European Cannabis Market Leader Bloomwell Group Secures $10M Investment

Cannabtimes

<![CDATA[U.S. growth capital provider Measure 8 Venture Partners is lead investorCuraleaf Executive Chairman Boris Jordan joins boardInvestment ushers in new era of “natural based medicine“Showcases Germany as the leading European market for medical cannabis FRANKFURT, Germany, Oct. 18, 2021 – PRESS RELEASE – Bloomwell Group has successfully closed a seed funding round of over $10 million dollars—the highest publicly known seed investment for a European cannabis company to date. The lead investor is U.S. growth capital provider Measure 8 Venture Partners, specialists in cannabis industry investments. Among other investors, business angel Dr. Reinhard Meier is investing again through his Venture Capital Investors fund; and Philipp Weber of FPS acted as legal adviser to Bloomwell.Concurrent with the announcement, Bloomwell Group, which includes Algea Care, Europe’s leading telemedicine company for medical cannabis in terms of patient numbers, is repositioning itself as a holding company, allowing it to build, invest or acquire cannabis companies."With Bloomwell, we are revolutionizing health care through digitalization and the potential of medical cannabis as well as other natural medicines,” Bloomwell co-founder and CEO Niklas Kouparanis said. “Our portfolio companies will radically focus on a consumer-centric approach along the entire value chain of medical cannabis, with the exception of cultivation. The era of natural-based medicine begins now and Bloomwell is taking the lead." Within a year, Bloomwell Group has grown to 160 employees, with projected revenues of 5 million euros in 2021. In addition to Kouparanis, CEO, entreprenuer and cannabis pioneer, the board is strengthened by telemedicine veteran Meier, who as founder, led Teleclinic to an exit, co-founder Samuel Menghistu and Boris Jordan, founding partner of Measure 8 Venture Partners.  The accomplished board covers facets in medicine, digitalization, cannabis, investment and brand building across various market sectors. Dr. Reinhard Meier, Director of Radiology at Westpfalz Klinikum, previously founded and invested…

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Source : European Cannabis Market Leader Bloomwell Group Secures M Investment

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