Tech Company Financing Transactions
Hound Labs Funding Round
Benchmark Capital participated in a $8.1 million Series B venture round for Hound Labs. This venture round was announced by the company on 5/24/2017.
Transaction Overview
Company Name
Announced On
5/24/2017
Transaction Type
Venture Equity
Amount
$8,100,000
Round
Series B
Investors
Benchmark Capital (Mitch Lasky)
Proceeds Purpose
In addition to clinical trials, Hound Labs will continue to conduct field studies with law enforcement agencies in multiple cities across the country. Hound Labs plans to begin manufacturing the Hound marijuana breathalyzer in the fourth quarter of 2017.
Company Information
Company Status
Private & Independent
Industry
Electronics
Mailing Address
6114 LaSalle Ave. 507
Oakland, CA 94611
USA
Oakland, CA 94611
USA
Phone
Undisclosed
Website
Email Address
Overview
Hound Labs is a scientific device company that has developed patent-pending technology capable of rapidly, accurately, and inexpensively measuring recent marijuana use in a person's breath.
Management Team
Title
Name
Email & Social
Browse more venture capital transactions:
Prev: 5/24/2017: Mylo venture capital transaction
Next: 5/24/2017: Siva Power venture capital transaction
Share this article
Where The Data Comes From
We do our best to report on tech company VC transactions. VC transactions reported here are derived from publicly available VC deal announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs