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Venture Capital

New To Market Cbd, Wellness Brand, Kaleidoscope Labs, Announces Close Of $4M Seed Round

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NEW YORK, July 8, 2019-- Rising functional wellness and CBD brand, Kaleidoscope Labs, which launched on July 1, has raised a $4M seed round support their expansion efforts. New York-based venture capital firm RRE Ventures led the round with participation from Barry Rosenstein, founder of JANA Partners. Kaleidoscope Labs is one of few wellness or CBD-based brands that RRE Ventures has historically invested in. Filling an observed hole in the current market of CBD products, Kaleidoscope offers a semi-customized CBD based capsule utilizing a microencapsulation technology to increase the bioavailability of the CBD and the other ingredients in each pill.

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