Candela Partners
500 Sansome Street Suite 500, San Francisco, CA, 94111, United States
Overview
Candela Partners is a venture fund investing $100k - $500k into early stage Mixed Reality startups. Over the past 3 years of operations they have built a deep network of Mixed Reality, 3D, and Computer Vision developers, Fortune 500s with interest in AR/VR, and other great co-investors focused on building this industry. They look for early stage companies with experienced, responsible founding teams. They favor teams who have ambitious visions to change the way we live our lives, do business, and connect with friends.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 2
Sector focus
- 3D Technology
- Augmented Reality
- Computer Vision
- Finance
- Financial Services
- Venture Capital
- Virtual Reality
Investment portfolio
- Supermedium
Participated · Seed · Jul 2018
Supermedium builds a bespoke web-first browser and hub for WebVR, focused on surfacing snackable VR experiences accessible via URLs. The company was founded by Mozilla alums behind the WebVR standard and launched earlier this year after graduating Y Combinator. It is focused on higher-end headsets like the Rift and HTC Vive that support positional tracking and hand controllers, and does not currently support Oculus Go or Gear VR. Supermedium has introduced Supercraft, simple in-browser content-creation tools, and says a large share of usage comes from users navigating VR-optimized adult content. The startup raised $1.1 million in seed funding from a group of investors to keep development moving. The team plans to stay lean, build an early passionate user base, and promote WebVR as standalone hardware with tracked controllers matures.