Candela: Funding, Investors & Team (Sep 2026)
Candela creates electric hydrofoil boats and ferries that utilize hydrofoil technology to enable vessels to hover over the water, decrease energy consumption by approximately 80 percent, and provide quiet, high-speed, emission-free performance. They offer various models including the C-7 and C-8 boats designed for leisure activities, equipped with retractable foils and advanced electric propulsion systems, as well as the P-12 electric ferry intended for efficient passenger transportation. Candela designs and produces its own motors, sensors, flight-control software, and hardware to create hydrofoil vessels that surpass traditional combustion boats in terms of efficiency and distance traveled.
Candela has raised $103M across 5 funding rounds on record, the most recent an undisclosed round of $34.5M announced in Mar 2026.
That round is above the $3.8M median round size for Design companies tracked on FundedIQ over the last two years.
Candela Company Profile and Key Stats
Latest funding round on record: Mar 2026.
Candela Funding Rounds
Candela raised $20.0M in an undisclosed round announced in Mar 2023.
1 years later, an undisclosed round of $26.6M was announced in Mar 2024.
8 months later, a Series C of $14.0M was announced in Nov 2024.
9 months later, an undisclosed round of $8.2M was announced in Aug 2025.
7 months later, an undisclosed round of $34.5M was announced in Mar 2026.
Candela Founders and Leadership Team
Contact details for the Candela team: 1 of 2 have an email address on file, 1 has a LinkedIn profile.
Start 14-day free trial →Candela Funding Compared to Other Design Startups
Candela's latest round of $34.5M is above the median round in Design. Medians cover the last 24 months of disclosed rounds.
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Candela Funding FAQs
What does Candela do?
Candela creates electric hydrofoil boats and ferries that utilize hydrofoil technology to enable vessels to hover over the water, decrease energy consumption by approximately 80 percent, and provide quiet, high-speed, emission-free performance. They offer various models including the C-7 and C-8 boats designed for leisure activities, equipped with retractable foils and advanced electric propulsion systems, as well as the P-12 electric ferry intended for efficient passenger transportation. Candela designs and produces its own motors, sensors, flight-control software, and hardware to create hydrofoil vessels that surpass traditional combustion boats in terms of efficiency and distance traveled.
How much funding has Candela raised?
Candela has raised $103M across 5 rounds on record. The most recent is an undisclosed round of $34.5M announced in Mar 2026.
When did Candela last raise funding?
Candela's most recent funding round on record is an undisclosed round of $34.5M, announced in Mar 2026.
Who founded Candela?
FundedIQ lists Candela Mosse (Founder), Gustav Hasselskog (Founder) at Candela.
Where is Candela headquartered?
Candela is based in Stockholm, Stockholms Lan, Sweden.
How many employees does Candela have?
Candela is in the 251-500 employee band.
How does Candela's funding compare to other Design startups?
Candela's latest round of $34.5M is above the $3.8M median round size for Design companies on FundedIQ across 327 tracked companies over the last two years.
About FundedIQ's Candela Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Candela is left off this page rather than filled in.
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