About Gron Ventures
Gron Ventures is a venture capital firm founded in 2018. It is primarily based out of Newport Beach, United States. As of Jun 2023, Gron Ventures has invested in 5 companies. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from Consumer to Life Sciences and HealthTech. Most recently it participated in the $***** Series A round of Heading Health Overall, Gron Ventures portfolio has seen 1 unicorn, namely dutchie. A lot of funds co-invest with Gron Ventures, with names like Snoop Dogg sharing a substantial percentage of its portfolio.Key Metrics
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A & Series B
Portfolio Unicorns
Gron Ventures' List of All Investments
Gron Ventures has a portfolio of 5 companies, one of which is a Unicorn. Their most notable investments are in Heading Health and Pure Beauty.Their portfolio spans across and United States. They have invested in Consumer, Life Sciences, HealthTech and 2 other sectors, across stages such as Series A, Series B stages. Here is the list of all investments by Gron Ventures:1. dutchie
Dutchie is an online marketplace for cannabis products. It provides a platform for marijuana dispensaries to sell and buyers to buy marijuana products from their local dispensaries. The products can be scheduled for pickup or home-delivered by the retailer.
Key facts about dutchie
- Founded Year: 2017
- Location: Bend (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $603M
- Employee Count: 469 as on Sep 30, 2026
- Investors: Glynn Capital, Dragoneer Investment Group and 20 Others
- Latest Funding Round: Series D, Oct 14, 2021, $*****
- Highlight: Editors' Pick
2. Gilgamesh
Developer of drugs for neuropsychiatric conditions. The company has an AI-powered discovery and translational platform to develop novel psychotropic drugs for the treatment of neuropsychiatric conditions including depression, anxiety, substance use, and stress-related disorders. Products include GM-1020 and GM-2505 an oral NMDAR Antagonist.
Key facts about Gilgamesh
- Founded Year: 2019
- Location: New York City (United States)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $152M
- Employee Count: 37 as on Aug 31, 2026
- Investors: Seven Hound Ventures, Satori Capital and 18 Others
- Latest Funding Round: Series B, Mar 27, 2026, $*****
- Highlight: Editors' Pick
3. Lucid Green
Cannabis supply chain solution for transparency, compliance, and efficiency. It is a B2B SaaS platform that provides intelligent product identification for the cannabis industry. The platform offers solutions for brands, retailers, and consumers, focusing on supply chain optimization, regulatory compliance, and enhanced consumer engagement. It streamlines operations from seed to sale, offering features like automated data capture, touchless COA access, and real-time data analytics. The platform aims to reduce manual labor, eliminate errors, and improve truck-to-shelf time, ensuring product authenticity and transparency. It supports inventory management, compliance reporting, and consumer loyalty programs, offering a comprehensive solution for the cannabis supply chain. The platform leverages technologies like QR codes and item-level tracking to enhance efficiency and trust across the industry.
Key facts about Lucid Green
- Founded Year: 2018
- Location: New York City (United States)
- Stage: Series B
- Total Funding till date: $17.1M
- Employee Count: 13 as on Aug 31, 2026
- Investors: Phyto Partners, Silverleaf Venture Partners and 6 Others
- Latest Funding Round: Series B, Sep 22, 2025, $*****
Key facts about Heading Health
- Founded Year: 2020
- Location: Austin (United States)
- Stage: Series A
- Total Funding till date: $4.5M
- Employee Count: 59 as on Aug 31, 2026
- Investors: Innovating Capital, Alex and Bart's Angel Fund and 14 Others
- Latest Funding Round: Series A, Jun 29, 2023, $*****
5. Pure Beauty
Key facts about Pure Beauty
- Founded Year: 2017
- Location: Los Angeles (United States)
- Stage: Series A
- Total Funding till date: $5M
- Employee Count: 148 as on Aug 31, 2026
- Investors: Gron Ventures, Ceres Group Holdings and 3 Others
- Latest Funding Round: Series A, Jul 15, 2021, $*****
Gron Ventures' Year-on-Year Investment Trends
Gron Ventures has invested in 5 companies over the last 7 years, with an average of 0 new investment annually in the last 5 years. Its most recent first time investment was in Heading Health and most recent follow-on round was in Gilgamesh.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 1 | 0 | 1 |
2022 | 1 | 1 | 2 |
2021 | 2 | 2 | 4 |
2020 | 0 | 1 | 1 |
2019 | 1 | 0 | 1 |
Gron Ventures' Investments by Stage
