Salveo Capital

Salveo Capital is a private equity and venture capital firm founded in 2016 and based in Northbrook, Illinois. The firm specializes in direct investments across various stages, including seed, early, mid, and late stage, as well as growth capital investments. Salveo Capital primarily focuses on the legalized cannabis industry, targeting companies involved in marijuana cultivation, dispensaries, and ancillary services such as software, financial services, and biotechnology. The firm aims to partner with entrepreneurs and management teams to develop high-growth companies within this sector. Salveo Capital typically invests between $5 million and $10 million and emphasizes sectors that support the cannabis ecosystem, including agriculture technology, genetics, and digital media.

Sean Doyle

Principal

Jeff Howard

Founder and Managing Partner

Past deals in Cannabis

Wurk

Series A in 2021
Wurk is the leader in HR, Payroll, and Payment technology servicing the fastest-growing emerging industry, cannabis! Wurk's proprietary Compliant Payment Cloud underwriters cannabis businesses enabling them to process payments for payroll, taxes, 401k, benefits, and more positioning Wurk as the largest payments processor in the industry. Their SaaS HCM Cloud provides Modern HR, Payroll, Time & Attendance, Scheduling accessible on any device, including tablets and mobile. Wurk's Intralytics Cloud (integration meets analytics) connects the industries leading technology providers allowing operators to combine and analyze data to inform mission-critical decisions. Wurk is also assembling this data to provide industry benchmarks to help operators compare their KPIs to the trends of the industry. Wurk's unique platform is proving that Human Capital Management, Workforce Management, and Payment technology providers can add significant value to their customers by focusing on their vertical-specific needs. Wurk was founded in August 2015 by Keegan Peterson. And it is headquartered in Denver, Colorado.

Coda Signature

Venture Round in 2021
Coda Signature is a producer of premium cannabis-infused products designed for both medicinal and adult-use markets. The company specializes in handcrafted edibles, including chocolate truffles and bars, as well as topical products. Each item is crafted with a focus on bold flavor combinations and rejuvenating formulas that utilize quality, natural ingredients. By offering these unique products, Coda Signature aims to help consumers engage with the endocannabinoid system effectively.

Front Range Biosciences

Venture Round in 2020
Front Range Biosciences brings modern agriculture to cannabis and hemp to improve reliability, efficiency, and safety for cultivators and consumers. They provide advanced agricultural science services to plant growers.

Front Range Biosciences

Series B in 2019
Front Range Biosciences brings modern agriculture to cannabis and hemp to improve reliability, efficiency, and safety for cultivators and consumers. They provide advanced agricultural science services to plant growers.

Coda Signature

Series A in 2019
Coda Signature is a producer of premium cannabis-infused products designed for both medicinal and adult-use markets. The company specializes in handcrafted edibles, including chocolate truffles and bars, as well as topical products. Each item is crafted with a focus on bold flavor combinations and rejuvenating formulas that utilize quality, natural ingredients. By offering these unique products, Coda Signature aims to help consumers engage with the endocannabinoid system effectively.

Ascend Wellness Holdings

Venture Round in 2019
Ascend Wellness Holdings is a multi-state operator in the cannabis industry, active in five states: Illinois, Michigan, Massachusetts, New Jersey, and Ohio. Founded in 2018 by Abner Kurtin, the company focuses on markets with limited licenses, primarily east of the Rockies. Ascend Wellness is vertically integrated, engaging in the cultivation, manufacturing, and distribution of cannabis consumer packaged goods. It operates state-of-the-art cultivation facilities, producing award-winning strains and a curated selection of premium products. The company's products are sold through its own retail stores as well as third-party licensed cannabis retailers, with the majority of its revenue generated from the retail segment. Ascend Wellness aims to redefine the cannabis marketplace by breaking down traditional barriers and enhancing the overall consumer experience.

Wurk

Series A in 2019
Wurk is the leader in HR, Payroll, and Payment technology servicing the fastest-growing emerging industry, cannabis! Wurk's proprietary Compliant Payment Cloud underwriters cannabis businesses enabling them to process payments for payroll, taxes, 401k, benefits, and more positioning Wurk as the largest payments processor in the industry. Their SaaS HCM Cloud provides Modern HR, Payroll, Time & Attendance, Scheduling accessible on any device, including tablets and mobile. Wurk's Intralytics Cloud (integration meets analytics) connects the industries leading technology providers allowing operators to combine and analyze data to inform mission-critical decisions. Wurk is also assembling this data to provide industry benchmarks to help operators compare their KPIs to the trends of the industry. Wurk's unique platform is proving that Human Capital Management, Workforce Management, and Payment technology providers can add significant value to their customers by focusing on their vertical-specific needs. Wurk was founded in August 2015 by Keegan Peterson. And it is headquartered in Denver, Colorado.

