Green Check Verified (GCV) announced Wednesday it has completed an oversubscribed $3 million convertible note financing with lead investor Flatiron Venture Partners. The round was also backed by a new investor Robert Wolf, founder of 32 Ventures and ex-chairman and CEO of UBS Americas. Fenway Summer Ventures and Bravos Capital were also involved.
This milestone pushes GCV’s total financing up to more than $8 million to date. In February, the cannabis banking solutions company reported another $2.4 million convertible note financing.
Headquartered in New Haven, the company plans to use the new funding to back this year’s stream of new financial institution partners, but also to advance its current offering.
“Flatiron was eager to lead this round as we truly believe in the potential of Green Check Verified – which comes into play as legislation like …