# Canaery

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/canaery

- Industry: Biotechnology
- Headquarters: US
- Website: www.canaery.com
- Total disclosed funding: $2.5M
- Latest round: Seed (Mar 2, 2022)
- Investors on record: 8

## About

Canaery, based in Florida and founded in 2020, specializes in innovative scent-based products designed to enhance sensory experiences and emotional well-being for personal and home environments.Canaery is focused on creating scent solutions that explore the world of fragrances. Founded in 2020, the company has raised USD 1.97 mn through a SEED funding round led by Breakout Ventures on March 2, 2022. The current company valuation is USD 10.27 mn. Gabriel Lavella serves as the CEO.Canaery specializes in scent-based products that unlock and explore fragrances. Their offerings include innovative scent solutions for personal and home use that enhance sensory experiences. Targeting consumers who appreciate unique olfactory experiences, their products cater to various scenarios such as creating calming atmospheres or evoking nostalgia. Canaery markets primarily in North America and Europe, serving wellness enthusiasts, interior designers, and retailers.Canaery generates revenue through direct-to-consumer sales, allowing customers to purchase products online and through select high-end retail partners. Their pricing reflects the premium quality of their scents, catering to different customer segments, including affordable luxury fragrances and exclusive limited editions. The firm emphasizes strong branding and customer loyalty, contributing to a sustained revenue stream.Canaery plans to leverage recent funding to support the development of new scent products and further expand into markets across North America and Europe. The funding raised in March 2022 will also facilitate marketing efforts to increase brand visibility. Specific timelines for product launches and regional expansions are still in development.

## Funding rounds

- Seed, Mar 2, 2022 — Good News Ventures, Asymmetry Ventures
- Seed, Jan 5, 2022, $2M — SOSV, Dolby Family Ventures, Breakout Ventures, KdT Ventures
- Seed, Feb 1, 2021, $0.5M — Genesis, SOSV, IndieBio

## Investors

- Genesis (https://capitalatlas.ai/funds/genesis) — Seed
- SOSV (https://capitalatlas.ai/funds/sosv) — Seed
- IndieBio (https://capitalatlas.ai/funds/indiebio) — Seed
- Dolby Family Ventures (https://capitalatlas.ai/funds/dolby-family-ventures) — Seed
- Breakout Ventures (https://capitalatlas.ai/funds/breakout-ventures) — Seed
- KdT Ventures (https://capitalatlas.ai/funds/kdt-ventures) — Seed
- Good News Ventures (https://capitalatlas.ai/funds/good-news-ventures) — Seed
- Asymmetry Ventures (https://capitalatlas.ai/funds/asymmetry-ventures) — Seed