CHICAGO, IL, Fyllo has closed an oversubscribed Series B round totaling $30 million.
Fyllo, the leader in digital marketing and compliance solutions technology for highly regulated industries, including cannabis, has closed an oversubscribed Series B round totaling $30M co-led by JW Asset Management and Sol Global. Additionally, Peter S Kraus, chairman and, CEO of Aperture Investors and former AllianceBernstein CEO joins the Company's Board of Directors.
Of note, sixty percent of the funds raised in the Series B comes from outside of the cannabis industry, underscoring the maturity of the burgeoning cannabis market and validating the Company's potential to scale beyond the endemic market to address similar challenges faced in other highly regulated industries. Round participants include K2, Entourage Effect Capital, George Steinbrenner IV, Arcadian Capital Management, Salveo Capital, and 2 NRP Managers, LLC an investment group led by Ben Lurie.
The Fyllo Compliance Cloud is a suite of software and services built to overcome the complexities of highly regulated industries. We deliver data, media, retail and regulatory solutions that enable organizations to streamline compliance, increase efficiencies, and scale with speed. Mainstream brands also seek out Fyllo's Data Marketplace to target previously inaccessible cannabis and CBD consumers.
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