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Candy
NFT store & trading marketplace
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To deepen our interaction with experiences that bring us joy.
Few candidates hear
back within 2 weeks
-51% employee growth in 12 months
Theo Margolius
COO of Otta
Candy produces, sells, and allows fans to trade NFTs on its marketplace. Since launching in 2021, the company's focus has primarily been on baseball and other sports, but it has since expanded into other franchises with the addition of Netflix's Stranger Things Line.
The company was launched by Michael Rubin, the CEO of sports retailer Fanatics (a company valued at over $30 billion), along with Galaxy Digital CEO Mike Novogratz and famous entrepreneur and internet personality Gary Vaynerchuk who was an angel investor in the likes of Slack, Venmo, and Uber.
While competition amongst NFT marketplaces is tight, Candy stands out from the crowd given its high profile founding team, business partnerships with the likes of Major League Basketball, Netflix and Getty Images, as well as its rapidly-earned $1.5 billion valuation. There’s been plenty of encouragement with sales too, particularly since the platform debuted its trading marketplace in early 2022. Remarkably, it took just eight hours to surpass $1 million in trade volume.
Following the collapse in the crypto and NFT space in late 2022 it would be expected that Candy might have fared badly, but it has instead announced an extension to its Series A funding round which has attracted significant investment. It intends to use this money to scale the platform and seek out new partnership opportunities with major brands.
Oct 2021
$100m
SERIES A
Total funding
This company has top investors
Founders
Gary Vaynerchuk
(Board Member)Serial entrepreneur, angel investor, public figure and bestselling author. CEO of VaynerMedia and VaynerNFT, Chairman of VaynerX, and Board Member of fast growth fitness apparel brand Gymshark.
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