Led · Series A · Jun 2022

Tyson 2.0 is a cannabis company founded by Chad Bronstein and Mike Tyson that produces and sells cannabis products across North America. The company reports sales in more than 20 U.S. states and Canada and has sold over 4,000 pounds of cannabis flower across North America. It closed a $9M Series A to support growth and strategic initiatives. Tyson 2.0 intends to use the funds to acquire more celebrity intellectual property, scale marketing efforts, accelerate distribution, and further develop its house-of-brands strategy. The company also announced the appointment of Nicole Cosby as Chief Legal and Licensing Officer; Cosby previously served as Chief Data and Compliance Officer of Fyllo Group and Senior Vice President of Standards at Publicis Group. The business positions itself as a premier, celebrity-fronted cannabis brand building out distribution and brand licensing.

Led · Series A · Feb 2022

Allumia offers an EaaS technology platform that automates the full lifecycle of commercial and industrial efficiency projects, including solution design, project workflow, document management, performance monitoring, revenue-grade metering, M&V, monthly billing, and long-term maintenance. The platform enables utilities to deliver and fund efficiency projects at scale while reducing costs for discovery, project management, metering and verification, and ongoing service. Allumia finances, installs, and maintains efficiency solutions for customers and shares a percentage of savings, using a shared-savings model to shift capital and performance risk away from end customers. The company serves commercial and industrial customers nationwide and also works through utility partnerships. Management plans to continue developing the core technology and grow the team to expand deployment into the mass C&I market. The company recently completed a financing to support product development and scale.

Participated · Series C · Nov 2021

Chicago-based Fyllo, led by founder and CEO Chad Bronstein, delivers the Compliance Cloud, a suite of software and services that simplifies regulatory management for companies operating in tightly controlled sectors like cannabis. Its offering combines compliance monitoring, data services and marketing tools, and is complemented by the Fyllo Data Marketplace, which lets mainstream advertisers target cannabis and CBD consumers. The company is expanding its capabilities through M&A, including the February 2021 acquisition of retail and marketing platform DataOwl. Fyllo plans to continue strategic acquisitions and aggressive hiring to bolster its technology stack. Year-to-date in 2021 the business has grown revenue more than 100% and expanded headcount by roughly 275%, adding executives from firms such as Twitter and Salesforce. These metrics underscore rising demand for compliance-first SaaS in regulated markets, positioning Fyllo for continued growth.

Led · Series A · Jul 2021

CityRow operates a connected fitness business built around its two rowing machines (the Go Classic and Go Max) and a companion mobile app that offers on-rower and off-rower classes. The company began as an in-person rowing studio in 2014 and launched its digital platform in 2018, moving early into the at-home connected market. CityRow sells hardware (Go Classic at $1,295 and Go Max at $2,195) and platform subscriptions, and it also operates a mix of corporate and franchised studios. The company reported 375% revenue growth last year driven largely by rowing machine sales and subscriptions. CityRow currently operates 11 locations (two corporate-owned and nine franchises), has sold 64 franchises to date, and plans to launch 12 more in the next year. Management has grown headcount to 14 full-time corporate employees, and says it is on track to double that in the next year as it expands live offerings.

Participated · Series C · Sep 2019

Canndescent is a Santa Barbara, Calif.-based cultivator of premium cannabis led by CEO Adrian Sedlin. The company sells flower under the Calm, Cruise, Create, Connect and Charge labels and operates two brand tiers: Canndescent (ultra-premium) and goodbrands (middle market). It has launched its brands into other product categories including vapes and ingestibles and into additional geographies. Consumers can currently purchase its products in California and Nevada. Canndescent raised $27.5M in a Series C financing to support growth. The company plans to use the proceeds to expand into vapes and ingestibles, grow in Massachusetts, Nevada, Canada and beyond, and deepen investments in both of its brands. Canndescent is a Santa Barbara-based cannabis cultivator that grows and markets premium flower for the adult-use market. Led by CEO Adrian Sedlin, the company applies practices from consumer-packaged goods, advanced agriculture and luxury lifestyle marketing. It opened a municipally-permitted cultivation facility in 2016 and launched a premium flower brand in California in 2017. It is now opening a second facility, quadrupling its production to 48,000 square feet, and plans to expand production presence to over 100,000 square feet. Consumers can purchase Canndescent products at dispensaries and delivery services throughout California. The company raised $10m in Series B funding to finance new product launches and further expand production capacity. Canndescent cultivates and markets a branded line of premium cannabis flower produced, packaged and distributed in accordance with state and local laws. The company closed a $6.5M seed funding round to support its operations. It intends to use the proceeds for working capital, marketing, and additional property, plant and equipment. Canndescent planned to open a facility in Desert Hot Springs, CA the following month, operating under a municipally issued conditional use permit specifically for cultivation. The business emphasizes compliant, packaged flower as its core product while expanding cultivation capacity and market presence.