Ascend Wellness Holdings

Venture Round in 2018
Ascend Wellness Holdings is a multi-state operator in the cannabis industry, active in five states: Illinois, Michigan, Massachusetts, New Jersey, and Ohio. Founded in 2018 by Abner Kurtin, the company focuses on markets with limited licenses, primarily east of the Rockies. Ascend Wellness is vertically integrated, engaging in the cultivation, manufacturing, and distribution of cannabis consumer packaged goods. It operates state-of-the-art cultivation facilities, producing award-winning strains and a curated selection of premium products. The company's products are sold through its own retail stores as well as third-party licensed cannabis retailers, with the majority of its revenue generated from the retail segment. Ascend Wellness aims to redefine the cannabis marketplace by breaking down traditional barriers and enhancing the overall consumer experience.

Flow Cannabis

Series A in 2018
Formed in 2015 with the launch of its top-selling flower line as its flagship brand (Flow Kana), Flow Cannabis Co. aims to build a more sustainable future. Headquartered in Mendocino County - the “gateway” to California’s famed Emerald Triangle region - Flow Cannabis Co. offers a wide range of California’s top-selling cannabis CPG brands and a series of services including processing, co-packing, manufacturing, white-labeling, and distribution to a growing list of partners at various levels of the supply chain who share our values and vision of building a sustainable and inclusive cannabis industry.

Front Range Biosciences

Venture Round in 2017
Front Range Biosciences brings modern agriculture to cannabis and hemp to improve reliability, efficiency, and safety for cultivators and consumers. They provide advanced agricultural science services to plant growers.

Wurk

Seed Round in 2017
Wurk is the leader in HR, Payroll, and Payment technology servicing the fastest-growing emerging industry, cannabis! Wurk's proprietary Compliant Payment Cloud underwriters cannabis businesses enabling them to process payments for payroll, taxes, 401k, benefits, and more positioning Wurk as the largest payments processor in the industry. Their SaaS HCM Cloud provides Modern HR, Payroll, Time & Attendance, Scheduling accessible on any device, including tablets and mobile. Wurk's Intralytics Cloud (integration meets analytics) connects the industries leading technology providers allowing operators to combine and analyze data to inform mission-critical decisions. Wurk is also assembling this data to provide industry benchmarks to help operators compare their KPIs to the trends of the industry. Wurk's unique platform is proving that Human Capital Management, Workforce Management, and Payment technology providers can add significant value to their customers by focusing on their vertical-specific needs. Wurk was founded in August 2015 by Keegan Peterson. And it is headquartered in Denver, Colorado.

Front Range Biosciences

Seed Round in 2017
Front Range Biosciences brings modern agriculture to cannabis and hemp to improve reliability, efficiency, and safety for cultivators and consumers. They provide advanced agricultural science services to plant growers.

Headset

Series A in 2017
Headset Inc. operates a cannabis market intelligence platform that delivers real-time insights to various stakeholders in the cannabis industry, including producers, processors, and retailers. Founded in 2015 and based in Bellevue, Washington, the company offers a suite of tools, including Headset Insights Pulse, which contextualizes industry data at multiple category levels. This platform enables cannabis business owners, investors, and media professionals to track market trends, assess competitive landscapes, and evaluate product positioning. Additionally, Headset provides tailored analytics for dispensaries and retailers, focusing on sales performance, inventory management, and brand strategy. By aggregating data from various sources, Headset helps clients make informed decisions and stay ahead of emerging trends in the rapidly evolving cannabis market.

Treez

Seed Round in 2016
Treez, Inc. is a software company that develops a retail management platform specifically for the cannabis industry in the United States. Founded in 2016 and based in Oakland, California, Treez offers an enterprise-grade, cloud-based solution that streamlines retail and supply chain operations for medical marijuana dispensaries. Its platform includes essential features such as point of sale, inventory management, and omnichannel sales capabilities, all designed to ensure regulatory compliance throughout the supply chain. Additionally, Treez connects brands with retailers through a centralized catalog and provides real-time market insights. The platform's open API allows for seamless integration with various third-party solutions, enhancing operational efficiency and enabling retailers to adapt to industry changes while maximizing customer value and expanding market presence.
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