Fyllo, a Chicago, IL-based provider of compliance-first SaaS solutions for highly regulated industries, raised $40M in Series C funding.
The round was led by Eminence Capital with participation from Longview Capital Advisors, ArrowMark Partners, JW Asset Management, K2 Asset Management, Arcadian Capital Management, Phyto Partners, and Salveo Capital. Concurrent with this raise, Kristopher Koka, Portfolio Manager, Eminence Capital will be joining the Company’s Board of Directors.
The company intends to use the funds to continue to hire talent, make acquisitions to enhance the technology stack following the February 2021 purchase of retail and marketing platform DataOwl.
Led by Chad Bronstein, CEO and founder, Fyllo is advancing compliance, data and marketing solutions to enable companies in highly regulated sectors like cannabis to scale. The company’s Compliance Cloud is a suite of software and services that enable organizations to navigate today’s regulatory landscape, streamline compliance, and scale with speed. Mainstream brands also use the Fyllo Data Marketplace to target cannabis and CBD consumers.
Since the beginning of the year, Fyllo’s business has grown over 100%, and its team has grown by nearly 275%, with the addition of executives from Twitter, Salesforce and major cannabis brands.
FinSMEs
08/11/2021