Poseidon Asset Management
San Francisco, California, United StatesFounded 2013
Poseidon Asset Management is a venture capital firm founded in 2013 that invests exclusively in the cannabis industry. Founded by siblings Emily and Morgan Paxhia, it was one of the first dedicated cannabis investment funds, deploying capital across licensed operations and ancillary products and services.
Average disclosed round size is $12.0M (across 20 rounds with reported amounts).
Portfolio
15
Fund Size
—
Top Stage
Unknown
Last 12 Mo
0
Team
Emily Paxhia
Managing Partner
Morgan Paxhia
Managing Partner
Patrick Rea
Managing Director
Colin Ferrian
Portfolio Manager
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
22 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Distru | Series A | $6M | Nov 2024 |
 Sunburn | Unknown | — | Aug 2024 |
 Happy Cabbage | Unknown | — | Nov 2022 |
 Flowhub | Growth | $19M | Oct 2021 |
 Adaviv | Seed | $2.3M | Jul 2021 |
 BastCore | Series A | $2.8M | Apr 2021 |
| Flowhub | Series A | $23M | Oct 2019 |
 Flowhub | Series A | $23M | Oct 2019 |
 Confident Cannabis | Series A | $12M | Jan 2019 |
| AAscend Wellness | Series B | $40M | Dec 2018 |
 MAINSTEM | Series B | $2.2M | May 2018 |
 Wurk | Bridge | $3.2M | Apr 2018 |
| Wurk | Bridge | $3.2M | Jan 2018 |
| AAscend Wellness | Unknown | $40M | Jan 2018 |
 Copperstate Farms | Unknown | $35.6M | Jan 2017 |
 Meadow | Seed | $2.1M | Apr 2016 |
| TTradiv | Seed | $1M | Oct 2015 |
| Flowhub | Seed | $500K | Jun 2015 |
| Flowhub | Unknown | $500K | Jun 2015 |
 Dispense | Seed | $2M | — |
| BastCore | Unknown | $2.4M | — |
| Flowhub | Series B | $19M | — |
Top Co-Investors
Headline6 shared
Phyto Partners4 shared
Altitude Investment Management4 shared
9Yards Capital2 shared
Y Combinator2 shared
Merida Capital Holdings2 shared
Delta Emerald Ventures2 shared
Leo Capital2 shared
Global Founders Capital1 shared
Founders Fund1 shared
Viola Ventures1 shared
Slow Ventures1 shared
Soma Capital1 shared
SV Angel1 shared
Scale Venture Partners1 shared
Greenoaks Capital1 shared
NextView Ventures1 shared
Arrive1 shared
New Stack1 shared
LeFrak1 shared
Last updated: 20 October 2026