Komplyd, a San Jose, CA-based provider of an automated platform that allows cannabis companies to establish and maintain compliance across multiple jurisdictions with a single API integration, raised an undisclosed amount in Seed funding.
The round was led by Poseidon and Achari Ventures.
The company intends to use the funds to execute on its national expansion strategy.
Co-founded by Rose Elliott and Audrey Fernandez-Elliott, Komplyd is a tool for cannabis companies to integrate multi-jurisdiction regulatory compliance features into their applications through a single integration. The platform is architected for scalability, availability, performance and security.
Built on a common data model, Komplyd provides protective guardrails and automated workflows across multiple states, counties and local municipalities through its AI-driven compliance engine.
The company also announced the appointment of three Board Directors, including Patrick Rea of Poseidon Garden Ventures, Vikas Desai of Achari Ventures, and Tushar Shah, an expert in compliance and risk management technology whose prior roles included CTO/SVP of Platforms at PayPal and SVP of Technology at Bank of America.
FinSMEs
10/08/2022