Flowhub today announced the closing of $19 million in strategic funding, bringing the total amount of capital raised to nearly $50 million with a valuation of over $200 million. The financing was led by venture firms Headline and Poseidon, and included a personal investment from world-renowned rapper, entrepreneur and entertainment mogul Shawn "Jay-Z" Carter.

Flowhub is the cannabis retail software company that helps dispensaries by providing compliance, point of sale, inventory tracking and business intelligence solutions. As the first Metrc integrator with first-to-market mobile check in and inventory management applications, Flowhub processes over $3 billion in cannabis sales annually and empowers more than 1,000 cannabis retailers to simplify their daily dispensary workflows. Flowhub is proud to be a founding director of the Cannabis Trade Federation and the U.S. Cannabis Council committed to advancing social equity and federal cannabis legalization. The company has awarded over $1 million in free software products through its social equity program. Founded in Denver in 2015, Flowhub is a privately held, remote-first company.