New York, USA-based digital collectible company Candy Digital raised funding in the Series A1 round. However, it did not disclose the amount of the fundraising. The Series A1 round took place on January 6, 2023. Galaxy and ConsenSys Mesh led the financing for the firm. Meanwhile, 10T Holdings and ConsenSys joined in the funding.
Purpose of funding for Candy Digital
With the latest financing, Candy Digital seeks to scale and expand its flagship digital products, such as ICON trading cards, Tickets, and Highlights.
In addition, the company’s partnership with ConsenSys Mesh and ConsenSys, Candy intends to accelerate the growth of its platform, tooling, and experience capabilities with an emphasis on web3 functionality.
What the company’s official has to say
Scott Lawin, CEO of Candy Digital, said, “The ability of Candy to deliver institutional-grade products and services to our sports, entertainment, and culture partners and customers is critical during periods of market volatility. Candy Digital remains committed to reimagining fandom in a web3 world. Moreover, it is exciting to lead the charge into the next phase of the market’s evolution. The current environment offers a strong opportunity to build. We look forward to continuing to scale our platform, form new partnerships with leading brands and institutions. We further seek to deliver best-in-class digital products to our customers.”
What the investors have to add
Mike Novogratz, Founder, and CEO of Galaxy, further added, “Candy Digital has quickly established itself as a leading digital collectible NFT platform with a passionate customer base, advanced technological infrastructure, and strong partnership network that will enable the platform to continue to sustainably scale. We believe that the Candy team is well-positioned to capitalize on the rising demand for NFT products and expand into new industries and markets. We look forward to continuing to support their success.”
In addition, Joseph Lubin, Founder and Chairman of ConsenSys Mesh and CEO of ConsenSys, said, “The pioneering work that Candy Digital has done in bringing NFTs to mainstream culture through sports and entertainment made it an easy decision to partner with them during this next phase of growth. As 2023 will be a breakout year for Web3, we believe that this collaboration will be a driving force in empowering creators, players, and fans to take control of their economic, expressive, and political agency in an increasingly decentralized community-centric global economy. Together with Candy, ConsenSys Mesh and ConsenSys will help shape the future of community-driven, Web3-enabled collectibles, events, and experiences.”
About the company
In 2021, Founders Michael G. Rubin and Mike Novogratz launched the company. Candy Digital is a next-generation technology company designing and developing officially licensed, premium digital collectibles that connect people to their passions.
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