Casa Verde Capital

What Casa Verde Capital does

Casa Verde Capital, LLC is a Los Angeles (West Hollywood)-based venture capital firm founded in 2015 that focuses exclusively on the cannabis industry. Founded by Calvin Broadus (Snoop Dogg) and led by Managing Partner Karan Wadhera (formerly a senior executive at Goldman Sachs and Nomura), the firm deploys early- and growth-stage capital into scalable, capital-efficient cannabis businesses led by what the firm describes as world-class entrepreneurs. Its portfolio of roughly 20 active companies plus a small number of exited/acquired positions spans the full cannabis value chain: point-of-sale and e-commerce (Dutchie, exited Greenbits), regulatory track-and-trace (Metrc), B2B wholesale marketplaces (LeafLink, Cansativa), cultivation and processing (AceCann, Growlink), staffing (Vangst), cannabis-specific financial services (Bespoke Financial, Kompliant, Frontier Risk), biotech and drug discovery (Delix, exited Oxford Cannabinoid Technologies), consumer brands (TSUMo Snacks, Miss Grass), and media (Merry Jane). Notable portfolio outcomes include Dutchie's $3.75B valuation after its October 2021 Series D, LeafLink's $100M Series C, and Sanity Group's $48.5M Series A and $38M Series B (co-led with British American Tobacco).

The firm operates as a traditional venture capital fund, generating revenue through management fees (annual, percentage-based, on assets under management) and carried interest (performance-based, typically 20% of profits above a hurdle rate). Both fee structures are not publicly disclosed. Casa Verde sources deals through direct outreach to cannabis founders, inbound inquiries via website contact forms, and industry network relationships, and it evaluates thousands of opportunities per year against the goal of investing in a select few. The firm sits on the boards of 10+ portfolio companies, actively catalyzing cross-portfolio collaboration across the value chain. Its customer base is bifurcated between cannabis founders/operators (primary segment) and institutional Limited Partners (family offices, endowments, high-net-worth individuals) seeking differentiated exposure to the cannabis sector.

Casa Verde does not develop proprietary technology products. Its core technology footprint consists of standard fund administration and LP reporting tools (an Arkpes LP login is referenced on the website). The firm's competitive differentiation rests on first-mover positioning in cannabis venture investing, the cultural reach and deal-flow access provided by its celebrity co-founder, the institutional finance pedigree of its investment team, and an intentionally diverse portfolio designed to enable inter-portfolio operational collaboration.

Name

Casa Verde Capital

Legal name

Casa Verde Capital, LLC

Website

https://casaverdecapital.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

1–10 employees

Short description

Casa Verde Capital is a cannabis-focused venture capital firm founded in 2015 and based in West Hollywood, California. Led by Managing Partner Karan Wadhera with co-founder Calvin Broadus (Snoop Dogg), it deploys seed-to-growth capital across roughly 20 active cannabis portfolio companies spanning POS, compliance, B2B marketplace, cultivation, staffing, fintech, biotech, and consumer brands.

Ownership category

akta.pro rank

Product category

Venture Capital

NAICS

Other Financial Investment Activities (5239), Portfolio Management and Investment Advice (523940)

SIC

Finance Services (6199)

akta.pro primary industry

Corporate Strategic Partnership & Ecosystem Investment Arms (FSANAHAF)

akta.pro secondary industries

Emerging Manager / Seeding Platforms (Multi-Manager) (FSANAGAF), Corporate LP Programs (Corporate as LP in VC/PE funds) (FSANAHAH)

Keywords

• Cannabis venture capital
• Seed stage investments
• Startup funding
• Portfolio management
• Fund management

Headquarters

HQ city

Los Angeles

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Management Fees: VC firms typically charge annual management fees as a percentage of assets under management to cover fund operations and deal sourcing activities.
2. Carried Interest: Performance-based fees earned on investment returns above a specified threshold (hurdle rate), typically 20% of profits.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels7 records

Core offering

Casa Verde Capital is a venture capital firm that deploys equity capital into early-stage cannabis and ancillary startups, provides strategic guidance, board participation, and operational support to portfolio companies. The firm earns revenue through management fees on assets under management and carried interest on investment returns above a specified hurdle rate.

Product overview

Casa Verde Capital is a venture capital firm focused on the cannabis industry, established in 2015 as one of the first funds dedicated to this sector. The firm does not offer a single product but rather provides investment capital, strategic guidance, and operational support to portfolio companies across the cannabis value chain. The portfolio spans multiple verticals including point-of-sale and e-commerce platforms (Dutchie), regulatory compliance and traceability (Metrc), B2B marketplaces (LeafLink, Cansativa), marketing analytics (Surfside, Pistil Data), agricultural technology (Growlink), staffing solutions (Vangst), financial services (Bespoke Financial, Kompliant, Frontier Risk), biotech and drug discovery (Delix, Oxford Cannabinoid Technologies), consumer products (Tsumo Snacks, Miss Grass), and media (Merry Jane). The firm leverages robust industry relationships to help portfolio companies solve complex operational issues in this nascent market.

Differentiator

Problem solved

Functional benefit

Products and services

• Cannabis Venture Capital Fund

Quantifiable outcome

• Evaluated thousands of opportunities and invested in a select few since 2015
• +2 more outcomes

Named customers20 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators19 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Merida Capital Partners: Merida Capital Partners is a cannabis-focused private equity and venture firm investing across the cannabis value chain. Directly comparable to Casa Verde on sector specialization, multi-stage investment approach, and active board participation.
• Tuatara Capital: Tuatara Capital is a dedicated cannabis venture capital firm investing in ancillary and plant-touching businesses. Directly comparable given its sector focus, early-stage investing approach, and similar portfolio composition in cannabis infrastructure and consumer brands.
• Altitude Capital Partners: Altitude Capital is a cannabis-dedicated investment firm deploying capital into early and growth-stage cannabis companies. Comparable to Casa Verde on cannabis specialization and multi-stage equity investing.
• Phyto Partners: Phyto Partners is a cannabis-focused venture capital firm making early-stage investments in ancillary and consumer-facing cannabis companies. Closely comparable to Casa Verde on seed-stage focus and cannabis sector dedication.
• Poseidon Asset Management: Poseidon is a long-standing cannabis-focused investment firm with both credit and equity strategies. Comparable to Casa Verde as a sector-specialized manager with similar portfolio company types in cannabis infrastructure and consumer brands.
• JW Asset Management: JW Asset Management is a long-tenured cannabis-focused investment firm with public and private vehicles. Comparable to Casa Verde on cannabis specialization and equity exposure to the sector across vintages.
• The Arcview Group: Arcview Group operates a cannabis-focused investment network and fund vehicles for accredited investors. Comparable to Casa Verde as a cannabis-specialized investment platform focused on early-stage opportunities.
• Salveo Capital: Salveo Capital is a cannabis-focused venture capital firm with a thesis centered on plant-touching and ancillary operators. Closely comparable to Casa Verde given sector focus and early-stage venture investing approach.
• Green Acre Capital: Green Acre Capital is a cannabis-focused private equity and venture firm investing across cultivation, retail, and ancillary businesses. Comparable to Casa Verde on dedicated sector focus and active equity investment model.
• Gotham Green Partners: Gotham Green Partners is one of the largest dedicated cannabis-focused private investment firms, deploying capital across early and growth stages. Highly comparable to Casa Verde given shared sector focus, multi-stage mandate, and active portfolio support model.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/casaverdecap
• Facebookfacebook.com/casaverdecap
• LinkedInlinkedin.com/company/casa-verde-capital
• Instagraminstagram.com/casaverdecap

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments40 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Casa Verde Capital