Cannabis data venture Minerva has raised approximately $400K in a seed round led by DVN Venture Partners, a private equity investment firm. The company said that this additional funding will accelerate expansion into legal markets and support new opportunities across the growing global cannabis industry.

Minerva’s head of product said it will deploy capital which will allow the company to quickly expand its market intelligence platform. “The cannabis industry continues to expand at a significant rate, with new markets legalizing faster than ever before,” said Mr. Nadav Mills, CTO of ASIF420. “With this new round of capital, Minerva can better support these emerging markets while continuing to deliver the innovative analytics Minerva is known for.”

Since its launch in 2019, Minerva has been the pioneer in powering advanced and unparalleled analytics services for growing customer bases within cannabis, supporting retailers and dispensaries data from over thirty territories, with market projections in the EU. and Germany specifically. They continue to elevate the caliber of the cannabis industry providing precise data-driven insights to brands, dispensaries, retailers, and organisations in the financial services and consumer packaged goods sector.

“We are thrilled to be investing with the industry’s leading market intelligence platform,” said Mr. Tal Arbeli, CEO of ASIF420 Cannabis Venture. “Minerva’s brand and distribution partners consistently advised us that Minerva’s information was clear and accurate, which gave leadership confidence in making key business decisions.”

“As the Chief Technology Officer, I can confidently say that Minerva’s platform is unrivalled in any industry,” said Nadav Mills. “What the Minerva team have achieved is truly remarkable; they have created usable, actionable information from an entire industry’s data-set in real time.”