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3 Latest Announced Rounds

$1,868.87M Raised in 70 Funding Rounds in the past 7 Days - View All

Funding Round Profile

Prelude (New York)

start up
United States - New York
  • 29/11/2023
  • Seed
  • $5,200,000

Prelude is purpose-built to help cannabis retailers reduce out of stocks and overstocks.

We are backed by Rackhouse Ventures and Snoop Dogg's Casa Verde Capital (first investors in Dutchie, Leaflink and more) and are growing our footprint across multi-unit retail and vertical operators in North America.

Before Prelude, our team led the digital transformation of Zara’s supply chain, developed data systems at AWS, built Hinge’s recommendation engine, and led speed optimizations at Adobe.

We are driven by the unique opportunity to become a tech pillar in a young and explosive industry that is influencing larger societal change.


Related People

Michael E. MurphyCo Founder

Michael E. Murphy United States - New York, New York

I’ve spent the past 10+ years building and implementing tech to optimize supply chain and retail operations. If there’s one thing I’ve learned about retail it’s that simply producing great products is not enough…truly great companies know exactly how much to produce (or buy) and exactly where it needs to go.

The cannabis industry has entered a period of hyper-growth but its supply chain remains in its infancy. Everyone from consumer to cultivator has been impacted by this reality...and, in order for this industry to achieve its true, unbounded potential/impact, the industry needs best-in-class, data-driven processes and platforms to help companies decide exactly how much to buy (or produce) and exactly where it needs to go.

Prelude is purpose-built to solve this problem at scale: first by helping dispensaries reduce out of stocks and overstocks and then by helping brands, manufacturers and cultivators effortlessly use this demand data to refine their product mix.

We're a young company that is proud to be helping our early customers:
- Increase gross profit by 50%+
- Reduce order costs by up to 30%
- Reduce inventory levels by up to 60%

If you're an early adopter or want to talk about anything related to cannabis, supply chains, and purchasing/inventory strategy, just drop me a message.