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Ignite - About the company

Ignite is a late stage company based in Las Vegas (United States), founded in 1985 by Ramki Ramakrishnan. It operates as a Provider of online marketplace platform for cannabis products. Ignite has raised an undisclosed amount in funding. The company has 62 active competitors, including 10 funded and 13 that have exited. Its top competitors include companies like LeafLink, Nabis and Leafbuyer.

Company Details

Ignite provides an online marketplace platform for cannabis products. The company offers a range of cannabis-infused products like CBD flavored drops, Vape pen, CBD toothpicks, rechargeable vape pens and more. The users can also order the products online with different primary strains like sativa, hybrid varieties, Indica, and CBD-rich sativa.
Website
ignite.co
Social
XFacebook
Email ID
*****@ignite.co
Registered Address
El Segundo, California
Key Metrics
Founded Year
1985
Location
Las Vegas, United States
Stage
Late Stage
Latest Funding Round
Ranked
Employee Count
71 as on May 31, 2026
Investment & Acquisitions
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Ignite's funding and investors

Ignite has raised funding over 1 round. Its latest funding round was a Post IPO round on Sep 07, 2021 for $*****. 1 investor participated in its latest round. Ignite has 2 institutional investors.

Here is the list of recent funding rounds of Ignite:
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Sep 07, 2021
3165064
Post IPO
2384124
3475038
5913824
1444703
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Ignite's founders and board of directors

Founder? Claim Profile
The founders of Ignite is Ramki Ramakrishnan.
Here are the details of Ignite's key team members:

Ignite's employee count trend

Ignite has 71 employees as of May 26. Here is Ignite's employee count trend over the years:
Employee count trend for Ignite
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Ignite's Competitors and alternates

Top competitors of Ignite include LeafLink, Nabis and Leafbuyer. Here is the list of Top 10 competitors of Ignite, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for LeafLink
LeafLink
2015, New York City (United States), Series D
Streamlining wholesale cannabis commerce with technology solutions for brands and retailers
$195M
71/100
2nd
Logo for Nabis
Nabis
2017, Oakland (United States), Series B
Leading cannabis marketplace and distribution platform connecting brands and retailers
$33.2M
64/100
3rd
Logo for Leafbuyer
Leafbuyer
2012, Greenwood Village (United States), Public
Online retailer for consumer based cannabis products
$4.5M
-
54/100
4th
Logo for Trulieve
Trulieve
2016, Tallahassee (United States), Public
Provider of an online marketplace platform for cannabis products
$488M
52/100
5th
Logo for Canndescent
Canndescent
2015, Santa Barbara (United States), Acquired
Provider of ultra-premium cannabis products
$57M
52/100
6th
Logo for Leaf Trade
Leaf Trade
2015, Chicago (United States), Acquired
A wholesale cannabis marketplace platform
$22.6M
52/100
7th
Logo for Emmac
Emmac
2018, London (United Kingdom), Acquired
Cultivator and producer of medical cannabis products
$69.1M
52/100
8th
Logo for Confident Cannabis
Confident Cannabis
2014, Palo Alto (United States), Series A
Online platform for cannabis producers
$15.1M
47/100
9th
Logo for Surterra Wellness
Surterra Wellness
2014, Atlanta (United States), Series D
Florida medical marijuana dispensary providing safe, high-quality cannabis products
$300M
46/100
10th
Logo for Ignite
Ignite
1985, Las Vegas (United States), Late Stage
Provider of online marketplace platform for cannabis products
-
43/100
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Ignite's Investments and acquisitions

Ignite has acquired Gen X Biosciences. Ignite has not made any investments as of now.

News related to Ignite

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Ignite reports revenue down 8% in fiscal third quarterStaffing Industry AnalystsApr 20, 2023Ignite
Ignite revenue down 5%, but gross margin improvesStaffing Industry AnalystsFeb 01, 2023Ignite
Airtasker appoints former Ignite CFO as its new CFOStaffing Industry AnalystsSep 06, 2022Airtasker, Ignite
SEC Sues Ignite, Discloses Criminal InvestigationGreen Market ReportSep 01, 2022Ignite
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