SCOTTSDALE, Ariz., Sept. 22, 2016 (GLOBE NEWSWIRE) -- Simplifya, a portfolio company of Hypur Ventures, announced today that it has completed its Series A financing.
Simplifya is a software company operating in the legalized marijuana industry that assists businesses, law firms, consultants, financial institutions and regulatory agencies with monitoring cannabis licensee operations for compliance with state and local regulations.
Simplifya was founded by the partners at Vicente Sederberg, one of America’s top cannabis law firms, as a technology solution to help them effectively manage the complex and intensive licensee monitoring process for their legal cannabis customers.
“We realized that there are many other clients in this rapidly growing industry who would benefit from our solution, so we saw an opportunity to scale this beyond our own firm,” said Simplifya CEO and Co-founder Marion Mariathasan.
The underlying database of compliance verification checklists was created by and is constantly updated by Vicente Sederberg, ensuring that the system stays current as laws and regulations change and licenses come up for renewal.
Hypur Ventures led the Series A financing, adding Simplifya to its portfolio as part of its focused strategy of investing in the compliance infrastructure of the cannabis industry.
“Simplifya is a synergistic match with our other companies in the legal marijuana space, and it fills an important market need,” said Christopher Galvin, Co-founder and President of Hypur Ventures. “Vincente Sederberg has an impressive track record of navigating the complex and ever-changing world of the legal cannabis market, and they’ve translated that expertise into Simplifya’s automated solution to achieve simplicity, usability and scalability in monitoring cannabis licenses.”
Simplifya will launch first in Colorado and will later roll out to other states where cannabis has been legalized.
Simplifya is an easy-to-use, cloud-based SaaS (Software as a Service) application for web, mobile, and tablet use to help ensure a cannabis business is legally compliant. Learn more at Simplifya.com
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.