Herb - About the company
Herb is a seed company based in Denver (United States), founded in 2006 by Lucas Young. It operates as a Cannabis culture platform: news, products, dispensaries, and community. Herb has raised $4.1M in funding from Lerer Hippeau. The company has 51 active competitors, including 4 funded and 3 that have exited. Its top competitors include companies like Civilized, CNW and New Cannabis Ventures.
Company Details
Cannabis culture platform: news, products, dispensaries, and community. It is an online cannabis community that breaks down the stigma around weed by curating cannabis products, experiences, and culture. The platform helps users discover the best products, new products, information on strains, how-to guides, and experiences. It aims to create a large and beloved cannabis brand, with a strong community of like-minded members who love cannabis, care about criminal justice, and appreciate the finer things. The mission is to help users free their minds and inspire them to live their best lives through discovering products, content, and experiences that delight, surprise, and enlighten. It partners with leading brands in the industry to ensure that its community of cannabis tastemakers are always satisfied and are able to find what they look for. The platform offers news, product information, dispensary locations, deals, guides, events, recipes, and strains. It also features a shop with various cannabis products, including edibles, vape pens, accessories, and beverages.
- Website
- herb.co
- Social
- Email ID
- *****@herb.co
Key Metrics
Founded Year
2006
Location
Denver, United States
Stage
Seed
Total Funding
$4.1M in 1 round
Latest Funding Round
Investors
Ranked
7th among 51 active competitors
Employee Count
11 - 50 as on Jul 01, 2024
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Herb's funding and investors
Herb has raised a total funding of $4.1M over 1 round. Its latest funding round was a Seed round on Aug 29, 2017 for $*****. 10 investors participated in its latest round. Herb has 12 institutional investors and 5 angel investors.
Here is the list of recent funding rounds of Herb:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Aug 29, 2017 | 5056406 | Seed | 8181139 | 2515233 | 8737469 | 4067073 |
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Herb's founders and board of directors
Founder? Claim ProfileThe founders of Herb is Lucas Young.
Here are the details of Herb's key team members:
- Lucas Young: Founder & Director of Herb.
View details of Herb's Founder profiles and Board Members
Herb's employee count trend
Herb has 11 - 50 employees as of Jul 24. Here is Herb's employee count trend over the years:
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Herb's Competitors and alternates
Top competitors of Herb include Civilized, CNW and New Cannabis Ventures. Here is the list of Top 10 competitors of Herb, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Civilized 2015, Los Angeles (United States), Acqui-Hired | Lifestyle portal with a focus on cannabis | $4.84M | 40/100 | |
2nd |  CNW 2016, Denver (United States), Unfunded | Provider of news aggregation, press release enhancement, and social media distribution for cannabis companies. This service aggregates cannabis-related news, enhances corporate press releases to improve their impact, and leverages social media channels for wider dissemination. It offers a suite of communication solutions designed to increase visibility and brand awareness within the cannabis industry. The service helps companies reach investors, consumers, and journalists through a vast distribution network. It assists with strategic communication planning and execution, ensuring that client messages resonate effectively across multiple platforms. | - | - | 35/100 |
3rd |  New Cannabis Ventures 2015, Houston (United States), Unfunded | Digital media platform with a focus on the cannabis industry | - | - | 35/100 |
4th | Kinamik 2006, Redwood City (United States), Series A | Online platform providing information and updates on the vape | $3.68M | 32/100 | |
5th | Merry Jane 2015, Los Angeles (United States), Funding Raised | Digital media platform targeted at cannabis lifestyle | - | 30/100 | |
6th | Dope Magazine 2011, Seattle (United States), Acquired | Cannabis lifestyle magazine | $875K | 27/100 | |
7th | Herb 2006, Denver (United States), Seed | Cannabis culture platform: news, products, dispensaries, and community | $4.1M | 30/100 | |
8th |  Marijuana Business Daily 2011, Lakewood (United States), Acquired | Business news provider | - | - | 25/100 |
9th | The Fresh Toast 2016, Seattle (United States), Funding Raised | Cannabis lifestyle portal | - | 24/100 | |
10th |  Green Rush Daily 2015, New York City (United States), Acquired | Digital media platform with a focus towards cannabis industry | - | - | 24/100 |
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Herb's Investments and acquisitions
Herb has made no investments or acquisitions yet.
Reports related to Herb
Here is the latest report on Herb's sector:
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