Casa Verde Capital

Casa Verde Capital is a prominent Los Angeles-based venture capital firm uniquely dedicated to the global cannabis industry. Co-founded by music icon Snoop Dogg (Calvin Broadus Jr.) and led by Managing Partner Karan Wadhera, the firm has established itself as a leading investor in the burgeoning cannabis ecosystem. Since its inception, Casa Verde has strategically positioned itself to capitalize on the rapid growth and evolving regulatory landscape of the cannabis market, focusing on innovation and infrastructure.

The firm's investment strategy primarily targets ancillary businesses that support the cannabis supply chain, rather than direct plant-touching operations. This includes companies involved in technology, health and wellness, consumer products, cultivation solutions, and retail platforms. Casa Verde invests across various stages, from seed to growth equity, seeking to back companies that provide essential services and scalable solutions to the industry. Their portfolio reflects a commitment to diversified investments within the cannabis space, aiming to build a robust and sustainable ecosystem.

Casa Verde Capital has demonstrated significant growth in its fundraising efforts, reflecting increasing investor confidence in the cannabis sector. The firm successfully closed its second fund at $100 million in 2021, following an initial fund of $45 million in 2018. This was further bolstered by the closing of their third fund, also at $100 million, in 2023. These substantial capital raises enable Casa Verde to make impactful investments, with typical first checks ranging from $1,000,000 to $10,000,000, depending on the stage and specific needs of the company. Their portfolio includes notable industry players such as Weedmaps, Dutchie, and Leaflink, underscoring their influence in shaping the future of the cannabis economy.