When was Candela founded?

Candela was founded in 2014 and raised its 1st funding round 7 years after it was founded.

Where is Candela located?

Candela is headquartered in Stockholm, Sweden. It is registered at Frihamnsgatan 25, 115 56 Stockholm, Sweden.

Who is the current CEO of Candela?

Gustav Hasselskog of Candela. They have also founded 1 company.

How many employees does Candela have?

As of Aug 31, 2026, the latest employee count at Candela is 356.

Is Candela a funded company?

Candela is a funded company, having raised a total of $148M across 7 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Dec 08, 2021.

When was the latest funding round of Candela?

Candela's latest funding was a $***** Series D round on Mar 20, 2026, with participation from 3 investors.

What is the annual revenue of Candela?

Annual revenue of Candela is between $1M and $10M as on Dec 31, 2023

Where does Candela rank among its competitors?

Candela ranks 1st amongst 18 active competitors, of which 5 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Vessev Tech, which secured $19.2M in Aug, 2026.

Who are the top competitors of Candela?

Candela's top competitors include Vessev Tech, Artemis Technologies and Navier. Among them, Vessev Tech secured the most recent funding round in August, 2026.

Candela - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Manufacturer of hydrofoiling electric boats and ferries for water transport. The company is pioneering the future of waterborne public transport with electric hydrofoil ferries that combine zero emissions, high speed, and exceptional energy efficiency.

Website: candela.com
Social
Email ID: *****@candela.com
Phone Number: +46 **********
Registered Address: Frihamnsgatan 25, 115 56 Stockholm, Sweden

Key Metrics

Founded Year

2014

Location

Stockholm, Sweden

Stage

Acquired

Total Funding

$148M in 7 rounds

Latest Funding Round

Series D, Mar 20, 2026, $*****

Investors

EQT & 7 more

Ranked

1^st among 18 active competitors

Annual Revenue

$1M - $10M as on Dec 31, 2023

Employee Count

356 as on Aug 31, 2026

Similar Companies

Vessev Tech & 16 more

Exit Details

Acquired by Stantec (Feb 01, 2015)

View Candela's full profile

Candela is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Candela Technology Ab CIN: 556985-3285 , Sweden, Active	Oct 05, 2014	$1M - $10M (As on Dec 31, 2023)	-	-

Candela got acquired by Stantec on Feb 01, 2015.

Click here to take a look at Candela's acquisition in detail

Candela has raised a total funding of $148M over 7 rounds. Its first funding round was on Dec 08, 2021. Its latest funding round was a Series D round on Mar 20, 2026 for $*****. 3 investors participated in its latest round. Candela has 6 institutional investors and 2 angel investors.

Here is the list of recent funding rounds of Candela:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 20, 2026	6903129	Series D	5619743	2242806	2386957	7373773
Aug 13, 2025	4023569	Series C	3670199	9520918	9881242	EQT
Nov 21, 2024	2306818	Series C	2941864	6198078	SEB	EQT

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View details of Candela's funding rounds and investors

The founders of Candela is Gustav Hasselskog. Gustav Hasselskog is the CEO of Candela.

Here are the details of Candela's key team members:

Gustav Hasselskog: Founder & CEO of Candela.
Contact Info: 1 email address

Candela's Board of Directors

Candela's board has 2 active members. Gustav Hasselskog is part of team and Christer Von Der Burg is independent board member.

Here is the list of Candela's board of directors:

Name	Type	Representing	Status	Duration
Gustav Hasselskog	Team	-	Current	-
Christer Von Der Burg	Independent board member	-	Current	-

View details of Candela's Founder profiles and Board Members

Candela's employee count trend

Candela has 356 employees as of Aug 26. Here is Candela's employee count trend over the years:

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Top competitors of Candela include Vessev Tech, Artemis Technologies and Navier. Here is the list of Top 10 competitors of Candela, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Candela 2014, Stockholm (Sweden), Acquired	Manufacturer of hydrofoiling electric boats and ferries for water transport	$148M	SEB, EQT & 6 others	71/100
2nd	Vessev Tech Auckland (New Zealand), Series A	Developer of electric hydrofoiling vessels for passenger, hospitality, and tourism sectors	$19.2M	Blackbird Ventures, Shasta Ventures & 5 others	54/100
3rd	Artemis Technologies 2017, Belfast (United Kingdom), Seed	Provider of maritime design and yacht racing solutions	-	Gunvor Group, Nyera & 7 others	53/100
4th	Navier 2020, San Francisco (United States), Series A	Developer of electric propulsion systems and hydrofoils for recreational boating	$7.2M	Climate Capital, Boost VC & 7 others	48/100
5th	Seachange 2020, New Zealand, Seed	Operator of platform providing resources and guidance for career transition	-	Climate Capital, Infinite Capital & 13 others	32/100
6th	SeaBubbles 2016, Lyon (France), Funding Raised	Manufacturer of electric hydrofoil boats	-	Europa	28/100
7th	Quadrofoil 2011, Slovenska Bistrica (Slovenia), Series A	All-electric personal hydrofoiling watercraft	$4.76M	AlpVent	28/100
8th	ENAUTIC 2019, Perth (Australia), Unfunded	Developer of electric hydrofoil propulsion systems	-	-	26/100
9th	THE JET ZeroEmission 2021, Geneva (Switzerland), Unfunded	Manufacturer of electric hydrofoils	-	-	25/100
10th	Foilchemy 2017, Gipuzkoa (Spain), Funding Raised	Manufacturer of electric hydrofoils	-	Orza	24/100