Wurk, a human capital management company for the cannabis industry, announced this week the closing of an oversubscribed $3.5 million Series AA round of financing, completed entirely by existing investors.
The round was led by Wurk Investment Partnership, with participation from Poseidon Asset Management, Salveo Capital and The Arcview Group, among others.
Wurk currently works with 80% of the top MSOs in the nation and holds more than 70% market share in the combined medium and enterprise cannabis HRIS technology market. With the additional capital, Wurk will expand product integration capabilities and improve customer support across all touchpoints to enhance its value offering for customers. In addition, Wurk will invest in employee training programs to accelerate product knowledge and expertise.
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Amid industry hiring boom, Denver cannabis tech startup Wurk brings on capital bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.