Fyllo, a Chicago, IL-based provider of advanced data, media and compliance solutions powered by a database of cannabis regulations, raised $10m in Series A2 financing.
The round, which brought total funding to date to $26m, was led by existing investors JW Asset Management and K2 & Associates with participation from current investors Arcadian, Salveo Capital and Phyto Partners.
The company intends to use the funds to advance its data, media and compliance solutions and accelerate expansion into other highly regulated industries.
Led by Chad Bronstein, CEO, Fyllo provides a suite of enterprise-grade software and services powered by RegsTechnology, a large database of cannabis laws and regulations at the federal, state and local level. The system delivers advanced data, media, and compliance solutions that are built for the complexities of highly regulated industries.
Since its launch in 2019, the company’s customer base has grown to include some of the most iconic brands in cannabis. And with its recent release of the Fyllo Data Marketplace, mainstream marketers can now leverage cannabis-endemic audience data for digital advertising.
FinSMEs
12/08/2020