Simplifya completes Series A funding

Rick MatsumotoCompliance, TechnologyLeave a Comment

funding-for-growth

Hypur Ventures leads investment in cannabis tech company

September 22, 2016

Simplifya Logo squareSCOTTSDALE, AZ – Simplifya, a portfolio company of Hypur Ventures, announced today that it has completed its Series A capital financing stage.

Simplifya is a software company operating in the legalized marijuana industry that assists businesses, law firms, consultants, financial institutions and regulatory agencies with monitoring cannabis licensee operations for compliance with state and local regulations.

Simplifya was founded by the partners at Vicente Sederberg, one of America’s top cannabis law firms, because they wanted a technology solution to help them effectively manage the complex and intensive licensee monitoring process for their legal cannabis customers.

“We realized that there are many others in this rapidly growing industry who would benefit from our solution, so we saw an opportunity to scale this beyond our own firm,” said Simplifya CEO and Co-founder Marion Mariathasan.

The underlying database of compliance verification checklists was created by and is constantly updated by Vicente Sederberg, ensuring that the system stays current as laws and regulations change and licenses come up for renewal.

Hypur Ventures logoHypur Ventures, the largest Simplifya investor, added the company to its portfolio as part of it’s focused strategy of investing in emerging markets with high growth potential.

“Simplifya is a synergistic match with our other companies in the legal marijuana space, and it fills an important market need,” said Christopher Galvin, Co-founder and President of Hypur Ventures. “Vincente Sederbeg has an impressive track record of navigating the complex and ever-changing world of the legal cannabis market, and they’ve translated that expertise into Simplifya’s automated solution to achieve simplicity, usability and scalability in monitoring cannabis licenses.”

Simplifya will launch first in Colorado and will later roll out to other states where cannabis has been legalized.

About Simplifya

Simplifya is an easy-to-use, cloud-based SaaS (Software as a Service) application for web, mobile, and tablet use to help ensure a cannabis business is legally compliant. Learn more at Simplifya.com

About Hypur Ventures

Hypur Ventures is a venture capital fund dedicated to investing in businesses that operate in the legal cannabis industry. Our strategy is to invest in companies that are known by consumers, competitors, regulators and investors as trusted members of the cannabis community. Learn more at HypurVentures.com

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CONTACT: Jessica Lee, 480-409-4599 x514, jlee@hypurventures.com

Powerhouse MJ law firms team up on compliance software

Rick MatsumotoCannabis Law, Compliance, TechnologyLeave a Comment

Two legal powerhouses in the marijuana industry are branching into the software business, hoping to generate profits in a new line of business.

California-based Greenbridge Corporate Counsel and Colorado-based Vicente Sederberg have tapped Denver tech entrepreneur Marion Mariathasan to develop a software package to help cannabis companies and others involved in the industry comply with the law. While dispensary owners and growers have diversified their businesses by getting into consulting, this may be the first time that marijuana-centric law firms have have waded into a new field in the industry.

The new compliance software package is dubbed Simplifya. It will launch in Colorado in July, and in other states after that, according to a press release. The new venture will be bankrolled through a nearly completed Series A fundraising round. Details weren’t disclosed.

The software is cloud-based. It will target stakeholders of all stripes that work – or are involved in – the cannabis trade, including law firms, financial institutions, regulatory agencies, and marijuana businesses themselves.