About Candy Ventures
Candy Ventures is a venture capital firm founded in 2014. It is primarily based out of Luxembourg, Luxembourg. As of Nov 2021, Candy Ventures has invested in 21 companies. It primarily invests in Seed round in United Kingdom based startups. Its investments are spread across a wide range of sectors from Consumer to Enterprise Applications and High Tech. Most recently it participated in the $***** Seed round of BetConnect Overall, Candy Ventures portfolio has seen 1 unicorn, 3 IPOs and 5 acquisitions including key companies like Lyft, BlockFi and Blippar. A lot of funds co-invest with Candy Ventures, with names like Gojek sharing a substantial percentage of its portfolio. Candy Ventures has team of 2 people including 1 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 1 more
Portfolio Acquisitions
Portfolio Unicorns
Candy Ventures' List of Top Investments
Candy Ventures has a portfolio of 21 companies, one of which is a Unicorn. Their most notable investments are in VibePay and Arctic Shores.Their portfolio spans across United Kingdom, United States, India and 1 more locations. They have invested in Consumer, Enterprise Applications, High Tech and 17 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by Candy Ventures:1. Lyft
Network facilitating on-demand transportation and ride scheduling services for individuals. It provides options for immediate rides, scheduled pickups, and various vehicle types. The network offers programs for business transportation needs. It also focuses on safety measures and community support initiatives.
Key facts about Lyft
- Founded Year: 2007
- Location: San Francisco (United States)
- Stage: Public
- Total Funding till date: $5.02B
- Employee Count: 3,913 as on Dec 31, 2025
- Investors: HTIF, SeedFord Partners and 163 Others
- Latest Funding Round: Series I, Aug 06, 2018, $*****
- Highlight: Public
2. BlockFi
Online platform for trading, crypto-backed loans, interest accounts, and wallets. The platform tracks all the historical transaction details and assists in tax reporting. It also offers solutions for miners, exchanges, and Crypto ATMs. Its app is available for Android and iOS users.
Key facts about BlockFi
- Founded Year: 2017
- Location: Jersey City (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $466M
- Employee Count: 178 as on Sep 30, 2026
- Investors: Fidelity Investments, Bracket Capital and 63 Others
- Latest Funding Round: Conventional Debt, Jun 22, 2022, $*****
- Highlight: Acquired
3. Blippar
Provider of web-based tool for AR content creation. Blippar offers a WebAR SDK for creating AR content. Features include real-time SLAM tracking. Also offers a no-code platform. The company also offers AR consultation. Blippar has been recognized as one of the fastest-growing companies by CNN, Forbes, etc.
Key facts about Blippar
- Founded Year: 2011
- Location: London (United Kingdom)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $141M
- Employee Count: 44 as on Sep 30, 2026
- Investors: Khazanah Nasional Berhad, Qualcomm Ventures and 11 Others
- Latest Funding Round: Series D, Mar 23, 2021, $*****
- Highlight: Acquired
4. Cera
Provider of in-home healthcare services and care solutions. It is a healthcare technology company that provides at-home care services, enabling patients to receive medical attention in the comfort of their own homes.
Key facts about Cera
- Founded Year: 2015
- Location: Colchester (United Kingdom)
- Annual Revenue: £100M - £500M as on Dec 31, 2023
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $400M
- Employee Count: 1,333 as on Sep 30, 2026
- Investors: Kima Ventures, Kairos and 59 Others
- Latest Funding Round: Conventional Debt, Jan 12, 2025, $*****
- Highlight: Editors' Pick
5. LoveLocal
Platform offering e-commerce platform connecting consumers with local retailers. It is an online platform that enables users to shop from local Kirana stores. It include includes fruits, vegetables, meat, snacks, pharmaceuticals, beauty products, cleaning essentials and more.
