Sproutways

Global premium genetics marketplace | Amazon for Genetics

San Jose, CA Marketplace B2B Data Licensing eCommerce Licensing & OEMs Marketplace Subscription Wholesale Generating Revenue
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Summary Problem Solution Industry Landscape
Sproutways is Amazon for Genetics, a cannabis market-networks platform with unprecedented access to reliable, high quality genetics to fulfill the needs of commercial and cannabis-aficionado growers while serving the high-growth legal cannabis market. Sproutways has established a central digital platform with comprehensive genetics profiles, grower educational insights, unique custom breeders' diaries, and marketplace data to optimize licensed operators' business practice and allow producers no matter size or location, access to premium-quality, clean and unique genetics for industrial, recreational, and medicinal needs. Genetics has been the key ingredient in the supply chain to dictate and influence the quality, value, and longevity of cannabis plants and their byproducts, from seed to sale. Sproutways has the genetics library exceeding 2,000+ unique cultivars and varieties of landrace, heirloom, and hybrid, from 38 countries with dozens of industry recognition and cup awards.
1) The mega-billion cannabis industry is in a period of massive expansion and market correction where companies are jumping in to make money selling directly to consumers, but the supply chain is still very antiquated. There are still currently lack of focus and insights on optimizing an efficacy of genetics supply chain to guarantee predictable quality with reliable cost while minimizing crop losses.

2) New varieties and sustainable genetics preservation are needed by growers on a per growing-cycle as genetics cultivated from 2nd generation plants will continue to degrade in quality, yield and vigor. With the cannabis market progressing at a highest rate of speed, the needs for diverse, premium-quality genetics are at an unprecedented level to differentiate the burgeoning market.

3) Federal and state regulators are tightening enforcement on licensing and compliance (centralized registration) to the very beginning of supply chain, the core genetics such as seeds.
Sproutways leads the global premium lifestyle-driven cannabis genetics market-networks platform by providing exclusive access to the most diverse, unique, and largest METRC (state-wide track and trace system) registered and compliant genetics library. We have established a central genetics platform library for credible sourcing of premium genetics and their rich plant science, compound, and growing insights and is the most trusted source for producers who want differentiated, premium-quality, robust plants with greatest vigor. Our genetics education is backed by ~50 years of genetics and plant science experience and unprecedented collections of 2000+ genetic varieties, aggregated and crafted with discipline and passion over five decades. We scale the supply chain through unified marketplace, accelerating the sourcing to distribution to sales workflow with in-depth professional care and quality of service to optimize production, transparency, and accessibility to all customers.
The global legal marijuana market size is expected to reach USD 66.3 billion by the end of 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 23.9% during the forecast period. Growing adoption of cannabis as a pharmaceutical product for treating severe medical conditions, such as cancer, Parkinson’s disease, Alzheimer’s disease, arthritis, and other neurological conditions is anticipated to drive demand for medical marijuana in the forthcoming years. Increasing need for pain management therapies and growing disease burden of chronic pain among elders is also expected to boost demand. Genetics diversity and global access to analysis of those crucial compounds is at the forefront to achieve those growth and market viability. U.S. legal cannabis market was valued USD 11.9 billion in 2018 and is anticipated to expand at a CAGR of 24.1% from 2019 to 2025. U.S. will garner upward of 70+% of the global cannabis market capitalization.

Funding Overview

Seed
Current Funding Stage
$ 50,000
Raised in Previous Rounds
$ 100,000
Raised in Current Round
$ 1,500,000
Goal for Current Round
Key Facts and Traction Press, Updates and Events Funding History
  • Contractual partnership with the most extensive compliant vertically integrated greenhouse operator in California, Waverider, well-known to hundreds of growers in CA, with over 250,000 Sq.Ft. of canopy size and 10 licenses.
    February 1, 2020
  • Reached 6-figure ($) revenue with over 50% Q/Q growth rate.
    December 30, 2019
  • Acquired up to dozen dispensaries as partners and direct genetics re-sellers to California home growers/consumers.
    November 30, 2019
  • Contractual partnership with progressive licensed operators in the bay area with tight alignment with the California equity program, with over 40 retailer direct connections.
    July 20, 2019
  • Onboarded a high-profile global supply chain marketing executive from Safeway and Blackhawk Networks as the first female executive advisory board member.
    June 10, 2019
  • Reached total of 150+ B2B platform (paid) customers - licensed operators and cannabis ancillary service providers.
    May 14, 2019
  • Partnership with world-recognized legendary breeders to exclusively market genetics library exceeding 2,000+ unique cultivars and varieties of rare landrace, heirloom, and hybrid strains collected from 38 countries worldwide with dozens of industry recognition and cup awards.
    April 15, 2019
  • Raised $50,000 external funding.
    March 11, 2019
  • Acquired 50 cannabis-relevant business customers within our platform.
    November 11, 2018
  • $50,000 September, 2020
    Individual Angel.

Gallery

The Team

Joseph Armand Sulistyo

Founder and CEO
MSc and BSc from University of Texas

Roy Chua

Executive Advisor | COO
MSc from University of California, Berkeley and MBA from MIT.

Paul Aplin

VP of Marketing

Teri Llach

Executive Advisory Board Member | CMO
MBA from University of California, Berkeley; BSc from University of San Diego.

