Growth

THE NEWS WRAP: On-demand marijuana startup backed by Snoop Dog raises $US10 million

StartupSmart /

A San Francisco startup that delivers medical marijuana to customers on-demand has raised $US10 million in Series A funding in order to launch nation-wide.

 

The capital injection was led by DCM Ventures, with 500 Startups and Fresh VC also participating in the round.

 

Founder and chief executive Keith McCarty said in a statement the funding will allow the company to fill 50 job vacancies across all areas of the business.

 

“We want to thank our early patients and partners in the San Francisco Bay Area who have contributed to our success to date,” he said.

 

“These major milestones are only possible with their support. The new funding enables us to expand rapidly by further developing our technology, building new dispensary partnerships and scaling our team for hyper-growth as we expand nationwide where marijuana is legal.”

 

Apple says no to selfie sticks

 

Apple is banning selfie sticks from this year’s Worldwide Developers Conference, according to Apple Insider.

 

“You are not permitted to make audio or audiovisual recordings of WWDC or take professional photographic or video equipment, or wearable recording devices into Moscone West or Yerba Buena Gardens,” the event’s attendance policy reads.

 

“In addition, you may not use selfie sticks or similar monopods within Moscone West or Yerba Buena Gardens.”

 

Pocket raises additional $US7 million in capital

 

Pocket has raised an additional $US7 million in funding in order to expand its team and launch in products, according to Venture Beat.

 

The startup allows users to save content from across the web – including social media platforms such as Twitter – and read it later or keep on-hand for future reference.

 

Pocket has raised $US14.5 million to date.

 

Overnight

 

The Dow Jones Industrial Average is up 59.66 points, rising 0.33% to 18,0365.70. The Aussie dollar is currently trading at around 76.7 US cents.

 

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