Fundraising Fox

Candex

New York, US · 17 known investors

Candex provides a platform to manage vendor engagement, tracking, and payment for organizations, eliminating manual administrative overhead in procuring and paying service vendors. The company specializes in controlling tail spend—the cost of numerous small vendor transactions across enterprises.

B2B MarketplacesEnterprise SoftwareFintechSaaS

Founders & leadership

JLJeremy Lappin
Jeremy LappininFounder
SV
Shani Vaza

Investors · 17

Camp One VenturesSilicon Valley
Commerce VenturesSan Francisco · $1M – $5M
Craft VenturesSan Francisco · $50K – $50M
Edenred VenturesLondon · $540K – $5.4M
NFXSan Francisco · $250K – $5M
PROOFArlington
XG VenturesMenlo Park
9Yards Capitalreported · 3 sourcesNew York · $100K – $10M
Altos VenturesreportedBurlingame · $1M – $3M
Goldman SachsreportedNew York
HedosophiareportedLondon
HSBCreportedLondon
JP Morgan ChasereportedNew York

Also in the syndicate · 4

American ExpressAmerican Express VenturesJPMorganWorld Innovation Labs

Funding

SEC filings, press & company announcements

$40M disclosed across 1 round · 2026

Source: company announcements and press reports — follow each round's link for the claim.

Competitors · 3

by search overlap
Dex31 shared keywordsDex is a relationship management tool that provides an intuitive, modern rolodex for organizing and maintaining personal and professional contacts. It eliminates manual data entry and tedious processes, designed as a lightweight alternative to spreadsheets and sales CRMs.
Dex28 shared keywordsDex is an AI-powered recruiting platform that matches software engineers with relevant job opportunities through curated role recommendations and direct access to hiring teams, eliminating traditional application processes. The platform leverages AI to provide candidate-company matching at scale for technology companies.
FedEx24 shared keywordsFedEx is a global courier and logistics company that provides shipping, delivery, and supply chain management services for businesses and consumers worldwide.

Companies competing with Candex for the same Google search keywords, organic and paid, via search-intersection analysis.

In the news

Candex Secures $7.0M Series | Signalbasetrysignalbase.com · Mar 2026HSBC invests in master vendor fintech Candexfintechfutures.com · Mar 2026Exclusive: Candex Raises $40M From HSBC To Help Enterprises Easily Onboard Global Vendors | AI artificial intelligence | CryptoRank.iocryptorank.io · Mar 2026Candex Extends Series C to $40M+ with Strategic Investment from HSBCprnewswire.com · Mar 2026Exclusive: Candex Extends Series C To $40M+ To Help Enterprises Easily Onboard Global Vendorsnews.crunchbase.com · Mar 2026Candex lands $45M infusion to grow its procurement management business | TechCrunchtechcrunch.com · Nov 2023

Frequently asked questions

What does Candex do?
Candex provides a platform to manage vendor engagement, tracking, and payment for organizations, eliminating manual administrative overhead in procuring and paying service vendors. The company specializes in controlling tail spend—the cost of numerous small vendor transactions across enterprises.
Who are Candex's investors?
Candex's investors include Camp One Ventures, Commerce Ventures, Craft Ventures, Edenred Ventures, NFX, PROOF, XG Ventures, 9Yards Capital and 5 more.
How much funding has Candex raised?
Candex has disclosed $40M raised across 1 round.
Where is Candex headquartered?
Candex is headquartered in New York, US.