About Candesant
Candesant is a company based in San Francisco (United States) founded in 2016 by Niquette Hunt.. Candesant has raised $44.49 million across 2 funding rounds from investors including KCK MedTech, Polaris Partners and Astia. The company has 3 employees as of December 31, 2021. Candesant operates in a competitive market with competitors including Sebacia, PhotoSonix Medical, Luma Therapeutics, Nano Ceuticals and Tiny Fat Eraser, among others.
- Headquarter San Francisco, United States
- Employees 3 as on 31 Dec, 2021
- Founders Niquette Hunt
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Candesant Biomedical, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$44.49 M (USD)
in 2 rounds
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Latest Funding Round
$35.36 M (USD), Series B
Jun 06, 2023
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Investors
KCK MedTech
& 3 more
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Employee Count
3
as on Dec 31, 2021
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Funding Insights of Candesant
Candesant has successfully raised a total of $44.49M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $35.36 million completed in June 2023. 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 Series B — $35.4M
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First Round
First Round
(14 Feb 2020)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Series B - Candesant | Valuation | KCK MedTech | |
| Feb, 2020 | Amount | Series A - Candesant | Valuation |
investors |
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| 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 Candesant
Candesant has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include KCK MedTech, Polaris Partners and Astia. 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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Founded Year | Domain | Location | |
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US focused venture capital firm
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Founded Year | Domain | Location | |
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Women-led startups are funded through stage-agnostic investments and angel networks.
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Founded Year | Domain | Location |
| 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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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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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 Candesant
| 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 - Candesant
| 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 |
Candesant Comparisons
Competitors of Candesant
Candesant 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 Sebacia, PhotoSonix Medical, Luma Therapeutics, Nano Ceuticals and Tiny Fat Eraser, 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.
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Sells devices for fat reduction, body shaping, and skin firming online.
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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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 Candesant
Frequently Asked Questions about Candesant
When was Candesant founded?
Candesant was founded in 2016 and raised its 1st funding round 4 years after it was founded.
Where is Candesant located?
Candesant is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Candesant?
Niquette Hunt is the current CEO of Candesant. They have also founded this company.
Is Candesant a funded company?
Candesant is a funded company, having raised a total of $44.49M across 2 funding rounds to date. The company's 1st funding round was a Series A of $9.13M, raised on Feb 14, 2020.
How many employees does Candesant have?
As of Dec 31, 2021, the latest employee count at Candesant is 3.
What does Candesant do?
Candesant Biomedical was founded in 2016 in San Francisco, United States, and operates in the biomedical sector. A proprietary non-invasive device, CDX-101, is offered for treating hyperhidrosis by targeting and inactivating overactive sweat glands. The device is applied under the arms like a patch, where alkali metals interact with water to generate energy that reduces sweating and inhibits bacterial growth.
Who are the top competitors of Candesant?
Candesant's top competitors include PhotoSonix Medical, Nano Ceuticals and Sebacia.
Who are Candesant's investors?
Candesant has 4 investors. Key investors include KCK MedTech, Polaris Partners, Astia, and Correlation Ventures.