When was Green Bits founded?

Green Bits was founded in 2014 and raised its 1st funding round 3 years after it was founded.

Where is Green Bits located?

Green Bits is headquartered in San Jose, United States.

How many employees does Green Bits have?

As of May 31, 2026, the latest employee count at Green Bits is 11.

Is Green Bits a funded company?

Green Bits is a funded company, having raised a total of $42.2M across 3 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Aug 09, 2017.

When was the latest funding round of Green Bits?

Green Bits' latest funding was a $***** Series B round on Apr 16, 2020, with participation from 3 investors.

Where does Green Bits rank among its competitors?

Green Bits ranks 49th amongst 1909 active competitors, of which 111 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was Clip, which secured $100M in Jun, 2024.

Who are the top competitors of Green Bits?

Green Bits' top competitors include Square, Lightspeed and SpotOn. Among them, Clip secured the most recent funding round in June, 2024.

Green Bits - 2026 Company Profile, Team, Funding & Competitors

Company Details

Cannabis commerce platform providing software and services for dispensaries and brands. It offers a comprehensive suite of solutions designed to streamline operations and enhance the customer experience. The platform includes point of sale, e-commerce, loyalty programs, payments, delivery management, reporting and analytics, automated compliance, multi-location management, and inventory management. It also provides integrations with various tech partners. The platform aims to optimize margins, increase sales, and modernize the cannabis shopping experience. It offers tools for dispensaries' regulatory needs and helps streamline operations from seed to sale. It provides a cloud-based platform with features like cart, login, and subscription options. The platform leverages technology to foster fair and sustainable cannabis policy.

Website: greenbits.com
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Key Metrics

Founded Year

2014

Location

San Jose, United States

Stage

Acquired

Total Funding

$42.2M in 3 rounds

Latest Funding Round

Series B, Apr 16, 2020, $*****

Investors

Tiger Global Management & 4 more

Ranked

49^th among 1909 active competitors

Employee Count

11 as on May 31, 2026

Similar Companies

Square & 2406 more

Exit Details

Acquired by dutchie (Mar 16, 2021)

View Green Bits' full profile

Green Bits got acquired by dutchie on Mar 16, 2021.

Click here to take a look at Green Bits's acquisition in detail

Green Bits has raised a total funding of $42.2M over 3 rounds. Its first funding round was on Aug 09, 2017. Its latest funding round was a Series B round on Apr 16, 2020 for $*****. 3 investors participated in its latest round. Green Bits has 5 institutional investors.

Here is the list of recent funding rounds of Green Bits:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 16, 2020	5972208	Series B	8475490	3525484	8947031	7662402
Apr 18, 2018	6015244	Series A	4299769	2339825	8651105	Casa Verde Capital
Aug 09, 2017	7172893	Series A	7943727	4961558	Casa Verde Capital	8826814

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View details of Green Bits's funding rounds and investors

The founders of Green Bits are Ben Curren and Trae Robrock.

Here are the details of Green Bits' key team members:

Ben Curren: Former ecutive Chairman and Founder of Green Bits and founder of 1 other company. They are also an angel investor in 1 startup.
Trae Robrock: Former Co-Founder of Green Bits and founder of 1 other company.

View details of Green Bits's Founder profiles and Board Members

Green Bits' employee count trend

Green Bits has 11 employees as of May 26. Here is Green Bits's employee count trend over the years:

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Top competitors of Green Bits include Square, Lightspeed and SpotOn. Here is the list of Top 10 competitors of Green Bits, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Square 2009, San Francisco (United States), Public	Provider of integrated point of sale and business management solutions	$520M	Victory Park Capital Advisors, GIC & 59 others	85/100
2nd	Lightspeed 2005, Montreal (Canada), Public	Provider of point of sale and payment platform for businesses	$292M	CDPQ, Inovia Capital & 8 others	79/100
3rd	SpotOn 1999, San Francisco (United States), Series F	Point-of-sale systems and business software solutions for restaurants and small businesses	$923M	Andreessen Horowitz, Dragoneer Investment Group ... & 15 others	77/100
4th	Clip 2012, Mexico City (Mexico), Series D	Provider of point-of-sale terminals and digital payment solutions for businesses	$497M	Alta Ventures, SoftBank Latin America Fund ... & 28 others	74/100
5th	Clover 2010, Mountain View (United States), Acquired	Provider of point-of-sale solutions for restaurants, retail, and services	$8.75M	Sutter Hill Ventures, Morado Ventures & 5 others	73/100
6th	Ezetap 2011, Bengaluru (India), Acquired	Cloud-based mPOS software and hardware solutions for businesses	$66.4M	Social Capital, Helion Venture Partners & 43 others	72/100
7th	DNA Payments 2018, London (United Kingdom), Series D	Provider of omnichannel payment solutions, including terminals, online payments, and ePOS	$141M	Alchemy Partners, Mocom & 1 others	70/100
8th	Tyro 2003, Sydney (Australia), Public	Provider of POS solutions for retail stores	$103M	TDM Growth Partners, Tiger Global Management ... & 4 others	69/100
9th	Network Merchants 2001, Roselle (United States), Acquired	White Label Payment Gateway solutions	$54.2M	Francisco Partners, Insight Partners & 3 others	66/100
10th	Moka 2014, Jakarta (Indonesia), Acquired	mPOS software and hardware solutions for offline retailers	$27.9M	East Ventures, Sequoia Capital & 11 others	66/100
49th	Green Bits 2014, San Jose (United States), Acquired	Cannabis commerce platform providing software and services for dispensaries and brands	$42.2M	Tiger Global Management, Level One Fund & 3 others	51/100