What is Fyllo?
Fyllo operates a sophisticated platform offering enterprise-grade software and services tailored for the cannabis industry. Its core offering includes a comprehensive database of federal, state, and local cannabis laws and regulations. The company delivers advanced data, media, and compliance solutions designed to meet the evolving needs of this sector. Founded in 2019 and headquartered in Chicago, Illinois, Fyllo aims to provide essential tools for businesses navigating the complex regulatory landscape of the cannabis market.
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, J.W. Asset Management, Arcadian, Salveo Capital, and Phyto Partners
Series B (2021): $30M supported by J.W. Asset Management LLC and SOL Global Investments Corp.
Other Financing Round (2021): $410K featuring Titan Capital, Indian Angel Network, and Lead Angels
Series C (2021): $40M backed by LONGVIEW CAPITAL ADVISORS, Eminence Capital, 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. The firm employs a long-term, entrepreneurial approach to investing, leveraging its flexibility and extensive industry knowledge to identify unique opportunities in both public and private equity markets.
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. The company aims to empower entrepreneurs by partnering with driven individuals and providing support beyond just capital.
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. The company has successfully contributed to the growth of the Cannabis industry and is now applying its investment strategy to the psychedelic-focused Phyto Psyche fund.
What's next for Fyllo?
The substantial enterprise-level funding and recent strategic investment suggest Fyllo is poised for significant expansion and further development of its data, media, and compliance solutions. This capital infusion will likely fuel advancements in its platform, broaden its market reach, and potentially support strategic acquisitions or partnerships. The company's trajectory indicates a strong focus on solidifying its position as a leader in cannabis industry technology and regulatory intelligence.
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