Vangst

KTH Holdings, Inc. is a US-based company that provides innovative staffing solutions specifically designed for the cannabis industry, connecting qualified candidates with employers through a comprehensive platform. Founded in 2015 and headquartered in Denver, US, KTH Holdings, Inc. operates as a staffing firm in the cannabis sector.

The company was established by Karson Humiston, who has a history of entrepreneurship in the cannabis space. It has successfully raised a total of USD 19. 00 mn, with its most recent funding round being a Series B in December 2021, led by Level One Fund and supported by various investors, including Achari Ventures and Casa Verde Capital. The company has completed three deals to date.

KTH Holdings, through its Vangst platform, specializes in providing staffing solutions tailored for the cannabis industry. This includes the Vangst Job Board, which connects job seekers with employers, and the Vangst 360 Temp-To-Hire program that allows businesses to assess potential hires before committing to full employment. Additionally, Vangst offers training programs for employees, enabling them to earn recognized industry badges. The company operates in states where cannabis is legal, including California, Colorado, and Illinois, serving a wide range of customers from small dispensaries to large enterprises.

KTH Holdings, Inc. generates revenue through a combination of subscription-based agreements for the Vangst Job Board and a pay-per-hire model for its Temp-To-Hire program. Businesses pay to list job openings or access candidate pools, while job seekers utilize the platform to apply for positions. The company also partners with employers to provide customized workforce management solutions, including payroll services in collaboration with Gusto, resulting in diverse revenue streams from both employers and job seekers.

In December 2021, KTH Holdings, Inc. raised USD 19. 00 mn in Series B funding, which will be utilized to expand its platform into new markets and launch new products. These initiatives will include new training and employee payment solutions tailored for cannabis businesses and employees.

The company aims to enhance its service offerings and reach additional geographic regions, although specific markets for expansion have not been disclosed.