Series A second close · Healthtech
Sanity Group adds $3.5M from Casa Verde at Series A second close
The Berlin cannabis company brings in Casa Verde Capital to support research and business expansion.
Sanity Group closed an additional $3.5 million investment from Casa Verde Capital on November 3, 2021. The financing formed a second close of its Series A and brought the cannabis-focused venture firm onto the company’s shareholder register.
Sanity Group planned to use the capital for medical cannabis research and to expand its business, including medicinal cannabis, finished pharmaceuticals and consumer products. Casa Verde’s direct investment deepened a relationship that had begun when partners Yoni Meyer and Karan Wadhera backed the company through a separate vehicle in its 2019 seed financing.
Use of funds
Medical cannabis research
Business expansion
Funding history
Series A second close · This round$3.5M