Total amount raised
$17.8 Millions
Latest funding date
8/1/2022
Location
Phyllo has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform offers APIs for accessing social data, enabling businesses to connect to social platforms for real-time, normalized data.
Keep reading to explore the intricacies of Phyllo's fundraising journey and the investors backing this innovative platform.
What Is Phyllo?
Phyllo, founded in May 2021, is based in San Francisco, California. The company was established by Achintya Gupta, Akhil Bhiwal, and Mohit Kumar.
Phyllo provides APIs for accessing social data, enabling businesses to connect with various creator platforms. Their offerings include Identity API, Engagement API, Income API, and Publish API.
With a team of 51-100 employees, Phyllo focuses on delivering a secure and reliable data infrastructure for the creator economy.
How Much Funding Has Phyllo Raised?
- Seed Round
- Amount Raised: $2.8M
- Date: August 2021
- Lead Investors: Nexus Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish initial development and operations of Phyllo.
- Series A
- Amount Raised: $15M
- Date: August 2022
- Lead Investors: RTP Global
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support R&D, product development, and expand sales and marketing activities.
Total Amount Raised: $17.8M. Current Valuation: Not publicly disclosed.
Key Investors
- RTP Global
- Details: RTP Global is a global venture capital firm that invests in early-stage technology companies. They have a strong presence in Europe, North America, and Asia.
- Investment Focus Areas: Technology, Fintech, SaaS.
- Notable Investments: Delivery Hero, Cred, Datadog.
- Nexus Venture Partners
- Details: Nexus Venture Partners is a venture capital firm that invests in early and growth-stage companies across sectors. They have a significant focus on the Indian and US markets.
- Investment Focus Areas: Technology, Digital Economy, Consumer Internet.
- Notable Investments: Postman, Druva, Unacademy.
- Better Capital
- Details: Better Capital is an early-stage venture capital firm that focuses on technology startups. They aim to support innovative solutions that can scale rapidly.
- Investment Focus Areas: Technology, Fintech, Edtech.
- Notable Investments: Khatabook, Teachmint, Open.
- iSeed
- Details: iSeed is a micro-VC fund that invests in early-stage startups. They focus on high-growth potential companies in various sectors.
- Investment Focus Areas: Early-stage Startups, Technology, Consumer Internet.
- Notable Investments: Various early-stage startups.
- Sima Gandhi
- Details: Sima Gandhi is a former head of business development and strategy at Plaid. She has extensive experience in the fintech sector.
- Investment Focus Areas: Fintech, Technology, Digital Economy.
- Notable Investments: Not publicly disclosed.
What's Next for Phyllo?
Phyllo stands at the cusp of a significant opportunity, driven by the meteoric rise of the creator economy. With its single API providing continuous access to verified, creator-permissioned data across platforms like YouTube, Twitch, and TikTok, Phyllo is well-positioned to capitalize on the growing need for organized creator data. The potential is vast, with India's digital economy expected to reach $800 billion by 2030, and the global creator economy already valued at billions.
As Phyllo scales, future fundraising rounds seem likely. The positive reception of their Series A funding suggests that investors see substantial growth potential. However, challenges such as integrating data from multiple platforms and ensuring data security and privacy for creators could pose hurdles. Despite these challenges, Phyllo's innovative approach and strategic positioning make it a key player to watch in the evolving creator economy landscape.
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