Poseidon Asset Management
Poseidon Asset Management is a San Francisco-based cannabis-focused venture capital firm founded in 2013, managing three funds targeting early to later-stage cannabis companies and serving accredited investors with diversified sector exposure across the US, Canada, Latin America, and Europe.
- Company typePrivate
- Founded2013
- HeadquartersSan Francisco, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Poseidon Asset Management does
Poseidon Asset Management (legal entity Poseidon Investment Management, LLC) is a San Francisco-based, cannabis-focused investment management firm founded in 2013 by siblings Emily and Morgan Paxhia. The firm manages three dedicated venture capital funds targeting different stages of cannabis company development: Fund One (launched January 2014, now closed to new investors), Fund Two (launched September 2018, focused on Series A and later, closed to new investors), and Fund Three — The Garden Fund (launched April 2021, focused on pre-Series A, currently open to accredited investors). Across its funds, Poseidon has deployed capital into 100+ funding rounds across approximately 15 active portfolio companies spanning 17+ US states plus Canada, Latin America, and Europe. Portfolio holdings include Flowhub (cannabis retail compliance and POS), Headset (cannabis retail analytics), SPARC (retail and cultivation), Ascend Wellness (vertically integrated operator), and Groundworks Industries.
The firm operates a standard hedge fund/VC revenue model, earning recurring management fees on assets under management plus performance-based carried interest, with all funds restricted to accredited investors. Beyond direct investment, Poseidon has expanded its surface area with two non-fund products: The Poseidon Mastermind, a peer collaboration program for post-seed cannabis founders, and the GreenShoots Pitch Forum, which matches accredited investors with curated cannabis companies. Go-to-market is direct fundraising into HNW individuals and institutional capital (family offices, endowments), supported by thought leadership on LinkedIn, Twitter, YouTube, and earned media in outlets including Benzinga and Yahoo Finance, plus presence at major industry events such as MJ Biz Con and MJ Unpacked.
The leadership team comprises co-founders Emily Paxhia (Managing Director) and Morgan Paxhia, co-founder Christopher Otchy, Managing Directors Michael Boniello and Patrick Rea (who also manages Poseidon Garden Ventures and was previously CEO of CanopyBoulder for over six years), Portfolio Manager Andres Navia, and Director of Operations Celia Daly. The firm has accumulated multiple industry recognitions, including several Barclay Hedge rankings (#1 performing hedge fund in 2016 and 2018, #10 in 2017, Top Hedge Fund Q3 2020, Best Cannabis Investment Fund 2019, Cannabis Hedge Fund Manager of the Year 2019), a Best Sector-Based Asset Manager award from Alternative Investments in 2019, and a Silicon Valley Business Journal "Bay Area's Top Cannabis Businesses" listing in 2020. Revenue, AUM, and LP composition are not publicly disclosed, and the firm has had limited disclosed external capital activity (one recorded Wavemaker Ventures event in 2017).
Poseidon Asset Management firmographics
Firmographics- Name
- Poseidon Asset Management
- Legal name
- Poseidon Investment Management, LLC
- Website
- https://poseidonassetmanagement.com
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Poseidon Asset Management is a San Francisco-based cannabis-focused venture capital firm founded in 2013, managing three funds targeting early to later-stage cannabis companies and serving accredited investors with diversified sector exposure across the US, Canada, Latin America, and Europe.
- Ownership category
- akta.pro rank
Poseidon Asset Management industry classification
Industry- Product category
- Cannabis Venture Capital / Sector-Focused Investment Management
- NAICS
- Other Investment Pools and Funds (5259)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Venture Capital Fund-of-Funds / Multi-Manager Platforms (FSANAAAJ)
Keywords
Where Poseidon Asset Management is headquartered
LocationHeadquarters
- HQ city
- San Francisco
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Poseidon Asset Management business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Management Fees: Standard hedge fund/VC management fee structure charged on assets under management.
- Carried Interest (Performance Fees): Performance-based carried interest from fund returns, aligning manager and investor interests.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Fund III (Garden Fund) - open to accredited investors |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels6 records
Poseidon Asset Management product offering
Product offeringCore offering
Poseidon Asset Management manages dedicated cannabis-focused venture capital funds that invest across multiple stages of the cannabis industry, including licensed operators and ancillary products and services. The firm operates three sequential funds (Fund One launched January 2014, Fund Two launched September 2018, Fund Three: The Garden Fund launched April 2021) targeting pre-Series A, Series A+, and later-stage opportunities, complemented by the Poseidon Mastermind founder collaboration program and the GreenShoots Pitch Forum investor-company matching event.
Product overview
Poseidon Asset Management is a cannabis-focused investment firm offering multiple venture capital funds targeting different stages of company development. The portfolio includes Fund One (early-stage focused, launched 2014, closed to new investors), Fund Two (Series A and later stage, launched 2018, closed to new investors), and Fund Three: The Garden Fund (pre-Series A focused, launched 2021, currently open to accredited investors). Beyond direct investment, Poseidon supports portfolio companies through The Poseidon Mastermind program (a founder support initiative) and the GreenShoots Pitch Forum (an investor-company matching event).
Differentiator
Problem solved
Functional benefit
Products and services
- Fund One Venture capital fund launched in January 2014 investing in cannabis companies across all stages, with approximately 15 actively managed portfolio companies and a 90% private / 10% public mix covering 17+ U.S. states, Canada, Latin America, and Europe. The fund is currently closed to new investors.
