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Candex secures $33M in Series C funding led by 9Yards Capital to accelerate growth and global reach.

PRIVATEJul 30, 2025•10 months ago

Amount Raised

$33 Million

Round Type

series c

New YorkSoftware

Investors

EdenredNfxCraft VenturesAltos VenturesGoldman SachsHedosophia9 Yards Capital

Description

Candex has raised $33 million in a Series C funding round led by 9Yards Capital, with participation from Hedosophia and several existing investors. This investment brings Candex's total funding to over $115 million and supports the company's continued global expansion. The funding comes at a significant valuation increase, reflecting strong confidence in their product-market fit. Candex aims to support over $1 billion in spend this year with the new capital.

Company Information

Company

Candex

Location

New York, New York, United States

About

Candex is a fintech consolidator for large organizations so that they can make purchases from one-time, irregular and low risk suppliers using existing P2P processes. Candex operates globally managing setup, support, tax and regulatory complexity - making it simple, fast, and compliant to pay suppliers even across borders and cross currencies. Available in multiple deliveries, Candex works directly within existing e-procurement systems, via bulk uploads, or integrated into any workflow via API. In the end - Candex completely takes care of the 70-80% of vendors getting 3-5% of spend; ensures that "No PO, No Pay" becomes achievable; and the efficiency is so remarkable that our clients enter a sort of procurement zen.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies.

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