Fyllo, an Israeli startup that develops compliance-first SaaS solutions for highly regulated industries, such as cannabis, has closed a $40 million Series C round of funding led by Eminence Capital. New venture firms that participated in the round include Longview Capital Advisors and ArrowMark Partners. Fyllo has raised $60 million to date.
Founded in 2019, Fyllo boasts that it is leading the development of much needed compliance, data and marketing solutions to enable companies in highly regulated sectors like cannabis to scale effectively. Today, companies across the cannabis supply chain rely on Fyllo’s compliance-first solutions to navigate the industry’s ever-changing regulatory environment. For both cannabis and mainstream brands, Fyllo’s Data Marketplace provides unparalleled access to cannabis and CBD audiences, a lucrative and rapidly growing consumer segment.
The Fyllo Compliance Cloud is a suite of software and services that enable organizations to navigate today’s ever-changing regulatory landscape, streamline compliance, and scale with speed. Mainstream brands also use the Fyllo Data Marketplace to target previously inaccessible cannabis and CBD consumers.
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“In 2021 demand for our products skyrocketed,” said Chad Bronstein, CEO and founder of Fyllo. “We couldn’t be happier to work with Eminence Capital, a trailblazing firm known for investing in innovative, high-growth industries.”
Here’s your weekly Cannabrief.
— Fyllo Compliance Cloud (@hellofyllo) November 8, 2021
One Fyllo client is Caliva. With 482 municipalities in California, Caliva must proactively review cannabis activity and make smart decisions based on emerging trends. Manually tracking localities can be extremely time consuming and risks missing crucial changes that could affect their business.
Calvia uses Fyllo’s Calendar View and Daily Digests to help them keep pace with the volume and velocity of activity in California. Not only does their team quickly identify important dates, meetings and information, they also anticipate when new local opportunities will arise, giving their sales team a head start in key battleground markets.