- Candy Digital raised $38.5 million at the beginning of the year as per the regulatory filings.
- The filing said that a total of 14 investors participated in this offering.
- The Series A1 funding round was led by ConsenSys and Galaxy Digital.
In a United States Securities and Exchange Commission (SEC) regulatory filing, it has been revealed that the NFT collectibles startup, Candy Digital, managed to raise $38.5 million from investors in a Series A1 funding round.
The first sale occurred on January 3, and the regulatory filing revealed that the startup was seeking to raise $68 million, with $29.7 million still to be sold to investors. It was revealed that a total of 14 investors have already participated in this offering.
At the commencement of the year, the NFT collectibles startup closed a Series A1 funding round, which was spearheaded by Galaxy Digital and ConsenSys. Well, as for the fundraiser, it allowed the firm to purchase sports merchandise platform Fanatics out of its majority stake. However, it should be noted that the financial terms of the Series A1 raise were not unveiled.
In addition to this, another thing to lay emphasis on is the fact that it is still not clear whether the filing is attached to Series A1 or is for a different fundraising effort altogether.
Back in October 2021, the NFT startup raised $100 million in a Series A round while holding ground at a valuation of $1.5 billion. The Series A round was co-led by Insight Partners and Softbank Vision, with other significant investors on the list, such as 10T Holdings, ConsenSys, Galaxy Digital, and NFL star Peyton Manning.