Posabit
Seattle, US · Founded 2015 · Washington corporation · 41 employees on LinkedIn · 1 known investors
POSaBIT provides a point-of-sale platform for cannabis retailers, including in-store checkout, online ordering, delivery workflows, loyalty, customizable discounts, and compliant payment processing. It also offers real-time sales reporting and analytics to help dispensaries manage inventory, customers, and orders.
Founders & leadership
Posabit was founded in 2015 by Ryan Hamlin.
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 operates an online marketplace and information resource for cannabis, letting consumers research strains and products and order from licensed retailers, while offering customer-acquisition tools to cannabis brands and retailers. It also publishes cannabis journalism and educational resources for a worldwide consumer audience.
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 provides a point-of-sale platform for cannabis retailers, including in-store checkout, online ordering, delivery workflows, loyalty, customizable discounts, and compliant payment processing. It also offers real-time sales reporting and analytics to help dispensaries manage inventory, customers, and orders.
- 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.