Privateer Holdings Inc.
Founded in 2011, Privateer claims to be the first private equity firm that only invests in cannabis-related companies. Because cannabis cultivation and distribution is federally illegal, their true focus is on ancillary businesses – companies that don’t “touch the leaf.” Privateer Holdings is led by Brendan Kennedy (CEO), Michael Blue (CFO), and Christian Groh (COO). They initially set a goal to raise $7 million dollars of funding, which they announced was met July 2013. Privateer acquired Leafly in 2012 and launched Arbormain, a Washington-based “start-up accelerator,” the following year.