Software-as-a-service provider finalizes deal, led by Bank Communications and Xeraflop Technologies Inc.
SEATTLE — Feb. 1, 2017 — düber Technologies Inc., a software-as-a-service (SaaS) provider serving the cannabis industry, today announced it has completed a convertible debt private placement of $5 million, led by Bank Communications and Xeraflop Technologies Inc., both headquartered in Vancouver, Canada.
“At düber, we are committed to helping small companies compete with large corporations through superior technology while remaining compliant with state regulations,” said Glenn Ballman, founder of düber. “The support of companies like Bank Communications and Xeraflop Technologies Inc. has allowed us to continue our efforts to offer an integrated, omnichannel, network to local suppliers and retailers.”
“As the cannabis industry grows exponentially in a short period of time, there is a great need for a support system to sustain that growth,” said Tirta Liu, President at Bank Communications. “düber has the vision and technology to do that, and we are happy to contribute to developing its business.”
About düber Technologies Inc.
Headquartered in Seattle, WA, düber Technologies Inc. is a software-as-a-service (SaaS) provider serving the cannabis industry. düber’s mission is to help small companies compete with large corporations through superior technology. The company currently provides customers with online ordering, self-serve systems, global product search, digital signage and advertising products and has plans to launch several more including retail point of sale and a home delivery engine for retailers. düber operates in state jurisdictions that have legalized both medical and recreational cannabis, and assists with compliance of the laws of these jurisdictions. To learn more about düber Technologies Inc., please visit www.duberpartners.com.