Posabit
Seattle, US · Founded 2015 · Washington corporation · 1 known investors
POSaBIT is a fintech company serving the cannabis industry, providing point-of-sale software and transaction/payment services for cannabis retailers and merchants. It focuses on compliant payment methods and operational tools for cannabis dispensaries.
FintechRetail TechSaaS
Founders & leadership
Posabit was founded in 2015 by Ryan Hamlin.
RH
Ryan HamlinFounder
GS
G. Scott GreenburgExecutive
JB
Jon BaugherNamed on SEC filing
Board
JD
Jeff DossettBoard director
Investors · 1
Reported raises · per SEC filings
Form D private placements$7.1M disclosed across 5 rounds · 2016–2019
▶$1.8MraisedJul 2019 · 30 investors · Other TechnologyRule 506(b)
▶$1.8MraisedJul 2019 · 30 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Ryan HamlinExecutive Officer, Director
- Jeff DossettDirector
- Jon BaugherExecutive Officer, Director
- Mike MarketteDirector
- Paul FioreDirector
- G. Scott GreenburgExecutive Officer
- Amount sold
- $1.8M
- Minimum investment
- $10K
- First sale
- Apr 2019
- Incorporated
- Corporation, Washington, 2015
- Federal exemptions
- 06b
▶$1.9MraisedMay 2018 · 23 investors · Other TechnologyRule 506(b)
▶$1.9MraisedMay 2018 · 23 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Ryan HamlinExecutive Officer, Director
- Jeff DossettDirector
- Jon BaugherExecutive Officer, Director
- Mike MarketteDirector
- G. Scott GreenburgExecutive Officer
- Amount sold
- $1.9M
- Minimum investment
- $25K
- First sale
- Dec 2016
- Incorporated
- Corporation, Washington, 2015
- Federal exemptions
- 06b
▶$2.9MraisedMay 2018 · 31 investors · Other TechnologyRule 506(b)
▶$2.9MraisedMay 2018 · 31 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Mike MarketteDirector
- Ryan HamlinExecutive Officer, Director
- Jeff DossettDirector
- Jon BaugherExecutive Officer, Director
- Amount sold
- $2.9M
- Minimum investment
- $5K
- First sale
- May 2018
- Incorporated
- Corporation, Washington, 2015
- Federal exemptions
- 06b
▶$267.3KraisedMar 2018 · 12 investors · Other TechnologyRule 506(b)
▶$267.3KraisedMar 2018 · 12 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Mike MarketteDirector
- Ryan HamlinExecutive Officer, Director
- Jeff DossettDirector
- Jon BaugherExecutive Officer, Director
- Offering amount
- $267.3K
- Amount sold
- $267.3K
- Minimum investment
- $500
- First sale
- Feb 2018
- Incorporated
- Corporation, Washington, 2015
- Federal exemptions
- 06b
▶$129.6KraisedMar 2016 · 78 investors · Other TechnologyRule 506(b)
▶$129.6KraisedMar 2016 · 78 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Jon BaugherExecutive Officer, Director
- Jeff DossettDirector
- G. Scott GreenburgExecutive Officer
- Ryan HamlinExecutive Officer, Director
- Offering amount
- $129.6K
- Amount sold
- $129.6K
- Minimum investment
- $88
- First sale
- Mar 2016
- Incorporated
- Corporation, Washington, 2015
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Competitors · 2
by search overlapLeafly155 shared keywordsLeafly is an online cannabis marketplace and information resource where consumers can browse strains, brands, deals, and reviews, and place orders with local dispensaries for pickup or delivery. It also publishes articles and strain data for cannabis consumers across legal markets.
Dutchie91 shared keywordsDutchie operates an online marketplace connecting consumers with cannabis dispensaries across North America, offering real-time menus, order-ahead pickup, and delivery. It also provides dispensaries with e-commerce tools including online ordering, cashless payments, inventory sync, and loyalty/rewards features.
Companies competing with Posabit for the same Google search keywords, organic and paid, via search-intersection analysis.
Frequently asked questions
- What does Posabit do?
- POSaBIT is a fintech company serving the cannabis industry, providing point-of-sale software and transaction/payment services for cannabis retailers and merchants. It focuses on compliant payment methods and operational tools for cannabis dispensaries.
- Who founded Posabit?
- Posabit was founded by Ryan Hamlin in 2015.
- Who are Posabit's investors?
- Posabit's investors include Digital Currency Group.
- How much funding has Posabit raised?
- Posabit has disclosed $7.1M raised across 5 rounds.
- Where is Posabit headquartered?
- Posabit is headquartered in Seattle, US.