Cannabis tech startup Trym raises $3.1M in seed funding for its farm management software built for the cannabis cultivators
Trym, a Novato, California-based tech startup and developer of farm management software built for the cannabis cultivators, announced today it has closed a $3.1 million seed funding round of financing to make further software advancements and expand its trusted farm management platform into new markets. The funding round includes a $1 million from friends and family and $2.1 million co-led by 7thirty Capital and Delta Emerald Ventures, with participation from Welcan Capital, Arcview Collective Fund.
Founded in 2018 by CEO and co-founder Matt Mayberry, Trym’s comprehensive platform supports growers in optimizing and managing daily operations to scale faster and increase profitability. One trusted source for all the information needed to run a business, Trym boosts production efficiency, empowers team members, and turns insights into strategic decisions. Trym currently operates in 14 U.S. states and works with more than 80 of the largest cultivators and multi-state operators in the country.
“Our investors are a perfect match with Trym’s DNA,” said Matt Mayberry, CEO and co-founder, Trym. “They understand that connectivity is the future of cannabis agriculture and that to stay in the game, commercial cultivators have to closely track and manage all aspects of their business. Disruption is happening in the market and we’re helping to drive it.”
Intense competition in the cultivation supply chain pushes down on prices and forces operators to improve their production efficiency to stay competitive. Trym addresses the needs of scaling organizations and will use the capital to continue improving its cultivation-focused platform. The funds will also be deployed for strategic software integrations with complementary supply chain software and hardware systems.
“The growth opportunity in the cannabis cultivation software market is very exciting for us,” said Micah Tapman, Managing Partner at 7thirty Capital. “Trym is disrupting cannabis cultivation with a comprehensive software platform that streamlines business and connects the whole team for more efficient farm management. We have watched Trym grow since 2019, and their progress has been exceptional. We are delighted to participate in this round.”
Trym’s powerful operations management, easy-to-use compliance reporting, and comprehensive analytics capabilities offer a differentiated platform for commercial cannabis growers.