Eaze
| Company type | Private |
|---|---|
| Industry | Cannabis delivery, Telemedicine |
| Founded | 2014 |
| Founder | Keith McCarty |
| Headquarters | San Francisco, California , United States |
Key people | Jim Patterson (CEO, from 2016) |
| Products | Medical cannabis delivery application, EazeMD telemedicine service, Eaze Insights analytics |
Number of employees | 81 (2017) |
| Website | www |
Eaze is a U.S.-based firm headquartered in San Francisco, California, which introduced a medical cannabis delivery application in 2014.
History
Established in 2014 by Keith McCarty, Eaze offers a mobile platform that links consumers with cannabis dispensaries throughout California. The organization itself does not engage in marijuana cultivation or direct sales and has earned the nickname the “Uber of Weed.” By 2017, Eaze's services were available in more than 100 cities across California.
During 2017, the company experienced a 300% increase in growth compared to the previous year, employing 81 staff members who managed approximately 120,000 deliveries each month for a user base of 250,000. According to customer surveys, 66% of users were male, 57% fell within the 22 to 34 age bracket, over half possessed a bachelor's degree, and 49% reported annual incomes exceeding $75,000. Vaporizer cartridge sales hit $1 million within just four months, with vaporizers being purchased by 31% of customers by late 2016.
In 2016, Keith McCarty resigned as CEO and was replaced by Jim Patterson, formerly the chief product and technology officer.
EazeMD
EazeMD is a telemedicine service operating in California that enables patients to obtain medical marijuana recommendations through online video consultations with licensed physicians. It stands as the largest telemedicine platform in California dedicated to marijuana referrals.
In June 2017, an incident occurred when a former employee of an affiliated doctor accessed patient information without authorization; however, no data breach involving Eaze’s own systems was detected.
Eaze Insights
Eaze Insights compiles data from user surveys to generate analytical reports on cannabis usage patterns. Their findings have been referenced by prominent business and media outlets including Seattle Weekly, Forbes, The Huffington Post, Business Insider, and Fortune, offering critical insights into cannabis market trends.
Financing
In April 2015, Eaze completed its Series A funding round, raising $10 million with support from various venture capital investors such as Snoop Dogg’s Casa Verde Capital. By October 2016, the company secured $13 million through Series B funding from five investors, establishing itself as the top-funded and fastest-expanding startup within the cannabis sector. In September 2017, Eaze obtained an additional $27 million in venture capital led by Bailey Capital, alongside contributions from DCM Ventures, Kaya Ventures, and FJ Labs. Overall, since its founding in 2014, the company had amassed over $52 million in investment capital by 2017.