Arcview Closes $7.7M Series A Financing Led By Trivergance Investments…

Arcview Closes $7.7M Series A Financing Led By Trivergance Investments…

Troy Dayton picture

Troy Dayton, Founder and CEO, Arcview Group

We see Arcview as the true ‘north star’ in the cannabis sector for investors looking to find quality investment opportunities as well as entrepreneurs seeking to acquire capital…

The Arcview Group, the premier cannabis industry investor network, connecting accredited investors with cannabis related businesses seeking capital, publishing industry-leading research and producing premier cannabis industry events, announces completion of $7.7M of Series A financing. The round was led by Trivergance Investments in partnership with Cresco Capital Partners, one of the largest cannabis-focused PE funds.

As more accredited investors turn to the cannabis sector, Arcview is growing to meet their complex needs. This round of funding accelerates Arcview capabilities to fulfill various business functions, which will help both cannabis investors and companies seek funding in one of the most growth-focused sectors to emerge in this century.

“For the last nine years, Arcview has been able to bring together cannabis investors and entrepreneurs. Arcview now has the funding and new partners to enhance its current program and expand their offerings to those becoming involved in the industry,” said Troy Dayton, Arcview CEO.

A testament to the power of the Arcview Investor Platform is the fact that many of the investors from the robust Arcview investor community participated in this and a previous round of funding. This forward-thinking group includes former AB Inbev CMO, Chris Burggraeve, Treehouse Ventures’ Lindy Snider, Mazakali’s Sumit Mehta, Berkeley Patients Group’s Tim Schick and Etienne Fontan, Dixie Brands’ Tripp Keber, cannabis investment luminary David Wenger, renowned entrepreneur mentor Francis Priznar and former Congressman Ed Feighan.

Jerry Stone, Trivergance Investments Managing Member and Arcview’s new Executive Chairman, explained the investment thesis: “We are immensely proud to have sponsored and led this transaction. We believe Arcview leads the way in building trust and a solid, lasting brand in this developing market, and represents an opportunity for us to continue delivering on our unique business model.” Trivergance along with Ampology, LLC, an affiliated operating company, have decades of experience in scaling membership and subscription businesses, helping to create significant returns for capital partners and other shareholders and interested parties. Ampology, will assume operational control, overseeing strategy and implementation.

As part of this transaction, Jerry Stone, Jonathan Washburn, Ampology co-CEO and Codie Sanchez, Cresco Capital Managing Director will join existing board members Troy Dayton and Gregg Steinberg on the Arcview board.

“We have been a proud partner of Arcview from many years, as several of our portfolio companies have successfully raised capital through their platforms,” said Codie Sanchez, Managing Director of Cresco Capital Partners, a private equity investment firm focused on making strategic investments in the legal cannabis market, “We see a real need for the new asset management offerings in development at Arcview to fuel great ideas and passionate entrepreneurs. We are thrilled to help continue to insure cannabis startups receive the funding they need to flourish.”

Jonathan Washburn noted that, “Strengthening the Arcview funding and information infrastructure will help this flourishing new sector and the ever expanding pool of accredited investors who are interested in the cannabis sector. We see a tremendous opportunity to help tens of thousands of investors and in turn, thousands of companies over time.”

Mr. Stone added, “We see Arcview as the single ‘true north star’ both for investors looking to find quality investment opportunities and efficiently deploy capital in the cannabis sector as well as entrepreneurs seeking to acquire capital and grow their businesses. Arcview will continue to lead the way on both sides of that equation as prohibition comes to an end, and rational business market forces come to fruition.”

About The Arcview Group – http://www.arcviewgroup.com

Founded in 2010 by cannabis pioneers Steve DeAngelo and Troy Dayton, Arcview was the first and is the largest group of investors in the cannabis sector, having helped more than 1500 accredited investor members place more than $260M into over 200 companies including notable companies like Ebbu, Tokyo Smoke, MJ Freeway, 4Front, Harborside, Eaze, Meadow, MJardin, Green Flower Media, Growcentia, Wurk, Spring Big, and Phylos Biosciences. The next invitation-only Arcview Investor Forum is taking place in Chicago July 17-19 (http://events.arcviewgroup.com/chi19/#reserve). Since 2011, Arcview Market Research (https://arcviewgroup.com/research/) has published over 20 reports analyzing and forecasting the rapidly evolving cannabis space making Arcview consistently the most quoted company in the sector. In 2017, Arcview partnered with BDS Analytics to add more robust point-of-sale data and consumer insights to its offerings. In 2015, Arcview helped launch CanopyBoulder, the first seed-stage mentor-driven business accelerator. Fortune 500 companies turn to the Arcview Strategy Group for help navigating the complex commercial and legal environment in cannabis. Forbes Magazine named Arcview among the top 5 financial firms in the cannabis sector and Business Insider named Arcview to its top cannabis venture firms.

About Trivergance Investments, LLC – http://www.trivergance.com

Trivergance Investments is an affiliate of Trivergance, LLC, one of the leading independent sponsors, having invested over $1.5 billion of third-party, institutional equity capital since 2006 – with outsized returns. Trivergance leverages its Ampology affiliate and intellectual property in the areas of BPO, branding, operations, sales, customer acquisition and engagement for its portfolio companies.

About Cresco Capital Partners – http://www.CrescoCapitalPartners.com

Cresco Capital Partners is a US private equity investment firm, dedicated to investing in the cannabis industry. Founded in 2014, the Firm is focused on deploying capital in strategic geographies and sectors within the cannabis space through a combination of opportunistic equity, convertible notes and senior secured debt with warrant protection. Cresco Capital Partners recently announced the closing of an oversubscribed $60 million fund (CCP Fund II). Since inception in 2014, Cresco Capital Partners has raised more than $85 million in its two funds as well as a series of co-investments, and has deployed more than $50 million in 32 companies through CCP Funds I, II and co-investment vehicles.

About Ampology, LLC – http://www.Ampology.com

Combining strategic thinking and business process outsourcing with development, technology and marketing expertise, Ampology LLC solves business problems at scales both detailed and sweeping. With a focus on creating entire new businesses and technology platforms for our partner companies, Ampology brings premium, best-in-class experience to bear with entrepreneurial passion, speed and efficiency to transform and grow brands – and generate meaningful market velocity.


Published at Tue, 16 Jul 2019 00:00:00 +0000