# Kandle

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

- Industry: Software
- Headquarters: Singapore, Singapore
- Website: www.kandle.xyz
- Total disclosed funding: $1.7M
- Latest round: Seed (Jul 25, 2023)
- Investors on record: 6

## About

Based in Singapore, and co-founded by Jaideep in 2021, Kandle formerly known as dRisk operates as a gaming company developing crypto-based games. In July 2023, the firm raised USD 1.5 million in seed funding led by investor Saama Capital, with participation from other investors Cloud Capital, Founder Room Circle, Good Capital, PointOne Capital, and Seeder Fund. The firm as of July 2023 has more than 80 thousand registered players in more than 100 countries with 320 thousand USDT (tether stablecoin cryptocurrency) rewards paid. 

The company creates a crypto gaming platform that allows gamers to participate in fantasy play-2-earn and crypto trading activities. The platform draws inspiration from Honma Munehisa, who once roamed the markets of ancient Japan armed with his candlestick charts, predicting rice prices' rise and fall with astonishing accuracy. The platform empowers crypto enthusiasts to make strategic calls on token prices based on research and trends, allowing them to play with the market. Players can participate in a variety of games, such as Portfolio Leagues, Coin Leagues, Jackpot, and High/Low. Also, Kandle is powered by Binance APIs, with the backing of reliable sources like CoinGecko and CoinMarketCap. The company's Kandelverse offers its users 5 vs 5 crypto battles, 1 on 1 deathmatch, complete against themself, and collect badges.

The company plans to utilize its July 2023 funding to develop its gameFi platform and expand its user base.

## Funding rounds

- Seed, Jul 25, 2023, $1.7M — Saama Capital, Seeder Fund, Good Capital, PointOne Capital, Cloud Capital, Founder Room Circle

## Investors

- Saama Capital (https://capitalatlas.ai/funds/saama-capital) — Seed
- Seeder Fund (https://capitalatlas.ai/funds/seeder-fund) — Seed
- Good Capital — Seed
- PointOne Capital (https://capitalatlas.ai/funds/pointone-capital) — Seed
- Cloud Capital — Seed
- Founder Room Circle — Seed