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Candor Secures Series B Funding, Led by Rice Park Capital

PRIVATEFeb 05, 2024

Round Type

Series B

AlpharettaInformation TechnologySoftware Development

Investors

Assurant VenturesArthur VenturesRice Park Capital Management

Description

Candor Technology, Inc. announced it has closed a Series B equity round to expand its Loan Engineering System’s capabilities and enhance the user experience. The funding was led by Minneapolis-based Rice Park Capital Management, with the support of Arthur Ventures, Assurant Ventures and the management team; as well as participation from several other industry leaders.

Quick answer

Candor Technology, Inc. raised an undisclosed amount in a Series B round, dated February 5, 2024. Investors: Assurant Ventures, Arthur Ventures and Rice Park Capital Management. Candor Technology, Inc. is based in Alpharetta, Georgia, United States.

How much did Candor Technology, Inc. raise?
Candor Technology, Inc. raised an undisclosed amount in a Series B round on February 5, 2024.
Who invested in Candor Technology, Inc?
Assurant Ventures, Arthur Ventures and Rice Park Capital Management are named as investors in this round.
What does Candor Technology, Inc. do?
At Candor, our team of mortgage experts discovered the industry needed to progress past the antiquated, resource dependent, processes that have been in place for decades.
Where is Candor Technology, Inc. based and how big is it?
Candor Technology, Inc. is based in Alpharetta, Georgia, United States.
Who are the decision-makers at Candor Technology, Inc?
Fundz holds 1 contact at Candor Technology, Inc., including the Director. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Software Development around the same time

Companies in the same sectors as Candor Technology, Inc. that raised within 45 days of this round, from Fundz verified event records.

  • Kevel raised $23M (Series C) on March 7, 2024.
  • Synadia Communications raised $25M (Series B) on February 28, 2024.
  • Pimberly raised $5.1M (Funding Round) on February 26, 2024.
  • Serverpod raised $1.8M (Seed) on February 23, 2024.
  • EigenLabs raised $100M (Series B) on February 23, 2024.
  • Xergy raised $3.9M (Series A) on February 23, 2024.

Who to call at Candor Technology, Inc., and when

A new round usually means Candor Technology, Inc. is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Candor Technology, Inc.

Location

8000 Avalon Blvd, #810

Alpharetta, Georgia, United States

About

At Candor, our team of mortgage experts discovered the industry needed to progress past the antiquated, resource dependent, processes that have been in place for decades. This challenge took us outside the black box of current mortgage technologies to find the best solution to move the industry forward into the 21st century and beyond. Our quest ultimately led us to the Aerospace Industry and it’s highly complex, but extremely precise expert systems technology that could teach a machine to work its way through a maze of guidelines and 100,000+ underwriting pivot points to make the highest quality decision every time while also increasing speed and reducing cost. The culmination of this technology development journey resulted in CogniTechTM, Candor’s patented decision engine.

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Candor Technology, Inc. raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.