SCOTTSDALE, Ariz., Sept. 21, 2016 (GLOBE NEWSWIRE) -- Anslinger Capital and Hypur Ventures, two of the most experienced early-stage growth capital firms specializing in the cannabis industry, have announced a strategic merger of their respective funds. The new fund, which will retain the Hypur Ventures name, now boasts the largest and most complementary portfolio of enterprise and consumer focused cannabis companies.
“The unification of the funds will provide investors with a more comprehensive offering to drive growth and provide additional competitive advantage within the marketplace,” says Christopher Male, Co-founder of Anslinger Capital and now Managing Director of Hypur Ventures. “The companies within our portfolio have already started to explore synergy opportunities together and are excited to benefit from being part of the Hypur Ventures team.”
The principals of Hypur Ventures, L.P. began investing in the cannabis industry in 2012 and have since invested over $10 million in cannabis-centric businesses.
“The synergies and connectivity within the fund’s portfolio companies give us a unique strategic advantage in both sourcing deals and bringing new value to target companies,” states Christopher E. Galvin, Co-Founder and President of Hypur Ventures.
The Hypur Ventures portfolio includes investments in:
- Dope Media
- Willie's Reserve
- Blue Line Protection Group
ABOUT HYPUR VENTURES
Hypur Ventures is a venture capital fund dedicated to investing in businesses that operate in the legal cannabis industry. Our strategy is to invest in companies that are known by consumers, competitors, regulators and investors as trusted members of the cannabis community.
Learn more at HypurVentures.com.
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Source:Hypur Ventures, L.P.