MainStem
Seattle, US · Founded 2014 · 3 known investors
Find your way into MainStem
MainStem is a B2B procurement platform for the cannabis industry, unifying purchasing, finance (AP, payments, ERP/accounting sync), and supplier operations in one system. It serves cannabis operators and the suppliers who sell to them, providing a multi-supplier marketplace, PO automation, and fulfillment workflows.
Founders & leadership
MainStem was founded in 2014 by Alen Van Nguyen.
AV
Alen Van NguyenCEO, President and Director
CD
Craig David McCallumCFO, Secretary and Treasurer
Board
MB
Mitch BaruchowitzBoard directorFounder & Managing Partner, Investment Committee Chair at Merida Capital Holdings
Investors · 3
Merida Capital Holdingslisted by Merida Capital HoldingsRye
How we know: funding news · press coverage · Not right? Tell us
Poseidon Asset Managementreported
How we know: funding news · Not right? Tell us
Also in the syndicate · 1
Merida Capitallead
Reported raises · per SEC filings
Form D private placements$7.5M disclosed across 3 rounds · 2018–2021
▶$5MraisedSep 2021 · 2 investors · OtherRule 506(b)
▶$5MraisedSep 2021 · 2 investors · Other
Rule 506(b)Officers, directors & promoters on the filing
- Tom HarrisonDirector
- Alen Van NguyenExecutive Officer, Director
- Offering amount
- $5M
- Amount sold
- $5M
- First sale
- Sep 2021
- Incorporated
- Corporation, Washington
- Federal exemptions
- 06b
▶$500KraisedDec 2018 · 1 investors · OtherRule 506(b)
▶$500KraisedDec 2018 · 1 investors · Other
Rule 506(b)Officers, directors & promoters on the filing
- CRAIG MCCALLUMExecutive Officer, Promoter
- MITCH BARUCHOWITZDirector
- ALEN VAN NGUYENExecutive Officer, Director
- Offering amount
- $500K
- Amount sold
- $500K
- First sale
- Nov 2018
- Incorporated
- Corporation, Washington, 2014
- Federal exemptions
- 06b
▶$2MraisedAug 2018 · 7 investors · OtherRule 506(b)
▶$2MraisedAug 2018 · 7 investors · Other
Rule 506(b)Officers, directors & promoters on the filing
- Mitch BaruchowitzDirector
- Craig David McCallumExecutive Officer
- Alen Van NguyenExecutive Officer, Director
- Offering amount
- $2.2M
- Amount sold
- $2M
- Minimum investment
- $25K
- First sale
- Jul 2018
- Incorporated
- Corporation, Washington, 2014
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
In the news
Frequently asked questions
- What does MainStem do?
- MainStem is a B2B procurement platform for the cannabis industry, unifying purchasing, finance (AP, payments, ERP/accounting sync), and supplier operations in one system. It serves cannabis operators and the suppliers who sell to them, providing a multi-supplier marketplace, PO automation, and fulfillment workflows.
- Who founded MainStem?
- MainStem was founded by Alen Van Nguyen in 2014.
- Who are MainStem's investors?
- MainStem's investors include Merida Capital Holdings, Poseidon Asset Management.
- How much funding has MainStem raised?
- MainStem has disclosed $7.5M raised across 3 rounds.
- Where is MainStem headquartered?
- MainStem is headquartered in Seattle, US.