Simplifya Raises $1.5 Million In Over-subscribed Round

Simplifya, the leading regulatory and operational compliance software platform serving the cannabis industry and a Merida Capital I/II portfolio company, announced a successful fundraising campaign in which the company closed on $1.5 million of its currently over-subscribed bridge round. Simplifya said it expects to close an additional $1 million as part of the expanded round in the next 30-45 days. We also expect Merida portfolio companies to use Simplifya in several states going forward, and are excited that the company was able to complete a capital raise during such a difficult period at a valuation well in excess of our investments.

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