Fyllo is one of several companies in Chicago, including Leaf Trade, that have sprung up to serve the weed business. Leaf Trade, a digital ordering platform for marijuana growers and retailers, recently raised $5.5 million.
Fyllo, founded by advertising executive Chad Bronstein, has doubled its headcount since August, growing to 130 employees. The company will use the money to double its engineering team and grow its operations and sales teams. It recently hired Katie Ford, former head of global brands at Twitter, as chief operating officer.
Fyllo is based in the West Loop and has offices in Arizona and Israel. It has raised nearly $60 million so far. JW Asset Management, a marijuana investor in New York, led the most recent investment round with Sol Global, a Toronto-based biotech company focused on cannabis. Previous backers include Chicago-based marijuana investor Salveo Capital.
Originally Appeared On: https://www.chicagobusiness.com/marijuanacannabis/weed-software-startup-scores-30-million