Home Celebrity Buzz Snoop Dogg’s Venture Fund Raises $45 Million for Legal Weed Companies

Snoop Dogg’s Venture Fund Raises $45 Million for Legal Weed Companies

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Snoop Dogg Venture Fund Raises $45 Million

The Hip-Hop generation is known for it’s hustle – there’s no denying that. Last year Nas made headlines when it was realized the legendary emcee was also a venture capitalist, making bank in the world of tech. Is it any surprise then, that Snoop Dogg, another legendary emcee, also has a venture capital fund?

Casa Verde Captial – Snoop’s fund – just raised $45 million from investors to be used to invest in early-stage startups focused on the cannabis industry. The Doggfather rapper has already committed to eight different investments.

According to Digital Music News:

In a recent chat with TechCrunch, [managing partner] Wadhera spoke about some of the companies that Casa Verde is eyeing.  “We’re writing seed-stage to Series A-size checks, so $1 million plus, with roughly half our fund reserved for follow-on investments, where we can write another $3 million to $5 million [to a limited number of breakout companies],” Wadhera noted.

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It should also be noted that the same managing partner quoted above also said the company will only work in ancillary markets – not investing in companies that actually deal with the plants.

It’s always been a hustler’s mentality to think when there’s a gold rush, sell shovels.

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