Jake Tital

Head of Business Development

Benjamin Lehman

Creative Director

Steve Goodenough

Technical Advisory Board | Cannabis Genetics

Michael Fratis

Technical Advisory Board | Cannabis Genetics

John Fowler

Technical Advisory Board | Cannabis Genetics

Joseph Armand Sulistyo

Founder and CEO
Executive with 20+ years in cloud, enterprise software, IoT/smart system technology, and supply chain marketplace | 15+ years as senior management and executive in private and public companies – small, medium, large enterprises | $100M+ business management experience in biz dev, sales, marketing and product management | 3 Exits | MSc and BSc from University of Texas. Joseph's agriculture supply chain and agriculture plant production drive and experience comes from multi generations, family-based herbal production company, based in Indonesia. Sido Muncul (https://www.sidomuncul.com/) founded in the 1950’s by his great grandmother, Ibu Rakhmat Sulistyo (Go Djing Nio), is one of the largest vertically integrated herbal company worldwide. It’s world renowned in the highest quality of herbal supplements and hold top industry’s ISO certifications in manufacturing, R&D/lab, distribution, and consumer packaging. Joseph is a seasoned business leader with a compelling ability to create products and services that fill gaps in the marketplace and drive significant revenue for organizations. He is an accomplished Corporate Executive, Investor, Small Business Entrepreneur, and Board Member with more than 20 years of success across vertically integrated supply-chain operations and distribution, technology sectors such as the cloud computing technologies, enterprise software and systems integration, telecommunications as well as open source platform framework and global community development. Throughout his career, Joseph has held management and technical leadership positions at a variety of companies including Cisco, Brocade, Radisys Corporation, Open Networking Foundation, and various small businesses and tech startups as well as the education sector. He also served as a strategic board member and executive advisory member for progressive companies that are transforming the digital food sourcing, marketplace, and social network, as well as supply chain automation industry.

Roy Chua

Executive Advisor | COO
Entrepreneurial executive with 20 years of experience in the enterprise cloud infrastructure, networking and security industry | Proven track record in launching companies and forming teams that build successful revenue-generating and award-winning products in both enterprise and service provider space. Strong background in cloud platforms, next-generation security, 5G, Edge Computing/IoT and SDN and NFV initiatives. Demonstrated success in building teams, shepherding products from concept to successful launches, dominating competitive market spaces and winning key industry awards and favorable press reviews. Unique ability to understand core competencies in teams and companies, leveraging those into effective market penetration programs across key industry verticals. |~$50M - $100M business and technical development experience | ~$25M funding raise success | 4 Exits | MSc from University of California, Berkeley and MBA from MIT.

Paul Aplin

VP of Marketing
Entrepreneurial executive with 35 years of experience in digital and print media and advertisement, branding, product marketing, and event marketing | “Early” Apple branding and product marketing team | 5+ years of experience as professional lecturer/educator in University of California systems | ~$20M business management experience | 4 exits.

Teri Llach

Executive Advisory Board Member | CMO
Executive Advisory Board of Sproutways | CMO of Krome Photos | Co-Founder and CMO of Blackhawk Networks (NASDAQ: HAWK) | Group Vice President at Safeway Corp | 1 Exit – $3.2 Billion Exit through Blackhawk Networks.

Jake Tital

Head of Business Development
Entrepreneur with over 10+ years of experience in cannabis and traditional agriculture industry | Cultivator of one of California premium vertically integrated cannabis operator in Monterrey county | Rising star entrepreneurs in over four startups covering social networking platform cannabis, BitCoin trading platform, mobile gaming, and digital marketing and rich media platform | 2 Exits.

Benjamin Lehman

Creative Director
Entrepreneur and digital media whizz with over 10+ years of experience in advanced digital imaging, design graphic, animations, and videography | Digital marketing lead/creator for over 500+ digital projects completed with Facebook, HP, RedHat, VMware, Sumo Logic, Earthlink, and many more.

Steve Goodenough

Technical Advisory Board | Cannabis Genetics
World renowned “legendary” cannabis influencer, breeder and cultivator since 1980s based in Santa Cruz, CA | Owner and founder of Bodhi Seeds – breeding company with over 600+ of rare landrace, heirloom, and award winning premium hybrid strains | Over $5M genetics business, sales, and breeding experience | Over 80,000+ social media followers.

Michael Fratis

Technical Advisory Board | Cannabis Genetics
World renowned “legendary” cannabis influencer, breeder and cultivator since 1969 based in Santa Cruz, CA | Board member and Head breeder/preservationist for Phylos Bioscience | President of Coastal Seed CO – breeding company with over 250+ of rare landrace and heirloom genetics/strains intellectual properties | Over $3M genetics business, sales and breeding experience | Over 12,000+ social media followers.

John Fowler

Technical Advisory Board | Cannabis Genetics
World renowned “legendary” cannabis influencer, breeder and cultivator since 1980s based in Mendocino county | Owner and founder of Legendary Genetix – breeding company with over 1,000+ of rare landrace, heirloom, and award winning premium hybrid strains | Over $2M genetics business, sales, and breeding experience | Over 5,000+ social media followers.
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