Canopy launches $50 million growth-stage venture fund

BOULDER — Canopy, an accelerator and venture-capital firm for startups ancillary to the cannabis industry, is launching Canopy Ventures I, a $50 million venture fund for growth-stage companies.

The fund will focus on companies providing value in the cannabis supply chain. Investments will predominantly be in businesses raising bridge or Series A capital, as well as follow-on investments in later rounds.

First investments from the fund are expected to be made late in the first quarter of 2018.

“We’re providing smart money to great companies with a proven model,” Micah Tapman,