COLORADO: BDS Analytics, a leading provider of cannabis market intelligence and consumer research, has raised $3.5 million in Series B funding in a round led by CanopyVentures and Altitude Investment Management, with participation from other leading investors, including Panther Opportunity Fund, and follow-on investments from several existing investors.
“We are very pleased to receive investments from such an illustrious group,” said Roy Bingham, CEO and Founder of BDS Analytics. “This funding places us in a very strong position to execute the national expansion of our GreenEdge software and to roll out our Consumer Insights and Industry Intelligence services to a much broader client base.”
“BDS Analytics graduated from our affiliated accelerator, CanopyBoulder, in 2015 and has since done an exceptional job positioning itself as a go-to source for industry data on market trends, brand development and consumer insights,” said Micah Tapman, Managing Director of CanopyVentures. “We are thrilled to help drive BDS Analytics’ incredible growth and look forward to continuing to work with the team to realize their many opportunities.”
“We are very impressed with the management team,” said John Brecker, Partner of Altitude Investment Management, LLC. “Based on extensive experience in other industries, BDS Analytics has developed proprietary software and services that provide its clients with really useful data and insights. Its value is reflected in the rapid growth and diversification of the BDS Analytics client base.”