Gron Ventures has made 4 investments in Series A stage with an average round size of $12.9M and 1 investment in Series B stage with an average round size of $10M.Stage of entry | No. of Investments |
|---|---|
Series A | 4 |
Series B | 1 |
Note: We have considered here, only first round of investments
Gron Ventures' Investments by Sector
Gron Ventures has a diverse portfolio, with companies operating in the Consumer, HealthTech, Healthcare, Life Sciences and Retail. Notably, it has invested in 3 Tech companies, 1 Consumer (B2C) company, 1 Enterprise (B2B) company and 1 company focusing on Marketplace.Sector | No. of Investments |
|---|---|
Consumer | 2 |
HealthTech | 2 |
Healthcare | 2 |
Life Sciences | 1 |
Retail | 1 |
Note: We have considered here, only first round of investments
Gron Ventures' Investments by Geography
Gron Ventures has made most investments in United States (5).Gron Ventures' recent investments
Gron Ventures has not made any investment in 2026 so far.Here are the most recent investments by Gron Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 29, 2023 | United States | Series A | 2407 | [+5] | |
Dec 15, 2022 | United States | Series B | 9108 | [+6] | |
Apr 26, 2022 | United States | Series B | 5440 | ||
Oct 14, 2021 | United States | Series D | 7235 | ||
Jul 15, 2021 | United States | Series A | 4537 | [+3] |
Unicorns in Gron Ventures' Portfolio
Gron Ventures has 1 unicorn in its portfolio - dutchie. The most recent unicorn in their portfolio is dutchie which became a unicorn in 2021, 2 years after Gron Ventures first invested in it.Here is a list of unicorns in Gron Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
71 | Online marketplace for cannabis products | 2017 | Bend | Series D | uipvadz |
Co-investors of Gron Ventures
Over the past 7 years, 41 investors have co-invested in Gron Ventures's portfolio companies. This includes funds and angels.
- Invested before Gron Ventures: Casa Verde Capital, 35V and 8 others have invested in rounds before Gron Ventures. There is 1 company where Casa Verde Capital has invested before Gron Ventures and 1 company where 35V has invested before Gron Ventures.
- Top Co-investors of Gron Ventures: 19 investors entered a company along with Gron Ventures. These include investors like Snoop Dogg (1 company).
- Invested after Gron Ventures: A total of 12 investors have invested in Gron Ventures's portfolio after their investments. Top Investors include Thrive Capital (1 company), Howard Schultz (1 company) and Tiger Global Management (1 company).
Recent News related to Gron Ventures
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Gron Ventures and Red Tech Obtain $61.5 Million Arbitration Award Against Berner's Cookies for Fraud, Intentional Interference andGlobeNewswire•Sep 09, 2026•Gron Ventures
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Heading Health Raises $4.5M in Series A FundingFinSMEs•Jun 30, 2023•Heading Health, Gron Ventures, JAM Fund, One Mind and 5 others
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Gilgamesh raises funds to advance treatments for mental healthPharmaceutical Business Review•Dec 16, 2022•Prime Movers Lab, Gilgamesh, Alumni Ventures, Palo Santo and 5 others
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Lucid Green raises $10M Series A to bring smart UPC codes to cannabisTechCrunch+•Apr 26, 2022•Lucid Green, Gotham Green Partners, Gron Ventures
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Snoop Dogg-Backed Tech Firm Powering Pot Industry Valued at $3.75 BillionBloomberg•Oct 14, 2021•dutchie, Gron Ventures, Casa Verde Capital, Sinai Ventures and 8 others
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Cannabis Brand Pure Beauty Raises Us$5 Million In Convertible Note FundingGlobal CosmeticNews•Jul 25, 2021•Pure = Beauty, Gron Ventures, Subversive Capital, Ceres Group Holdings and 2 others
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New York-based biotech startup Gilgamesh Pharmaceuticals raises $27M Series A to develop psychedelic medicines to treat mental illnessTechStartups.com•May 06, 2021•Gilgamesh, Prime Movers Lab, Noetic Psychedelic Fund, Gron Ventures and 3 others
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Dutchie Raises $200M and Acquires Greenbits, LeaflogixGanjapreneur•Mar 17, 2021•dutchie, Green Bits, Leaf Logix, Tiger Global Management and 5 others
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Cannabis Tech Co. Dutchie Hits $1.7B Valuation In Series CLaw360•Mar 16, 2021•dutchie, Tiger Global Management, Dragoneer Investment Group, DFJ Growth and 5 others
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Tech Provider for Cannabis Firms Dutchie Raises $200 MillionThe Wall Street Journal•Mar 16, 2021•dutchie, Gron Ventures, Casa Verde Capital, Sinai Ventures and 1 other
