How many investments has Salveo Capital made?

Salveo Capital has 25 tracked investments, 2 of which have exited.

What stage does Salveo Capital invest at?

Salveo Capital invests at the Seed, Series A, Growth 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, WGD Capital, L.P., among 14 tracked co-investors.

Salveo Capital

Venture capital

Northbrook · Seed–Growth · 9 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.

Invests inAgTech Biotech Healthtech SaaS Wellness & Fitness United States

Source: firm website, verified Aug 3, 2026.

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Stage

Seed–Growth

Northbrook, Illinois, US

Instruments

Equity

Founded

2016

Tracked investments

Unicorns

IPOs

Team · 9 people

from the firm's website & curated & public directories

Jeffrey Howard· Managing Partner· Lincoln Park, Chicago

Former Wall Street executive with 21 years at RBS and Merrill Lynch, including Global Head of Prime Services at RBS. He now applies his capital markets experience to sourcing and diligencing cannabis companies.

jeff@salveocapital.com

Michael C. Gruber· Managing Partner· Chicago suburbs

Investor with nearly 30 years of early-stage investment experience across IT, financial services, energy, and agriculture. Founding partner of Independence Equity and founder of Cornerstone Angels; active as a cannabis investor and advisor.

michael@salveocapital.com

Gul Dolen· Managing Partner· Northbrook, Illinois, United Statesin

Gul Dolen is Managing Partner at Salveo Capital and a private equity investor with experience across venture capital, private company operations, and board-level advisory roles. He has founded multiple frontier market investment funds focused on cannabis, psychedelics and CNS disorders, and energy and resource efficiency, with sector expertise spanning software, financial services, regulated industries, and clean technology. Dolen has held interim executive positions and brings experience in M&A transactions, capital raising, international expansion primarily in Asia, and corporate development strategy.

Sean Doyle· Principal· New York, New York, United States

Joined Salveo Capital in 2018 after supporting cannabis VC fund Casa Verde Capital. Previously worked in energy finance at Vestas and co-founded an IoT startup; holds an MBA from Chicago Booth.

Devin Liles· Industry Advisor

Cannabis industry veteran with 15 years of experience who co-developed Colorado cannabis company The Farm and served as its CEO. Co-owner and President of AIMCanna.

Gary Jungels· Fund Attorney

Transactional attorney specializing in private equity and venture capital fund formation, deal structure, and compliance. Partner at Freeborn & Peters and previously Mayer Brown.

Robby Flannery· Agricultural Advisor

Advisory board member and crop optimization expert with a PhD from UC Davis. Former Production Director at cannabis operator SPARC and founder of Sierra Consulting.

Thomas Mazarakis· Portfolio Advisor· Chicago suburbs

Former Goldman Sachs Managing Director in London with over 18 years of Wall Street investment experience. Now an early-stage investor and advisor applying fundamentals-driven research to the cannabis sector.

John Dohm

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 10 portfolio companies

50%

solo founders

5 of 10 mapped founding teams

Founding team size:solo founder×52 founders×43 founders×1

Investments · 25 tracked

founders shown can be your intro path

By year:2021 · 1 2019 · 2 2016 · 14 dated

Ascendwellnessascendwellness.com inOTC: 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)in Roman Nemchenko(Executive Officer)in Samuel Brill(Executive Officer, Director)inFrank Perullo(Director)

BoardScott Swid(Director)Emily Paxhia(Manager)

Co-investorsJM10

Pinterestpinterest.com inNYSE: 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(Founder)Ben Silbermann(Founder)in Paul Sciarra(Founder)Mike Yang(Executive Officer)Natalie Fair(Executive Officer)in Bill Ready(Chief Executive Officer)in

Co-investors3Spoke Capital A.Capital Ventures A*Acequia Capital (AceCap)Allied Venture Partners Amakor +64 more

Baker Technologiestrybaker.com

HealthtechDenver, US

David ChampionJoel MiltonRoger Obando

Co-investors500 Global Base Venture Management, Inc.Cool Climate Collective Phyto Partners

Codasignaturecodasignature.com in

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

Consumer

Enjoywurkenjoywurk.com in

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

Flow Kanaflowkana.com in

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 inSep 2019 · $8.5M

US-focused tissue culture cloning and biotech.

Boulder, US

Christopher Zalewski(Founder)inJonathan Vaught(Founder)inNick Hofmeister(Founder)

Co-investorsKEY Investment Partners AFI Capital Partners Arcadian Capital HALLEY Venture Partners Militello Capital New York Angels +2 more

Fyllofyllo.in in 𝕏Nov 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)in Sumit Sheoran(Co-Founder)in

Co-investors100X Capria Ventures India Quotient Titan Capital Ambria Capital Arcadian Capital +1 more

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.io in 𝕏

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 Fund WGD Capital, L.P.AFI Capital Partners Poseidon Asset Management 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.com 𝕏

LeafLogix is no longer available as a standalone product.

Retail Tech

Daniel Grabowski(Founder)in

Myeqmyeq.com in

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-investorsJosephine Collective Starting Line The Players' Impact Hyde Park Angels

PathogenDxpathogendx.com in 𝕏Apr 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)in Eric Lachance(COO)in

Co-investors7thirty Altitude Investment Management

Sclabssclabs.com in 𝕏

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.com in

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.com in 𝕏

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.io in

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

SaaS

Co-investorsARC Angel Fund Darco Capital WGD Capital, L.P.AFI Capital Partners Long Ridge Equity Partners

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

Altum InvestmentsCannabistryFrontrangebioMplantproductionsPurissima

Exits · 2

2 IPOs

AscendwellnessOTC: AAWHPinterestNYSE: PINS

Frequently asked questions

How many investments has Salveo Capital made?: Salveo Capital has 25 tracked investments, 2 of which have exited.
What stage does Salveo Capital invest at?: Salveo Capital invests at the Seed, Series A, Growth 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, WGD Capital, L.P., among 14 tracked co-investors.

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