Alt Thirty Six

company

About

Alt Thirty Six redefines the cannabis landscape by offering the first and only compliant digital payment solution.

Details

Last Funding Type
Grant
Last Funding Money Raised
$670K
Industries
Blockchain,Cannabis,E-Commerce,FinTech,Payments,Software
Founded date
Mar 15, 2015
Number Of Employee
11 - 50
Operating Status
Active
Legal Name
Alternate36, Inc.

Alt Thirty Six redefines the cannabis landscape by offering the first and only compliant digital payment solution.

Alt Thirty Six platform is a user-friendly, cost-effective, and fully compliant solution to the cannabis industry’s current reliance on cash and deceptive use of credit cards. The proprietary technology offers the merchant near-real-time settlement of funds while minimizing the risk of fraud. Most importantly, the Alt Thirty Six platform virtually eliminates the high cost, risk, and inefficiencies associated with using all-cash and credit cards.

Aiming to position itself for the long run, Alt Thirty Six has taken a different approach. Rather than circumvent the rules, Alt Thirty Six believes the key to success in this industry can be achieved only through absolute compliance and transparency. Therefore, while others look for a quick way to market, Alt Thirty Six invested the necessary time and capital to build a fully compliant and robust payment platform designed specifically for the cannabis industry.

Through its proprietary technology and established banking relationships, Alt Thirty Six enables cannabis merchants to seamlessly accept electronic payments in-store and online via the ACH network, while simultaneously storing transaction records on the Dash blockchain for record-keeping.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
4
$11.61M
Alt Thirty Six has raised a total of $11.61M in funding over 2 rounds. Their latest funding was raised on Apr 23, 2019 from a Series A round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Apr 23, 2019 Series A $10M Detail
Oct 1, 2017 Grant $670K Detail
Apr 26, 2017 Seed $450K 2 Detail
Apr 21, 2017 Grant $496K 1 Detail

Investors

Number of Lead Investors
Number of Investors
3
Alt Thirty Six is funded by 3 investors. Charles Margenthaler and Robert Murphy are the most recent investors.
Investor Name Lead Investor Funding Round
Charles Margenthaler Seed
Robert Murphy Seed
Dash Core Group Grant

Employee Profiles

Number of Employee Profiles
13
Alt Thirty Six has 13 current employee profiles, including Executive Ken Ramirez
Executive
Board member
Executive
Board member
Board member