- Fund Two Venture capital fund launched September 2018 focused on Series A and later-stage cannabis companies, with a portfolio composed of 100% privately held companies spanning technology providers and vertically integrated operators. The fund is currently closed to new investors.
- Fund Three: The Garden Fund Venture capital fund launched April 2021 focused on pre-Series A cannabis companies, actively investing in licensed operations and ancillary products and services with a primary U.S. focus and opportunistic global review. The fund is open to new accredited investors.
- The Poseidon Mastermind Collaborative program for post-seed-stage cannabis founders designed to spark collaboration and boost growth, offering access to networks, key trends, and peer-to-peer support. Built on five success factors: exclusivity, confidentiality, accountability, impact, and fun.
Companies that use Poseidon Asset Management
Customer profileNamed customers5 records
Segments2 records
Ideal customer profiles2 records
Poseidon Asset Management technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Poseidon Asset Management partnerships and signals
Strategic signalScale indicators3 records
Recent moves7 records
Expansion highlights5 records
Poseidon Asset Management competitors and assessment
Company assessmentEmerging players
- Privateer Holdings: Privateer Holdings was an early-mover private equity firm focused exclusively on the legal cannabis industry, with a portfolio that included Tilray. Although it has wound down, it is a historically relevant peer to Poseidon as one of the first dedicated cannabis PE/VC platforms and a benchmark for sector-specialist capital allocation.
- CanopyBoulder: CanopyBoulder was a leading cannabis startup accelerator founded by Patrick Rea (now Manager of Poseidon Garden Ventures) and Celia Daly (now Director of Operations at Poseidon). Its accelerator model for early-stage cannabis founders is adjacent to Poseidon's Mastermind program and represents an overlapping talent and methodology pool.
Direct peers
- Casa Verde Capital: Casa Verde Capital is a venture capital firm exclusively focused on the cannabis industry, backing ancillary and plant-touching startups. Like Poseidon, it raises dedicated cannabis funds from accredited investors and invests across the cannabis value chain, making it a directly comparable specialist VC.
- Merida Capital Partners: Merida Capital Partners is a cannabis-focused private equity and venture capital firm investing across plant-touching and ancillary cannabis companies. It is one of the closest direct competitors to Poseidon, with overlapping sector mandate, multi-stage investment approach, and similar accredited-investor fundraising model.
- SOL Global Investments: SOL Global Investments is a Canadian-listed investment company focused on cannabis and ancillary industries across North America and Europe. Like Poseidon, it pursues a multi-fund, multi-geography cannabis thesis and is comparable as a publicly traded specialist cannabis-investment vehicle versus Poseidon's private structure.
- Phyto Partners: Phyto Partners is a cannabis-focused venture capital fund that invests in seed and early-stage cannabis companies across ancillary and consumer-facing verticals. It is directly comparable to Poseidon's Garden Fund (pre-Series A focus) and shares a similar multi-fund, sector-specialist thesis.
- The Arcview Group: The Arcview Group is a cannabis investment and research platform connecting accredited investors with cannabis deals — analogous to Poseidon's GreenShoots Pitch Forum. Both serve as gatekeepers and capital-introduction intermediaries for cannabis investment, making Arcview a directly comparable cannabis capital-markets peer.
- Subversive Capital: Subversive Capital is an investment firm focused on cannabis and other emerging regulated industries, including via SPAC structures. It overlaps directly with Poseidon's cannabis-only mandate and accredited-investor base, and serves as a comparable sector-specialist alternative-asset manager.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
Poseidon Asset Management social profiles
Digital presencePoseidon Asset Management financial estimates
Financial estimateRevenue estimate
Valuation estimate
Poseidon Asset Management leadership team
Management profileNumber of profiles
Profiles7 records
Poseidon Asset Management funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Poseidon Asset Management M&A and investment
M&A and investmentM&A
Investments46 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Poseidon Asset Management
What does Poseidon Asset Management do?
Poseidon Asset Management manages dedicated cannabis-focused venture capital funds that invest across multiple stages of the cannabis industry, including licensed operators and ancillary products and services. The firm operates three sequential funds (Fund One launched January 2014, Fund Two launched September 2018, Fund Three: The Garden Fund launched April 2021) targeting pre-Series A, Series A+, and later-stage opportunities, complemented by the Poseidon Mastermind founder collaboration program and the GreenShoots Pitch Forum investor-company matching event.
Is Poseidon Asset Management a public or private company?
Poseidon Asset Management is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Poseidon Asset Management founded?
Poseidon Asset Management was founded in 2013. It employs 1 to 10 people.
Where is Poseidon Asset Management based?
Poseidon Asset Management is headquartered in San Francisco, United States, in the North America region.
How does Poseidon Asset Management make money?
Two revenue lines are on record. Management Fees are the primary driver. The others are carried Interest (Performance Fees).
Who are Poseidon Asset Management's main competitors?
Emerging players on record are Privateer Holdings and CanopyBoulder. Direct peers are Casa Verde Capital, Merida Capital Partners, SOL Global Investments, Phyto Partners, The Arcview Group and Subversive Capital.
Does Poseidon Asset Management have an API?
No public API is recorded for Poseidon Asset Management.
What industry is Poseidon Asset Management in?
Poseidon Asset Management's product category is Cannabis Venture Capital / Sector-Focused Investment Management. Its primary akta.pro industry code is FSANAAAJ, Venture Capital Fund-of-Funds / Multi-Manager Platforms. Its NAICS code is 5259 and its SIC code is 6282.