NEWS12 November 2021

Fyllo raises $40m Series C funding


US – Software-as-a-service (SaaS) business Fyllo has closed a $40m Series C funding round led by venture capital firm Eminence Capital.


The funding will be used to expand Fyllo’s SaaS platform and will also be used to fund recruitment and acquisitions. Fyllo focuses on SaaS for highly-regulated industries.

Fyllo earlier this year acquired retail and marketing platform DataOwl, and has increased the size of its workforce by almost 275% since the beginning of 2021.

The funding round also had participation from Longview Capital Advisors, ArrowMark Partners, JW Asset Management, K2 Asset Management, Arcadian Capital Management, Phyto Partners, and Salveo Capital.

Kristopher Koka, portfolio manager at Eminence Capital, will also join Fyllo’s board of directors following the funding round.

Chad Bronstein, chief executive and founder at Fyllo, said: “We couldn’t be happier to work with Eminence Capital, a trailblazing firm known for investing in innovative, high-growth industries.”