Snoop Dogg, the rapper, entertainer and businessman, can claim another small victory in a long string of career highlights. The venture firm that he co-founded a couple of years ago, Casa Verde Capital, has closed its debut fund with $45 million.
The money was raised in earnest last year, says managing partner Karan Wadhera, an alum of both Goldman Sachs and Nomura Securities who joined Casa Verde Capital in the summer of 2016 to take over the process of securing operating capital. Investment capital reportedly came from a variety of sources including a blend of limited partners that included family offices and individual investors.
Casa Verde Capital is focused on providing the ancillary services involve, but not limited to agricultural technology, health and wellness, financial services, media, compliance services, and laboratory technology to cannabis businesses.Current businesses under Casa Verde Capitals portfolio include companies like Eaze which is a marijuana logistics and e-commerance platform, Cannalysis a cannabis laboratory testing facility, and Trellis a seed-to-sale compliance and technology software company.