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Peter Thiel
Founders Fund invests millions in cannabis venture Privateer Holdings
Founders Fund invests millions in cannabis venture Privateer Holdings

The nation’s burgeoning legal cannabis industry now has a major tech player on its side. Founders Fund, a leading San Francisco venture capital firm, said Thursday it was making a multimillion-dollar investment in Privateer Holdings, a private equity firm that’s backed Leafly, a Yelp-like website for marijuana dispensaries, strains and doctors, and Marley Natural, a premium cannabis brand founded by family of the late reggae legend. Founders Found is a heavyweight in Silicon Valley circles, led in part by PayPal co-founder Peter Thiel. The firm’s $2-billion portfolio includes Airbnb, Lyft and Spotify. It’s known for its moonshot investments such as its one in...

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