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15 November 20212 minute read

DLA Piper advises Fyllo in its US$40 million Series C financing

DLA Piper represented Fyllo, a leader in compliance-first software-as-a-service (SaaS) solutions for highly regulated industries, in its recent US$40 million Series C financing led by Eminence Capital.

Fyllo is leading the development of compliance, data and marketing solutions to enable companies in highly regulated sectors like cannabis to scale effectively. Today, companies across the cannabis supply chain rely on Fyllo's compliance-first solutions to navigate the industry's ever-changing regulatory environment. Fyllo's Data Marketplace provides unparalleled access to cannabis and CBD audiences, a lucrative and rapidly growing consumer segment.

“We were pleased to support Fyllo through its latest funding round, bringing together our experience advising emerging growth companies in complex transactions as well as our deep understanding of both the tech sector and cannabis industry to facilitate this deal. The funds will enable Fyllo to invest in its workforce and continue enhancing its platform through its next stage of growth, and we look forward to our client’s continued success,” said Scott Kapp, the DLA Piper partner who led the firm’s deal team.

“Fyllo greatly appreciates our partnership with the team at DLA Piper! Their market-leading knowledge and experience with early-stage companies, as well as their ability to provide high-quality, business-focused and practical legal solutions have been an integral component of our rapid growth to date,” said Travis Moyer, Fyllo General Counsel.

In addition to Kapp, the DLA Piper team representing Fyllo included partner Adam Spector and associates Lizzie Abramson and Christina Chapin (all of Chicago).

DLA Piper’s Emerging Growth and Venture Capital practice includes more than 200 lawyers in the US who provide strategic counsel to emerging companies in high-growth industries, including biotech, manufacturing, communications, software and semiconductors. Over the last three years, DLA Piper has completed more than 2,100 financings totaling over US$31 billion.

DLA Piper's global Technology sector lawyers work across practice areas and offices to support technology clients – from startups to fast-growing and mid-market businesses to mature global enterprises – doing business around the world.

About Fyllo 

The Fyllo Compliance Cloud is a suite of software and services that enable organizations to navigate today’s ever-changing regulatory landscape, streamline compliance, and scale with speed. Mainstream brands also use the Fyllo Data Marketplace to target previously inaccessible cannabis and CBD consumers.