13 fundings; $250M+ invested in NYC startups in the past week. NYC Tech News for the week ending 5/15 featuring news for Heartbeat Health, Lili, and much, much more.
We probably take for granted the many benefits of the widespread usage of UPCs both for manufacturers and consumers and the impact it has on retail – inventory control, standardization, cost efficiencies, clear and accurate pricing, reduced errors with the elimination of manual entry, improved data and tracking, and improved decision making to name a few. For nascent products, UPCs also adds a degree of credibility and builds trust in the product and manufacturer. Lucid Green is bringing the benefits of UPC to the cannabis industry with its software platform that facilitates fungible product codes, LucidIDs, for the cannabis industry. The platform caters to the entire cannabis supply chain from brands down to the consumer with the codes used on bulk packaging, cases, pallets, and individual items. As the market for cannabis continues to grow, with more and more jurisdictions moving towards legalization, the company’s solution allows the industry to scale efficiently with transparency. AlleyWatch caught up with CEO and Cofounder Larry Levy to learn more about the inspiration for the business, the company’s traction, future plans, latest round of funding from investors that include Bravos Capital, Silverleaf Ventures, FGCP, and HALLEY Venture Partners.
Over $180M in funding raised! The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 5/11/2021 featuring funding details for Windmill, Sanctuary, and much more.