Komplyd

Komplyd operates as a compliance-as-a-service (CaaS) platform specifically developed for the cannabis industry. The company was founded in 2020 by Rose Elliott and Audrey Fernandez-Elliott. The founders leveraged their extensive backgrounds in building data-driven solutions for highly regulated industries. Rose Elliott brought over two decades of experience in engineering and product from roles at PayPal, Netflix, and Tenable, while Audrey Fernandez-Elliott had a background in managing complex M&A integrations and global expansion at companies like PayPal, Apple, and Fitbit.

The firm's core offering is an automated platform that provides a single, developer-friendly API integration to manage the complex and varied compliance requirements across multiple jurisdictions, including state, county, and local municipalities. Komplyd's business model is centered on its API-first platform, which enables clients, ranging from small operators to large multi-state operators (MSOs), to embed regulatory compliance features and analytics directly into their applications. This is accomplished through an AI-driven compliance engine and a common data model that establishes protective guardrails and automated workflows. The platform addresses the intricate data problem posed by cannabis regulations, allowing product development teams to ensure their applications are compliant, thus reducing a significant barrier to entry and expansion in the market.

A significant milestone for Komplyd was the closing of an oversubscribed Seed Round in August 2022, co-led by Poseidon and Achari Ventures, which was intended to fund its national expansion. Subsequently, on June 6, 2023, Komplyd was acquired by Green Check Verified (GCV), a fintech provider of compliant cannabis banking solutions. This acquisition was strategic for GCV, aiming to integrate Komplyd's capabilities with seed-to-sale technologies to better connect the cannabis plant's supply chain with the commerce supply chain, a critical step for future interstate and international trade. The integration enhances data connectivity and provides more profound insights for cannabis operators on the Green Check platform.

Keywords: cannabis compliance, compliance-as-a-service, CaaS, regtech, cannabis technology, API integration, multi-state compliance, regulatory compliance, seed-to-sale, cannabis banking, fintech, automated compliance, Rose Elliott, Audrey Fernandez-Elliott, Green Check Verified, Poseidon Ventures, Achari Ventures, cannabis regulations, data model, compliance engine