Caden Raises $15M Series A

August 16, 2023

Almost two years ago, our CEO set out to build Caden on one very simple but tech-taboo value: Everything we do must benefit you. Everything we do will always preserve the privacy of every member of our community.

We’ve always had our sights set on a handful of things:

1. Develop groundbreaking technology 

2. Empower users to control their data

3. Make data fun and insightful

4. Reward users for consenting to share their data

And since our launch, we’ve achieved these goals and more thanks to rapid user adoption and growth. Billions of data points are being shared by our community– adding over 100 million per week–demonstrating the power of ethical user-centered data acquisition. We’ve also paid out hundreds of thousands of dollars to you, our community, in exchange!

In order to maximize this opportunity and continue building awesome products and services for you, we are thrilled to announce that we’ve raised $15 million in Series A funding. This is a huge moment for us; we couldn't have done it without your support and trust. 

Leading this round is Nava Ventures, a firm known for its hands-on and strategic approach. Freddie Martignetti, the lead investor from Nava Ventures, is joining our board, bringing with him a wealth of experience and industry knowledge. With a proven track record of supporting organizations that transform and create markets, Freddie will help Caden carry out its vision to allow every online citizen to participate in and benefit from the personal data economy.

We're proud to share that our current investors, Streamlined Ventures, the lead investor in our seed round, AME Ventures, 1707 Capital, Montage Ventures, Industry Ventures, Lightning Capital, and AAF Management, have all decided to double down on their belief in Caden's mission and invest in our Series A. Their continued support and dedication have validated our vision and fortified our commitment to driving innovation in the space.

Where do we go from here? 

These funds will catapult us into the next growth phase and enable us to provide you with an even better product. 

We’re using the funds to:

  • Build out our team in NYC - check out what positions we’re hiring
  • Accelerate the development and go-to-market of Caden’s innovative data AI platform, Caden AI
  • Give users more opportunities to earn money by adding 10+ more connections across retailers, loyalty programs, fitness, and streaming

We'd like to take this opportunity to say a huge thank you to everyone who has been with us on this journey.

To our loyal users–we would not be here without you.

To those of you who shared feedback–the good, the bad, the ugly–thank you for caring about our product as much as we do.

And to those of you who referred friends and family–thank you for helping grow our community.

We're more energized than ever to deliver on our promises and exceed your expectations. 

Team Caden