Digital collectible company Candy Digital has announced a Series A1 funding round led by investors Galaxy, ConsenSys Mesh, ConsenSys and 10T Holdings, among others.
Although the terms of the fundraise have not been disclosed, the financing round propels the company’s aims to provide a deepened fandom experience through the development of its digital collectibles alongside scaling and expanding its digital products.
Through a partnership with ConsenSys and ConsenSys Mesh, Candy Digital is set to accelerate the growth of its platform.
The company hopes to boost its tooling and experience capabilities with a strong emphasis on web 3.0 functionality.
Candy Digital CEO Scott Lawin 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 and is excited to lead the charge into the next phase of the market’s evolution.”
The funding round precedes several partnerships formed with Candy Digital including Netflix, Getty Images, Race Team Alliance, and the WWE.
Candy Digital has also expanded its partnerships with its sports organizations, such as Major League Baseball and the Major League Baseball Player Association and the National Baseball Hall of Fame.