Cannabis-focused commercial lender,
Bespoke Financial, confirmed Monday it has completed an $8 million Series A funding round, co-led by Snoop Dogg’s Casa Verde Capital and Sweat Equity Ventures.
What Happened
The round was also supported by Ceres Group Holdings, Greenhouse Capital Partners, DoubleLine Capital’s co-founder and ex-president Philip Barach, and New York venture capitalist Robert Stavis.
With the latest raise, the company’s total funding now surpasses $28 million.
“Bespoke’s loan origination volume has grown exponentially, financing over $120mm in GMV with zero defaults to date,” the company noted, adding it has come to have a credit performance database with more than 2,000 cannabis license holders.