Fundraising Fox

Salveo Capital

Venture capital

Northbrook · Seed–Late Stage · 10 people tracked

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Investment thesis

Salveo Capital invests in the legal cannabis sector, aiming to build long-term, sustainable companies that help reshape the industry's image and foster a vibrant market. The firm emphasizes an institutional-quality approach across company vetting, investment structures and portfolio management.

Source: firm website, verified Aug 3, 2026.

Stage
Seed–Late Stage
HQ
Northbrook, Illinois, US
Instruments
Equity
Founded
2016
Tracked investments
25

Team · 10 people

from the firm's website & curated & public directories

What they invest in

from 17 of 25 portfolio companies

Consumer ×8AgTech ×3Healthtech ×3Retail Tech ×3SaaS ×3Wellness & Fitness ×3Biotech ×2Direct to Consumer ×2

HQs:United States×14Canada×1India×1

Who they back

founder profiles across 9 portfolio companies
44%
solo founders
4 of 9 mapped founding teams

Founding team size:solo founder×42 founders×43 founders×1

Investments · 25 tracked

founders shown can be your intro path

By year:2021 · 12019 · 12016 · 13 dated

Ascendwellnessascendwellness.cominOTC: AAWH

Ascend Wellness Holdings is a vertically integrated cannabis company that cultivates, manufactures, and retails cannabis products through company-owned and partner-operated stores across the U.S., with operations concentrated in limited-license markets in the Northeast and Midwest regions.

ConsumerMorristown, US

Abner Kurtin(Executive Officer, Director)inRoman Nemchenko(Executive Officer)inSamuel Brill(Executive Officer, Director)inFrank Perullo(Director)

BoardScott Swid(Director)Emily Paxhia(Manager)

Co-investorsJM10

Pinterestpinterest.comNYSE: PINS

Pinterest operates a visual discovery platform where users save and browse images organised into boards, used heavily for shopping, recipes and design.

San Francisco, US

Evan Sharp(Co-founder & CDO)Ben Silbermann(Co-founder & CEO)inPaul Sciarra(Co-founder)Mike Yang(Executive Officer)Natalie Fair(Executive Officer)Bill Readyin

Co-investorsA.Capital VenturesA*Acequia Capital (AceCap)Allied Venture PartnersAmakorAndreessen Horowitz+52 more

Altum Investments

Denver, US

Elizabeth Cooke(Founder)Mark Grindeland(Founder)

Co-investorsGotham Green Partners

Baker Technologiestrybaker.com

Healthtech

David ChampionJoel MiltonRoger Obando

Co-investors500 GlobalBase Venture Management, Inc.

Cannabistrycannabistry.com
Codasignaturecodasignature.com

Coda Signature produces cannabis-infused edibles, including gummies with fruit flavors and premium chocolates, marketed as consumer products.

Consumer

Enjoywurkenjoywurk.comin

Würk provides human capital management, payroll, and compliance software tailored for cannabis businesses operating across the United States.

Enterprise SoftwareHR TechSaaSDenver, US

Keegan Peterson

Co-investorsAltitude Investment Management

Flowkanaflowkana.comin

Flowkana makes cannabis wellness products—including gummies and pre-rolls—formulated with specific cannabinoid ratios plus adaptogens and nootropics targeting effects such as sleep, energy, relaxation, and focus.

ConsumerDirect to ConsumerWellness & Fitness

Co-investorsArtemis Growth Partners

Front Range Biosciences

Boulder, US

Christopher Zalewski(Founder)Jonathan Vaught(Founder)Nick Hofmeister(Founder)

Co-investorsKEY Investment PartnersHALLEY Venture PartnersPhyto PartnersSand Hill Angels

Frontrangebiofrontrangebio.com

Co-investorsSand Hill Angels

Fyllofyllo.inin𝕏Nov 2021 · $40M

Fyllo builds IoT sensor devices, hyper-local weather forecasting, and crop-specific agronomy models that provide data-driven irrigation, fertigation, and disease-prediction recommendations to farmers.

AgTechAI & Machine LearningIoTBengaluru, IN

Sudhanshu Rai(Co-Founder)inSumit Sheoran(Co-Founder)in

Co-investors100XCapria VenturesIndia QuotientAmbria CapitalArcadian CapitalPhyto Partners

Grassrootscannabisgrassrootscannabis.com

Grassroots Cannabis cultivates and sells premium cannabis flower, pre-rolls, and concentrates with curated genetics and craft strains.

