Fast-growing marijuana investment firm Privateer Holdings raises another $58M to fuel expansion

Privateer Holdings is raising another big investment round to fuel rapid growth of its marijuana-related subsidiaries as more governments legalize the use of cannabis.

The Seattle-based investment firm has reeled in an additional $58 million — a mix of equity and a convertible note — which is part of a larger round that Privateer expects to close at around $100 to $150 million.

This pushes total funding to date to $140 million for the seven-year-old company, which is not disclosing specific investors behind the new cash infusion.

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