Fyllo Raises $16 Million for Weed M&P

Want to share this story?

Fyllo, a startup that provides marketing and promotion services for the cannabis industry, has secured new funding.

The startup announced it has raised $16 million in seed funding from JW Asset Management and K2 and Associates. Jason Klarreich, managing director at JW, joins Fyllo’s board of directors.

Fyllo plans to use the funds to grow its technology platforms and staff to meet its operational needs.

Fyllo provides marketing and advertising services for cannabis firms. It’s CannaBrain service uses data to let brands safely build and execute ad campaigns while staying compliant with the myriad of different weed laws around the country. Fyllo also helps publishers to create and monetize compliant advertising inventory on their content.

Chad Bronstein is the Chicago based company’s CEO.