 54 total employees and 8 sales reps that carry a quota. They have 500 customers an engineering team of 12 and a marketing team of 4.
DISTRIBUTION | QTY |
---|---|
Total team size | 54 |
Engineer | 12 (22%) |
Sales | 8 (15%) |
Marketing | 4 (7%) |
Founder / CEO
Kyle Sherman
Kyle Sherman is the Founder and CEO of Flowhub, the leading business management and point-of-sale platform for cannabis dispensaries. Founded in Denver, Flowhub simplifies compliance for nearly 1,000 legal cannabis retailers across North America, processing more than $3B in sales annually. Flowhub has raised $28MM in venture capital from firms like e.ventures, Poseidon, and Evolv Ventures, the Kraft Heinz Company's venture arm. Kyle has been named a Top 100 Cannabis Leader by Entrepreneur Magazine, 30 AND UNDER by Business Insider, and is an Associate Producer for the Netflix documentary "Weed the People" which aims to educate mainstream audiences about medical cannabis as a human rights issue. In addition, Kyle serves as a Founding Director and was formally both Treasurer and Vice Chair on the Cannabis Trade Federation (CTF) board, an organization focused on building an inclusive industry and passing federal cannabis legislation. At Flowhub, we're about more than just technology. We're about solving complex problems, creating meaningful social change and connecting with our community. And yeah, we like our cannabis! Founded in 2015 by our CEO Kyle Sherman, Flowhub innovates how cannabis retailers manage complex compliance mandates, supply chain data, sales transactions and reporting by delivering compliance, point of sale, inventory tracking, and business intelligence data from a single, highly-customizable platform. Our mission is rooted in the desire to empower cannabis retailers to build their dream dispensaries. When they succeed, we succeed. Headquartered in downtown Denver, Flowhub is now trusted and loved by thousands of cannabis retailers and partners across the U.S., processing over one billion dollars in cannabis sales annually. As the original integrator to Metrc, the state track and trace system used in most legal cannabis markets, we help cannabis retailers automate and simplify business operations through technology to keep companies and government transparent, keep cannabis products off the black market, and build a robust scalable industry that is approachable for all adults and medical patients.
Q&A
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Customers
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Flowhub Executives
Name | Position | Working Email | Personal Email |
---|---|---|---|
Kyle Sherman | CEO | [email protected] | - |
Flowhub Employees
Name | Position | Working Email | Personal Email |
---|---|---|---|
Kyle Sherman | CEO | [email protected] | - |
Frequently Asked Questions about Flowhub
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When was Flowhub founded?
Flowhub was founded in 2015.
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How much revenue does Flowhub generate?
Flowhub generates $8M in revenue.
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Who is the CEO of Flowhub
The CEO of Flowhub is Kyle Sherman.
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How much funding does Flowhub have?
Flowhub raised $45.8M.
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How many employees does Flowhub have?
Flowhub has 54 employees.
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Where is Flowhub headquarters?
Flowhub is headquartered at Denver, Colorado, United States
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