Kyle Sherman, founder and CEO of Flowhub, discusses the total capital raised for his cannabis compliance and POS platform.
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“About eight million dollars.”
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More from Kyle Sherman
Disclosure
Flowhub Teams Sometimes Consume Cannabis for 5 PM Brainstorms
“And you know, as a team, sometimes we do you know, we'll, we'll responsibly consume as a group and we'll you know, certain departments will sit down and talk and brainstorm things at five o'clock. It's kind of our version of the bar cart, but you know, no, dur…”
Kyle ShermanJun 7, 2019▶ 2:581413 With $4m in ARR, This Cannabis POS System Is Market Leader Growing 3x YoY
AssertionNot checkable as stated
Sherman: Flowhub average ACV is around $8,000, reaching up to $45,000
“Our ACV year is around 8000 dollars today. Some go as high as 45,000 dollars.”
Kyle ShermanJun 7, 2019▶ 3:541413 With $4m in ARR, This Cannabis POS System Is Market Leader Growing 3x YoY
AssertionPartly supported
Sherman: Flowhub partnered with HP for all-in-one dispensary hardware systems
“We partnered with HP earlier this year to provide an all in one solution. So these systems ship from HP over to our customers with our platform installed on it.”
Kyle ShermanJun 7, 2019▶ 4:241413 With $4m in ARR, This Cannabis POS System Is Market Leader Growing 3x YoY
AssertionNot checkable as stated
Flowhub reaches just under 500 customer dispensaries
“We're over probably about just under 500 at this point.”
Kyle ShermanJun 7, 2019▶ 6:561413 With $4m in ARR, This Cannabis POS System Is Market Leader Growing 3x YoY
AssertionNot checkable as stated
Flowhub Generates Approximately $300,000 in Monthly Recurring Revenue
“Yeah, we're right around 300 K.”
Kyle ShermanJun 7, 2019▶ 7:121413 With $4m in ARR, This Cannabis POS System Is Market Leader Growing 3x YoY
AssertionNot checkable as stated
Sherman: Flowhub maintains 98% annual customer logo retention
“We're retaining about 98% of our customers year and year.”
Kyle ShermanJun 7, 2019▶ 9:211413 With $4m in ARR, This Cannabis POS System Is Market Leader Growing 3x YoY
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