See how your deck fits this investor's thesis, stage, and ticket size.
Analyse your fitInvestment thesis
Poseidon Asset Management was founded by siblings Emily & Morgan Paxhia in 2013, making their first fund one of the longest running dedicated cannabis investment funds. The Poseidon team has focused on a diversified strategy covering a range of company stages and industry subsectors across the capital spectrum. As a first mover in the cannabis investment space, Poseidon has forged a positive reputation in the cannabis industry by helping companies when others would not, resulting in unique industry access and proprietary deal flow. The firm's business model is designed to identify attractive opportunities and take advantage of market dislocations for the benefit of clients, with an eye on emerging opportunities in the cannabis and hemp industries.
Notable quotes
“The growers who focused on creating efficient operations are the ones that are still around today.”
“Psychology is absolutely integral to an investment position. So much of investing is about how people think and feel about the market they're participating in or the companies they're investing in or their perceptions around the entire concept. When we launched our fund, it was quite a contrarian fund. People thought we were crazy to get into this space. What we knew we had to do was to change perceptions about the industry.”
“The first thing we are trying to look for is team. You can't always find the perfect team in a company, but you try really hard because every time there's a challenge in a company, it usually comes back to a team problem, so we really try to look at the founders.”
Recent investments
| Company | Round | Size | Date |
|---|---|---|---|
| Distru | Series A | $10m | 2024-11-20 |
| Sunburn Cannabis | Seed | $9m | 2024-08-19 |
| Highlyte | Seed | $2m | 2023-04-25 |
| Buzzkill Labs | Series A | $8m | 2023-04-19 |
| Happy Cabbage Analytics | Seed | $6m | 2022-11-14 |
| Ascend Wellness Holdings | Later stage VC | $68m | — |
| PAX Labs | Series E | — | 2016 |
| Greenlane | Later stage VC | — | 2018 |
| Wurk | Series B | $11m | 2019-02-12 |
| Headset | Early stage | — | 2018 |
Frequent co-investors
| VC firm | Deals together |
|---|---|
| Phyto Partners | 3 |
| Arcview Group | 3 |
| Salveo Capital | 3 |
| CanopyBoulder | 2 |
| Arcadian Fund | 1 |
| Global Founders Capital | 1 |
Fit check
Is Poseidon Asset Management a match for your startup?
Upload your deck and get an instant AI-powered fit analysis — see exactly how your startup aligns with this investor's thesis, stage focus, and ticket size.
Analyse your fit