About Candam
Candam is a company based in Barcelona (Spain) founded in 2017 by Miquel Solsona and Sergi Goday Barillas.. Candam has raised $1.21 million across 2 funding rounds from investors including EIT InnoEnergy, European Union and CDTI. Candam offers products and services including RecySmart Ring, RecySmart Bin, Fill-Level Sensor, and AI-Powered Packaging Recognition. Candam operates in a competitive market with competitors including Bigbelly Solar, Mill, Clean Robotics, TOWNEW and Junker, among others.
- Headquarter Barcelona, Spain
- Founders Miquel Solsona, Sergi Goday Barillas
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Sectors
EnvironmentTechnology
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Email
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Phone
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Website
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Social
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- Legal Name Candam Tech
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.21 M (USD)
in 2 rounds
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Latest Funding Round
$1.21 M (USD), Seed
Oct 04, 2024
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Investors
EIT InnoEnergy
& 5 more
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Employee Count
Employee Count
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Products & Services of Candam
Candam offers a comprehensive portfolio of products and services, including RecySmart Ring, RecySmart Bin, Fill-Level Sensor, and AI-Powered Packaging Recognition. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Device that recognizes and rewards recycling efforts in bins.
Bin system for tracking and improving recycling loyalty programs.
Sensor providing real-time data on bin fill levels to prevent overflow.
Technology for identifying and verifying recyclable packaging accurately.
Funding Insights of Candam
Candam has successfully raised a total of $1.21M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1.21 million completed in October 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $1.2M
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First Round
First Round
(01 Aug 2022)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Seed - Candam | Valuation | Sogrape , EIT InnoEnergy | |
| Aug, 2022 | Amount | Grant - Candam | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Candam
Candam has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include EIT InnoEnergy, European Union and CDTI. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Impact Ventures is focused on investing in startups with measurable positive social and environmental impact.
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Footwear and accessories are sold by MAX77 online.
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Wines are produced and branded by Sogrape for global markets.
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| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Candam
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Candam
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Candam Comparisons
Competitors of Candam
Candam operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Bigbelly Solar, Mill, Clean Robotics, TOWNEW and Junker, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Smart solar-powered waste bins are provided for real-time collection management.
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| domain | founded_year | HQ Location |
Smart bins are provided to process waste into fertilizer.
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| domain | founded_year | HQ Location |
Smart trash bin robots are manufactured for recyclable waste sorting.
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| domain | founded_year | HQ Location |
Smart trash bins with sensing technology are offered by TOWNEW.
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| domain | founded_year | HQ Location |
Household waste is differentiated by an online barcode-scanning platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Candam
Frequently Asked Questions about Candam
When was Candam founded?
Candam was founded in 2017 and raised its 1st funding round 5 years after it was founded.
Where is Candam located?
Candam is headquartered in Barcelona, Spain. It is registered at Barcelona, Catalonia, Spain.
Is Candam a funded company?
Candam is a funded company, having raised a total of $1.21M across 2 funding rounds to date. The company's 1st funding round was a Grant of $613.16K, raised on Aug 01, 2022.
What does Candam do?
Candam was founded in 2017 in Barcelona, Spain, as a provider in the IoT sector focused on waste management. Smart waste collection bins equipped with IoT technology are offered to users, enabling rewards for each collection activity. Operations center on integrating sensors and connectivity to optimize urban waste handling, with services extending to municipal and commercial applications across Europe.
Who are the top competitors of Candam?
Candam's top competitors include Mill, Ecube Labs and Bigbelly Solar.
What products or services does Candam offer?
Candam offers RecySmart Ring, RecySmart Bin, Fill-Level Sensor, and AI-Powered Packaging Recognition.
Who are Candam's investors?
Candam has 6 investors. Key investors include EIT InnoEnergy, European Union, CDTI, Sogrape, and Impact Ventures.
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