Yes, you read that right.
Eaze (nicknamed the “Uber for weed”) is a relatively new startup that is making it easier for medical marijuana patients in California to get their drug of choice via delivery. This on-demand service connects patients with local dispensaries and says it can provide prompt delivery in 10 minutes or less. Since its inception last summer, Eaze has made more than 30,000 deliveries in the Bay Area, and it doesn’t look to be slowing down any time soon.
And neither are investors.
Last November Eaze raised $1.5 million dollars in seed funding from top investors who are often less inclined to fund drug-related companies, thus becoming one of the first marijuana companies to garner support in a big, and very public, way. This quarter proved to be an even bigger hit for the pot firm, as they have just raised $10 million dollars from some pretty big investors, including DCM Ventures, Fresh VC, 500 Startups, and Snoop Dogg’s Case Verde Capital.
Eaze was founded by Keith McCarthy, a former Yammer employee who wanted to cash in on the marijuana craze while it was still hot. Recently, Privateer Holdings raised upwards of $75 million to fund multiple pot startups, including a number of other delivery services. Eaze is just one of many marijuana-based companies that are looking to grow exponentially because of the ever-expanding liberal viewpoints on both medical and legal marijuana use.
While Eaze is currently serving the Bay Area, McCarthy hopes to expand to all areas out west where medical marijuana is legal, specifically Nevada, Arizona, Washington, Colorado, and Oregon.