Fundz

Candy Digital Secures $100 Million Investment In Series A Round; Values Company At $1.5Bn

PRIVATEOct 21, 2021

Amount Raised

$100 Million

Round Type

Series A

New YorkOtherInformation TechnologySoftwareData And AnalyticsCommerce And Shopping

Description

Candy Digital, the next generation digital collectible (NFT) company, announced today that it completed a $100 million Series A financing round, which values the company at $1.5bn. The newly raised capital will be used to fund Candy’s continued expansion of its NFT offerings across the global sports landscape for both current and emerging partners. The funding round was co-led by leading global private equity and venture capital firms Insight Partners and Softbank Vision Fund 2. Additional participants in the round include Connect Ventures, an investment partnership between leading entertainment and sports agency Creative Artists Agency (CAA) and global venture capital firm New Enterprise Associates (NEA), Will Ventures, Gaingels, Com2Us, Athletes Syndicate in partnership with Chaos Ventures, which includes participation from current and retired MLB, NFL, NBA, and NHL players, and NFL Hall of Famer Peyton Manning

Company Information

Company

Candy Digital

Location

New York, New York, United States

About

Candy is a new digital asset content company building an innovative NFT ecosystem that will change how fans and collectors engage with their favorite sports, music, art, and cultural icons. We have a cutting-edge design team leading a creative studio that collaborates with athletes, artists, and content owners to bring new NFT projects to life. In addition, our unique virtual storefront will provide fans and collectors the opportunity to explore and purchase officially licensed digital collectibles and trade them on a secure secondary marketplace.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Candy Digital raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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