We fund and build Mixed Reality startups. (AR / VR / 3D / Computer Vision)
ABOUT CANDELA PARTNERS:
Candela Partners is an investment firm founded by @Don Stein and @Lawrence Braitman that is focusing on early-stage startups in the Mixed Reality (MR) industry. These technologies include AR, VR, 3D, and Computer Vision.
Don is the AR/VR scout of General Catalyst, and has funded 30 Mixed Reality startups since 2015 (6D.ai, CameraIQ, Synapse, Omnivirt). He has become a nucleolus of this emerging industry by hosting monthly events, and staying involved from ground zero.
Lawrence has been investing advising, and accelerating the growth of early-stage companies since 1997. Together with Rick Thompson, he co-founded FlyCast which created the first ever display advertising network targeted direct-response buyers. Flycast went public in 1999 raising $75M and then sold in 2000 for a reported $2.2B.
Don and Larry founded Candela in January 2016 and have continued to grow their foothold as leading investors in the Mixed Reality industry.
ABOUT THIS FUND:
This fund aims to invest in all of Candela Partners' early-stage venture deals ($10M pre-money valuation or less) in the Mixed Reality industry, including but not limited to companies operating in the Augmented Reality, Virtual Reality, Computer Vision, and 3D industry.
The fund plans to invest in roughly 10 companies within the next 18 months, but the actual number of investments may vary. The fund will invest up to $750,000 as an initial check into any single company.
Please note that investors in this fund may not have equal access to fund information due to relationships with the fund advisor or companies that the fund invests in.
With syndicates, you can gain access to our Mixed Reality investments.
- Backers invest in our deals on the same terms as us
- Backers who pre-fund their account will be prioritized for gaining access to our allocations
We fund Mixed Reality startups.
Here is our syndication criteria:
We are focused on AR/VR investments, and focus on this tech.
1. Talented and dedicated team with vast AR/VR experience, and footprint, and traction w/ customers or users
2. We typically favor opportunities that allow us to co-invest with Sand Hill Road VC's or leading Mixed Reality specialty funds