The VC firm that made early bets on Uber and Snap is investing in a marijuana breathalyzer
|05/23/2017||Posted by BusinessMediaguide.Com under General World News||
In a first for the legal marijuana industry, a prominent venture capital firm has made moves to cash in.
On May 23, Hound Labs, an Oakland-based startup that makes a breathalyzer for marijuana, announced a new $8.1 million round of funding led by Benchmark Capital. In the past, the Silicon Valley venture firm made early bets on Uber, Snap, Dropbox, and WeWork, among other technology giants.
Founded in 2014, Hound Labs is on a mission to make a reliable breathalyzer that detects and measures THC — a chemical compound responsible for marijuana’s psychoactive effects. The device is moving into clinical read more >>>