Key facts about LoveLocal
- Founded Year: 2015
- Location: Mumbai (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $25.7M
- Employee Count: 229 as on Aug 31, 2025
- Investors: Chiratae Ventures, Flat Capital and 63 Others
- Latest Funding Round: Series A, Sep 07, 2022, $*****
- Highlight: Editors' Pick
Candy Ventures' Year-on-Year Investment Trends
Candy Ventures has invested in 22 companies over the last 8 years, with an average of 0 new investment annually in the last 5 years. Its most recent first time investment was in BetConnect and most recent follow-on round was in LoveLocal.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 0 | 0 | 0 |
2022 | 0 | 0 | 0 |
2021 | 1 | 1 | 2 |
2020 | 1 | 0 | 1 |
2019 | 4 | 0 | 4 |
2018 | 1 | 1 | 2 |
Candy Ventures' Investments by Stage
Candy Ventures has made 4 investments in Seed stage with an average round size of $1.8M, 2 investments in Series A stage with an average round size of $5.52M and 1 investment in Post IPO stage with an average round size of $1.39M.Stage of entry | No. of Investments |
|---|---|
Seed | 4 |
Series A | 2 |
Post IPO | 1 |
Note: We have considered here, only first round of investments
Candy Ventures' Investments by Sector
Candy Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, Media & Entertainment, Environment Tech and FinTech. Notably, it has invested in 16 Tech companies, 10 Consumer (B2C) companies, 10 Enterprise (B2B) companies and at least 10 companies focusing on Software.Sector | No. of Investments |
|---|---|
Enterprise Applications | 3 |
Consumer | 2 |
Media & Entertainment | 2 |
Environment Tech | 1 |
FinTech | 1 |
Others | 5 |
Note: We have considered here, only first round of investments
Candy Ventures' Investments by Geography
Candy Ventures has made most investments in United Kingdom (6), followed by India where it has made 1 investment.Country | No. of Investments |
|---|---|
United Kingdom | 6 |
India | 1 |
Note: We have considered here, only first round of investments
Candy Ventures' recent investments
Candy Ventures has not made any investment in 2026 so far.Here are the most recent investments by Candy Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Nov 30, 2021 | United Kingdom | Seed | 8102 | - | |
Oct 28, 2021 | India | Series A | 2686 | [+33] | |
Apr 16, 2020 | United Kingdom | Seed | 2993 | [+1] | |
Oct 11, 2019 | India | Series A | 9502 | [+16] | |
Aug 14, 2019 | United Kingdom | Series A | 9146 |
Unicorns in Candy Ventures' Portfolio
Candy Ventures has 1 unicorn in its portfolio - Cera. The most recent unicorn in their portfolio is Cera which became a unicorn in 2025, 1 years before Candy Ventures first invested in it.Here is a list of unicorns in Candy Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
71 | Provider of digital home healthcare and personalized domestic support services | 2015 | Colchester | Series C | {qmpi{w |
IPOs and Publicly Listed companies in Candy Ventures' Portfolio
3 of Candy Ventures' portfolio companies have become public. Lyft got listed on the Frankfurt Stock Exchange (FRA), in Mar 2019 at marketcap of $8.42B and audioBoom got listed on the London Stock Exchange (LSE) at marketcap of $9.73B.Here are Candy Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 29, 2019 | - | - | 6156 | |
May 23, 2014 | Apr 27, 2018 | Post IPO | 1086 | |
Oct 22, 2004 | - | - | 9020 |
Acquired companies in Candy Ventures' Portfolio
5 companies from Candy Ventures' portfolio have been acquired. The most recent acquisition was VibePay in Apr 2025 by Banked for $*****.Here are Candy Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 15, 2025 | Apr 16, 2020 | Seed | 4104 | |
Oct 02, 2024 | - | - | 7063 | |
Jun 30, 2022 | - | - | 7870 | |
Apr 09, 2021 | - | - | 3462 | |
Jan 23, 2019 | - | - | 6969 |
Team profile of Candy Ventures
Candy Ventures has a team of 2 members including 1 Partner and 1 Principal located in India and Luxembourg. Candy Ventures' team does not sit on the board of any company as of now.Co-investors of Candy Ventures
Over the past 8 years, 75 investors have co-invested in Candy Ventures's portfolio companies. This includes funds and angels.
- Invested before Candy Ventures: Saha Fund, Blume Venture and 6 others have invested in rounds before Candy Ventures. There is 1 company where Saha Fund has invested before Candy Ventures and 1 company where Blume Venture has invested before Candy Ventures.
- Top Co-investors of Candy Ventures: 17 investors entered a company along with Candy Ventures. These include investors like Gojek (1 company).
- Invested after Candy Ventures: A total of 50 investors have invested in Candy Ventures's portfolio after their investments. Top Investors include Nick Candy (2 companies), Vulcan Capital (1 company) and Flat Capital (1 company).
Recent News related to Candy Ventures
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Tamara Ralph Settles Legal Dispute with Candy VenturesFashion Network•May 19, 2025•Ralph & Russo, Candy Ventures
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Candy steps back from THG dealDirect Commerce•Jun 16, 2022•Candy Ventures, THG, Belerion Capital Group
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THG rejects all recent ‘undervalued’ takeover approachesRetail Gazette•Jun 16, 2022•THG, Belerion Capital Group, King Street, Candy Ventures
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LoveLocal raises USD18m in pre-Series BPrivate Equity Wire•Oct 28, 2021•LoveLocal, Vulcan Capital Management, Alumni Ventures, Commerce Ventures and 9 others
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Hyper-local ecommerce platform LoveLocal raises $18 mn led by Vulcan CapitalVCCircle•Oct 27, 2021•Mpaani Solutions, Alumni Ventures, Vulcan, Candy Ventures and 10 others
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Blipper Completes $ 5 Million Pre-Series A Financing RoundBusiness Wire•Mar 25, 2021•Blippar, Chroma Impact Investment, West Coast Capital, Globalive Capital and 6 others
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Besides the pandemic Ralph & Russo now faces law suit from minority shareholderCpp Luxury•Mar 08, 2021•Ralph & Russo, Candy Ventures
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Candy Ventures Discloses Audioboom Stake Following SaleMorningstar•Feb 18, 2021•audioBoom, Candy Ventures
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All Active Asset Capital Grants Rosen, Candy GBP100 Million In OptionsMorningstar•Feb 17, 2021•AAA Capital, Nrconsultancyltd, Candy Ventures
