Flowhub revenue hit $8M in 2024

Flowhub generates revenue from 500 customers

Flowhub

Denver, Colorado, United States

How did Latka collect this data?

Latka collected this data by interviewing Flowhub CEO Kyle Sherman on Sep 13, 2018

About Company RevenueFundingTeamFounder/CEOCustomersCEO Net Worth

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.

Founded

2015

Founded

Revenue

$8M

2021 Revenue

YOY

33.17%

YOY

Funding

$45.8M

Funding

Flowhub Revenue

In 2021, Flowhub revenue run rate hit $8M in revenue.

  • 2021

    Flowhub hit $8M in revenue in 2021

  • 2018

    Flowhub hit $4M in revenue in 2018

  • 2015

    Flowhub launched in 2015 with $0 revenue

Flowhub Funding History

  • 2021 Venture Round

    Flowhub raised a Venture Round of in October, 2021

  • 2019 Series A

    Flowhub raised a Series A of in October, 2019

  • 2017 Seed Round

    Flowhub raised a Seed Round of in April, 2017

  • 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

Churn

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

  • When was Flowhub founded?

    Flowhub was founded in 2015.

  • How much revenue does Flowhub generate?

    Flowhub generates $8M in revenue.

  • Who is the CEO of Flowhub

    The CEO of Flowhub is Kyle Sherman.

  • How much funding does Flowhub have?

    Flowhub raised $45.8M.

  • How many employees does Flowhub have?

    Flowhub has 54 employees.

  • Where is Flowhub headquarters?

    Flowhub is headquartered at Denver, Colorado, United States

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