How Flowhub hit $8M Revenue with 500 customers in 2022.
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..Cannabis seed-to-sale management reimagined. Multiple license harvests, mobile tag scanning, prompt customer service - that‚Äôs the power of Flowhub.
In 2022, Flowhub revenue run rate hit $8M in revenue.
Flowhub hit $8M in revenue in 2021
Flowhub hit $4M in revenue in 2018
Flowhub launched in 2015 with $0 revenue
Flowhub Funding History
Why are so many SaaS founders taking money from Founderpath.com instead of VC`s?
2021 Venture Round
Flowhub raised a Venture Round of $19M
2019 Series A
Flowhub raised a Series A of $23M
2017 Seed Round
Flowhub raised a Seed Round of $3.3M
2015 Seed Round
Flowhub raised a Seed Round of $500K
Flowhub has 86 total employees and 19 sales reps that carry a quota. They have 500 customers an engineering team of 19 and a marketing team of 4
Total team size
Kyle Sherman is the Founder and CEO of Flowhub, the leading business management & 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.