ConsumerChicago, US

Co-investorsAltitude Investment Management

Headsetheadset.ioin𝕏

Headset provides real-time, verified cannabis market data collected from over 3,000 retailers across the United States and Canada, aggregating point-of-sale transactions to track sales trends and products.

AgTechData & InfrastructureSaaSSeattle, US

David Cyrus Scott(Executive Officer, Director)Scott Vickers(Executive Officer, Director)inDaniel Wassel(Executive Officer)

BoardNarbe Alexandrian(Director)Nico Richardson(Director)Michael Metzger(Director)

Co-investorsFounders FundWGD Capital, L.P.Silverleaf Venture Partners, LLC

Hellofyllohellofyllo.com

Fyllo provides privacy-first advertising solutions and audience data for consumer-focused brands, including Fortune 500 companies, operating in the programmatic advertising space.

AdTechMarketing Tech

BoardTravis Moyer(Partner)James Ramelli(Managing Partner)Ante Jurkovic(Partner)

Co-investorsInvestBev

Herblherbl.comJan 2019

Santa Barbara, US

Michael Beaudry(Executive Officer)in

Co-investorsKEY Investment Partners

Kelsie Biotech Chemicals R&Dkel-sie.com

KelSie Biotech is a biotechnology company developing and commercializing drug-delivery technologies licensed from Sievers Biotech, including a Bubble Drying Process, sublingual wafers, and dry powder inhalable products.

BiotechHealthtechMedical DevicesEnglewood, US

Cameron F. Keluche(President & CEO)Christie Spencer(Secretary and Chief Financial Officer of Issuer)Ben Kaanta(Executive Chairperson)Steven Addis(Chief Marketing Officer)Shon Williams(Chief Revenue Officer)William J. Green(Director)

Co-investors7thirty

Leaflogixleaflogix.comin𝕏

LeafLogix is no longer available as a standalone product.

Retail Tech

Mplantproductionsmplantproductions.com
Myeqmyeq.comin

Equilibria is a woman-owned wellness brand offering plant-based, science-backed supplements—centered on full-spectrum hemp, CBD, and low-dose THC—to address women's stress, sleep, and hormone health.

ConsumerDirect to ConsumerE-commerceFemTechWellness & Fitness

Marcy Capron(Co-founder)inCoco(Co-founder)

Co-investorsStarting LineThe Players' ImpactHyde Park Angels

PathogenDxpathogendx.comin𝕏Apr 2016

PathogenDx provides molecular pathogen detection assays using proprietary D3 Technology for rapid, multiplexed identification of bacterial, fungal, and viral pathogens in food, agricultural, clinical, and environmental samples.

BiotechFoodTechMedical DevicesScottsdale, US

Michael Hogan(CSO)Milan Patel(CEO)inEric Lachance(COO)in

Co-investors7thirtyAltitude Investment Management

Purissimapurissima.bio
Sclabssclabs.comin𝕏

SC Labs and ACT Laboratories jointly operate a certification initiative that establishes rigorous lab quality standards for cannabis testing to ensure accuracy, integrity, and transparency.

AgTechConsumerHealthtechSanta Cruz, US

Shopharborsideshopharborside.comin

Harborside is a vertically integrated cannabis retailer and cultivator operating multiple dispensary locations across California, offering curated cannabis flower, concentrates, edibles, and other products from established brands.

ConsumerRetail TechWellness & FitnessOakland, US

Steve DeAngelo(Founder)inDress Wedding(Founder)in

Tokyosmoketokyosmoke.comin𝕏

Tokyo Smoke is a cannabis retailer operating physical stores where customers can shop in-store or order online for store pick-up (Click and Collect) and home delivery.

ConsumerE-commerceRetail Tech

Treeztreez.ioin

Treez provides automation software for cannabis retailers that reduces manual work in order management and invoice processing.

SaaS

Co-investorsARC Angel FundDarco CapitalWGD Capital, L.P.

Exits · 2

IPOs and acquisitions across the tracked portfolio

AscendwellnessOTC: AAWHPinterestNYSE: PINS

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Salveo Capital made?
Salveo Capital has 21 tracked investments.
What stage does Salveo Capital invest at?
Salveo Capital invests at the Seed, Series A, Growth, Late Stage stages.
What sectors does Salveo Capital focus on?
Salveo Capital focuses on AgTech, Biotech, Healthtech, SaaS, Wellness & Fitness.
Where is Salveo Capital located?
Salveo Capital is headquartered in Northbrook, US.
Who does Salveo Capital co-invest with?
Salveo Capital most often shares deals with Altitude Investment Management, 7thirty, Base Venture Management, Inc., among 12 tracked co-investors.

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