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

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

10/21/21, 12:30 PM
Money raised
$100 million
Round Type
series a
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 Info

Company
Candy Digital
Additional Info
Candy Digital is a next generation digital collectible company, which has been launched by three titans of their respective industries: Michael Rubin, CEO, Fanatics; Mike Novogratz, founder and CEO, Galaxy Digital; and Gary Vaynerchuk, Serial Entrepreneur and Investor.