FYLLO, A PROVIDER OF SOFTWARE TO HELP CANNABIS COMPANIES WITH MARKETING, ANALYTICS, AND COMPLIANCE, RAISES $30M SERIES B, BRINGING ITS TOTAL FUNDING TO $60M (GORDON GOTTSEGEN/BUILT IN CHICAGO)
Fyllo Announces $30M Series B Round of Funding
This articale is about fyllo-30m-60mgottsegen-built-inchicago Fyllo is a software company that helps cannabis companies with marketing, analytics, and compliance. The company has raised a total of $60M in funding, including $30M in Series B. The company has plans to hire 20 to 30 new employees in Chicago. With more states legalizing recreational marijuana, more companies will need software to manage the industry. Fortunately, there are a few options.
Plans to bring on 20 to 30 new hires in Chicago
The funding round will be used to double the engineering team and expand operations. Fyllo, founded in 2012 by a former advertising executive, recently hired Katie Ford as COO. The company is based in the West Loop and also has offices in Arizona and Israel. It has raised $60 million to date. The most recent round was led by JW Asset Management with participation from Toronto-based biotech firm Sol Global.
Funding to be used to hire new talent
The cannabis industry requires enterprise-level software to help it scale. Fyllo provides a cloud-based platform for cannabis companies to manage marketing, analytics and regulatory compliance. It works with nearly every multi-state cannabis operator in the U.S. The company has recently acquired CRM cannabis company Data Owl and regulation database CannaRegs, and plans to double its engineering headcount.
Fyllo is building a new headquarters in Chicago, and the company plans to hire 20 to 30 new employees. These new employees will work in sales, marketing, and operations positions. The new Chicago office is part of a multi-city expansion plan. The company also plans to hire up to 30 engineers in Israel, and to open a site in Toronto.
20 to 30 new hires in Chicago
A recent $30 million Series B funding round for Chicago-based Fyllo has prompted the company to hire 20 to 30 new employees. The round was led by JW Asset Management and Sol Global and total funding for the company has now reached $60 million. The new capital will be used to expand the company’s reach and provide solutions to other highly regulated industries.
The funding will allow the company to double its engineering staff and scale its sales and operations teams. The company expects to double its current headcount within 12 to 18 months. The funding also allows Fyllo to pursue new acquisitions, including the recently announced acquisition of retail and marketing platform DataOwl.
Fyllo provides software and services that help cannabis companies navigate the complex regulatory environment. These services help clients streamline compliance and scale at a rapid pace. Its growing customer base is fueling a need for enterprise-level software for this sector.
New funding for Chicago’s fyllo
Chicago-based digital marketing and compliance solutions company Fyllo has secured $30 million in new funding. The round was led by JW Asset Management and Sol Global, bringing the total amount raised by the company since its launch to $60 million. The company will use the new capital to expand its services and expand its presence in other highly regulated industries.
Fyllo has received the funding it needs to expand its services and grow its business. The company’s software enables cannabis companies to market their products and manage compliance and analytics. Its funding round represents the largest round of funding for a Midwest company. The company is also the first startup to offer cannabis-compliant analytics and advertising.
The new funding will allow Fyllo to expand its engineering and sales teams. It expects to double its workforce in the next 12-18 months. It currently has around 120 employees. The company has also announced that Peter Kraus, CEO of Aperture Investors, will join the board.
The company is currently gaining traction in the cannabis industry, as more states legalize the drug for recreational use. With more cannabis businesses opening across the country, Fyllo’s software helps these companies manage their regulatory compliance and marketing efforts. Cannabis is a heavily regulated industry and companies often struggle to navigate the laws.
Plans to bring on new talent
The cannabis technology company Fyllo has announced plans to spend a portion of its Series B funding on hiring new staff. It has a goal of doubling its engineering team and scaling its sales and operations teams. The company has grown its headcount by 275 percent in the past year, hiring executives from Twitter and major cannabis brands. It currently has 160 employees.
The company plans to hire new talent by offering a five-month fellowship program. Applicants will be required to work 40 hours per week during that time. This fellowship program is designed for people from underserved neighborhoods in Chicago.