Trym, which is behind cannabis software built for commercial growers, has announced a $3.1 million seed round in order to help the company grow its software offering.
Commercial marijuana operations rely on software platforms in order to track and forecast crops from seed to sale. The company’s solution offers commercial growers a robust set of features, including integration with the regulatory platform Metrc and environmental sensors.
Using the system, growers gain a powerful tool to grow their plants and business thanks to comprehensive analytics capabilities and operations management.
According to Trym’s website, its software can “increase consistency,” “improve communication,” and help cannabis firms “maintain compliance.”
Trym’s software integrates with Metrc, a regulatory system used in 14 states and Washington D.C., that tracks cannabis products from seed-to-sale and helps ensure a safe and secure supply chain.
The company’s seed round has come from notable investors as well as family and friends who put in $1 million. 7thirty Capital and Delta Emerald Ventures co-led the preferred round of $2.1 million with participation from Welcan Capital, Arcview Collective Fund and others.
“Our investors are a perfect match with Trym’s DNA,” remarked Matt Mayberry, CEO and co-founder. “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. A disruption is happening in the market, and we are helping to drive it.”
“The growth opportunity in the cannabis cultivation software market is very exciting for us,” said Micah Tapman, the 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.”
