Banking & Finance  April 13, 2017

Denver-based Wurk raises $2M in new funding

DENVER — Wurk, a payroll-services and business-compliance firm targeting the marijuana industry, has raised $2 million in funding.

The Denver Business Journal reports that Poseiden Asset Management led Wurk’s latest round of funding, alongside Photo Partners, Salveo Capital and The Arcview Investor Network.

Wurk recently graduated from the CanopyBoulder cannabis-startup accelerator and is attempting to scale up more rapidly because of emerging cannabis markets and compliance requirements by the new Trump Administration. Wurk has now raised a total of $3 million.

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DENVER — Wurk, a payroll-services and business-compliance firm targeting the marijuana industry, has raised $2 million in funding.

The Denver Business Journal reports that Poseiden Asset Management led Wurk’s latest round of funding, alongside Photo Partners, Salveo Capital and The Arcview Investor Network.

Wurk recently graduated from the CanopyBoulder cannabis-startup accelerator and is attempting to scale up more rapidly because of emerging cannabis markets and compliance requirements by the new Trump Administration. Wurk has now raised a total of $3 million.

Christopher Wood
Christopher Wood is editor and publisher of BizWest, a regional business journal covering Boulder, Broomfield, Larimer and Weld counties. Wood co-founded the Northern Colorado Business Report in 1995 and served as publisher of the Boulder County Business Report until the two publications were merged to form BizWest in 2014. From 1990 to 1995, Wood served as reporter and managing editor of the Denver Business Journal. He is a Marine Corps veteran and a graduate of the University of Colorado Boulder. He has won numerous awards from the Colorado Press Association, Society of Professional Journalists and the Alliance of Area Business Publishers.
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