Thankyoujane closes financing round

The Munich-based CBD start-up was able to raise a mid-six-figure sum. It intends to use the money to develop new products, among other things.

The CBD start-up Thankyoujane has not disclosed the exact amount. However, the company, which was founded in 2017, says it has completed seed financing in the mid-six-figure range. The money comes from existing investors, while Torus Capital is a new investor.

Thankyoujane offers CBD oils, CBD capsules and CBD crystals, among other things, via its website of the same name. According to the start-up, it quadrupled its turnover last year. "Our vision is to create well-being for our customers based on the hemp plant," says CEO Sven Kalies. "Because we are able to convince more and more customers with this approach, our company is developing dynamically and will generate a mid-seven-figure turnover this year," Kalies continues.

CBD is an active ingredient contained in the cannabis plant. Together with THC, CBD is one of the best known. As CBD can also have an intoxicating effect depending on the dose, there are repeated legal disputes about products containing CBD. Thankyoujane intends to use the money to develop further products containing CBD.