Digital collectibles platform Candy Digital completes A1 round of financing, led by Galaxy and others

2023-01-06 09:42:34BlockBeatsShare to:

ICX-0.26% ($0.154231)

BlockBeats news, on January 6, the digital collectibles platform Candy Digital announced today that it completed the A1 round of financing. Galaxy and ConsenSys Mesh led the investment, and 10T Holdings and ConsenSys participated in the investment. The specific financing terms have not yet been disclosed. Through the new partnership with ConsenSys Mesh and ConsenSys, Candy will accelerate the development of its platform, tools and experience capabilities. Launched in 2021, Candy Digital's mission is to grow the fan economy through the development of digital collectibles and experiences, and it will continue to expand its flagship digital product business, including ICON trading cards, tickets and more. Candy Digital is an NFT startup owned by sports goods giant Fanatics, but did not mention its relationship with Fanatics in this press release. CNBC reported yesterday that Fanatics is selling 60% of Candy Digital to a group led by Galaxy Digital. An investment group, it was not immediately clear whether the deal was completed. In October 2021, Candy Digital completed a US$100 million Series A financing, led by Insight Partners and SoftBank, with a valuation of US$1.5 billion at the time. At the end of November last year, Candy Digital laid off about 30% of its staff.

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