Candy
NFT store & trading marketplace
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Company mission
To deepen our interaction with experiences that bring us joy.
Employees
101-200
HQ Location
Midtown South, New York, NY
OTTA INSIGHTS
Few candidates hear
back within 2 weeks
-51% employee growth in 12 months
Otta's take on Candy
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.
Total funding - $100m
Last fundraise
Oct 2021
$100m
SERIES A
This company has top investors
Company benefits
- Competitive salary
- Stock options
- Health coverage
- Unlimited vacation
Company values
- Trust: We safeguard the goal. We believe we will only succeed if we earn trust – trust of our people, trust of our customers, trust of our partners. We will aim to achieve and keep faith at all times.
- Innovation: We dream big. We’re endlessly curious and constantly searching for the best, the better, and the never-before imagined
- Excellence: We take big swings. We have high expectations of ourselves in everything we do
- Grit: We drive past the finish line until the last second. Giving up is not an option. We will always find a way
- Inclusion: We are a team player, and we are in it together. We believe that diverse thinking comes from different thinkers, and we need all perspectives to come together and win
- Authenticity: We are the real deal and always authentic in what we create, our dealings with others, and in who we are as human beings
- Accountability: We carry the ball. We hold ourselves to the highest moral and ethical standards. We will be fair and honest and take responsibility for our actions
Articles
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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Software Engineering