WAYV is an automated, on-demand supply chain logistics platform serving California’s exploding legal cannabis industry. The technology streamlines the traditional B2B process, including transport, sales, and payment through a one-stop website that integrates regulatory and compliance checks. WAYV serves as a transparent, efficient tracking and compliance platform that is creating a new standard and surpasses the fulfillment experience of non-cannabis markets in today’s on-demand world.
Using modern technology and industry insight we strive to build the solution which solves the inefficiencies, compliance, and operational issues that affect many areas of the cannabis world today. It is truly a unique opportunity to be able to introduce streamlined technology solutions to both define and grow processes that will ultimately help the cannabis space grow to its true potential
Keith McCarty couldn’t stay out of the booming weed business for long.
The co-founder and former chief executive officer of the well-funded marijuana delivery startup Eaze has launched WAYV, a B2B cannabis logistics and compliance platform that delivers inventory to cannabis retailers. Today, the company is announcing its first round of funding, a $5 million seed round led by David Sacks at Craft Ventures. The round represents the former PayPal executive’s first investment in the cannabis technology sector.
Other investors in the round declined to be named.
McCarty and Sacks previously worked together at Yammer, a private social networking tool used by businesses created by Sacks in 2008. The company sold to Microsoft in 2012 for $1.2 billion, giving McCarty and several others enough cash to experiment. For McCarty, that meant exploring the hazy and uncharted territory that was marijuana delivery.
McCarty, however, mysteriously left Eaze right as the company gained significant traction. Neither the company nor McCarty ever explained the shake-up; McCarty was quickly replaced by another former Yammer employee, Jim Patterson, the founder and former CEO of Zinc. In a conversation with TechCrunch, McCarty didn’t clarify the nature of his exit.
He did say that the idea for WAYV came from observing the difficulties of cannabis supply chain logistics during his time at Eaze .
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