What is Fyllo?
Founded in 2019 and headquartered in Chicago, Fyllo provides a sophisticated platform of enterprise-grade software and services designed to navigate the complex landscape of cannabis laws and regulations. By maintaining a comprehensive, real-time database of federal, state, and local mandates, Fyllo delivers critical data, media, and compliance infrastructure. The company serves as a vital bridge for businesses operating in the cannabis industry, enabling them to scale operations while mitigating regulatory risk through advanced technological integration and market intelligence.
How much funding has Fyllo raised?
Fyllo has raised a total of $96.4M across 5 funding rounds:
Angel/Seed
$16M
Series A
$10M
Multiple Rounds
$70.4M
Angel/Seed (2019): $16M with participation from J.W. Asset Management and K2 & Associates
Series A (2020): $10M led by K2 & Associates, Arcadian, Salveo Capital, Phyto Partners, and J.W. Asset Management
Series B (2021): $30M supported by SOL Global Investments Corp. and J.W. Asset Management LLC
Other Financing Round (2021): $410K featuring Titan Capital, Lead Angels, and Indian Angel Network
Series C (2021): $40M backed by Eminence Capital, LONGVIEW CAPITAL ADVISORS, and ArrowMark Partners
Key Investors in Fyllo
J.W. Asset Management
JW Asset Management is an SEC-registered investment adviser based in New York City, specializing in investments within the healthcare sector and managing over $1 billion in assets.
Salveo Capital
Salveo Capital is focused on funding the future of the legal cannabis industry by applying institutional quality discipline to company vetting, investment structures, and portfolio management.
Phyto Partners
Phyto Partners is a Venture Capital Fund specializing in Neurowellness and Brain Health, aiming to capitalize on the emerging megatrend in mental wellness.
What's next for Fyllo?
With the infusion of $40M, Fyllo is well-positioned to accelerate its product development roadmap and expand its footprint in the burgeoning cannabis technology ecosystem. The company's strategic focus will likely center on deepening its regulatory intelligence capabilities and enhancing its media-buying platform to meet the evolving needs of enterprise clients. As the legal cannabis market continues to mature, Fyllo's ability to provide reliable, data-driven compliance solutions will be a key driver of its long-term growth and competitive advantage in the sector.
See full Fyllo company page
