Fundraising Fox

Candu

Entrepreneur First '19

Los Altos, US · Founded 2019 · Delaware corporation · 20 employees on LinkedIn · 5 known investors

Candu is a no-code UX editor that lets product and growth teams build, launch, and A/B test in-app content such as onboarding flows, banners, and product tours using a drag-and-drop editor and a JavaScript snippet. It serves SaaS product teams looking to create and personalize in-product user experiences without engineering time.

Also known as candu.ai

Founders & leadership

Candu was founded in 2019 by Jonathan Anderson and Michele Riccardo Esposito.

JAJonathan Anderson
Jonathan AndersoninCo-Founder & CEOJonathan Anderson holds a BSc in Earth Systems and an MSc in Engineering from Stanford University and started his career in consulting. He subsequently founded wayOUT, a non-profit serving marginalised LGBTQ+ youth, through which he raised more than $300,000 for youth centres across the United States.
MRMichele Riccardo Esposito
Michele Riccardo EspositoinCo-founder & CEO2023–2024Michele holds a degree in Mathematics and Computer Science from the University of Illinois. His career has spanned software engineering and product roles at several startups, among them Coursera and Wise, with an emphasis on user experience.
AE
Anthony EspositoNamed on SEC filing
JL
Jeffrey L MondaNamed on SEC filing
RW
Richard WarnerNamed on SEC filing

Board

GDGil Dibner
Gil Dibnerin𝕏Board directorPartner at Angular Ventures
VI
Villi IltchevBoard director

Investors · 5

Reported raises · per SEC filings

Form D private placements

$6.1M disclosed across 4 of 8 rounds · 2014–2024

$3MraisedNov 2024 · 10 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Gil DibnerDirector
  • Villi IltchevDirector
  • Jonathan AndersonExecutive Officer, Director
Offering amount
$3M
Amount sold
$3M
First sale
Nov 2024
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$1.4MraisedOct 2022 · 5 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Villi IltchevDirector
  • Michele Riccardo EspositoExecutive Officer, Director
  • Jonathan AndersonExecutive Officer, Director
Offering amount
$2M
Amount sold
$1.4M
First sale
Oct 2022
Incorporated
Corporation, Delaware, 2019
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$500KraisedMar 2022 · 1 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Villi IltchevDirector
  • Jonathan AndersonExecutive Officer, Director
  • Michele Riccardo EspositoExecutive Officer, Director
Offering amount
$1.5M
Amount sold
$500K
First sale
Mar 2022
Incorporated
Corporation, Delaware, 2019
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$1.2MraisedAug 2019 · 5 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Michele Riccardo EspositoExecutive Officer, Director
  • Jonathan AndersonExecutive Officer, Director
Offering amount
$1.3M
Amount sold
$1.2M
First sale
Jul 2019
Incorporated
Corporation, Delaware, 2019
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$500KofferedJan 2014 · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Anthony EspositoExecutive Officer, Director
  • Jeffrey L MondaExecutive Officer, Director
  • Richard WarnerExecutive Officer, Director
Offering amount
$500K
Minimum investment
$25K
Incorporated
Corporation, Florida, 2011
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

Candu provides a visual, largely no-code platform that lets SaaS product, growth and customer-success teams build and publish in-application user experiences without writing code. Supported formats include inline content, overlays, checklists, homepages, banners, empty states, modals, forms, and hotspots and tours. Content is assembled from reusable "atomic" components with full CSS styling controls and responsive settings for different screen sizes, with the stated goal that Candu-built content is visually indistinguishable from natively coded product UI and can match a customer's Figma designs. A beta AI feature generates UI from a natural-language prompt, which users can then refine visually before shipping to a live environment.

The platform is installed by adding a JavaScript snippet to the header of the customer's product; the company characterizes this as "very low-code" rather than strictly no-code. A Chrome extension supports click-to-place placement and replacement of content directly in the context of the live product, with live preview. Candu integrates product and customer data to build dynamic user segments, supports variables for displaying dynamic data, and allows targeting based on Candu events. Built-in user and content analytics and a Bayesian A/B testing engine support experimentation, alongside integrations with third-party analytics providers. Documentation also covers wizards and AI agents that guide users through structured workflows and can take actions inside a product, plus integrations including a dedicated set of guides for Influitive portals.

At the time of its 2020 seed announcement the company described itself as still working to solidify product-market fit, having launched its service in late October 2020.

Founding story

Jonathan Anderson is identified as founder and co-founder of Candu and serves as CEO. Investor Villi Iltchev of Two Sigma Ventures contacted the company in September 2019 after hearing about its approach to personalizing SaaS onboarding; discussions resumed in late 2019 and led to the round announced in December 2020.

Business model

Candu sells a software subscription to SaaS companies; documentation includes an account and billing section, and the website offers a free trial and custom product walkthroughs. As of December 2020, listed pricing started at around $200 per month.

Subscription pricing for access to the platform, with published entry pricing of roughly $200 per month as of December 2020; the founder said at the time that the market would determine average annual contract value.

Traction

The website cites a 4.5 out of 5 rating from 64 verified reviews and displays G2 reviews from staff at Genially, Gorgias, Thought Industries, Salsify, Expensya, Lifesight and Vidyard. One customer reported reducing a development cycle from two weeks to two days. The service launched in late October 2020.

Latest developments

The website advertises a beta "Generate with AI" capability that produces UI from a text prompt for refinement and publishing, and the help center documents wizards and AI agents that guide users through workflows and take actions inside a product.

Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

Operates in the digital adoption / in-app onboarding and product-experience category. TechCrunch identified WalkMe and Pendo as larger companies addressing the same onboarding problem from a different angle, noting WalkMe had raised $90 million and Pendo $100 million around 2019-2020.

Positioning centers on inline, natively styled in-product content rather than only pop-ups and modals, with design fidelity claims (matching Figma files, full CSS styling), in-context editing via a Chrome extension, and real-time publishing. Customer reviews cited on the site emphasize inline placement and reduced dependence on engineering time.

Technology

A drag-and-drop editor built on reusable atomic components with full CSS control and responsive settings; a JavaScript snippet/SDK installed in the product header; a Chrome extension for in-context placement and live preview; segmentation and targeting driven by integrated product and customer data, variables and Candu events; native user and content analytics with a Bayesian A/B testing engine; a beta prompt-to-UI generation feature; and AI agents/wizards for structured in-product workflows. Engineering roles reference TypeScript and Scala.

Go-to-market

Self-service entry through a free trial and templates, supported by custom product walkthrough demos, a public help center, a Chrome extension, and social proof from G2 reviews. Coverage in technology press accompanied the 2020 funding announcement.

SaaS companies' product, growth, UX, marketing and customer-success teams that want to create, personalize and iterate on in-product experiences without consuming engineering resources. Named customer employers in published reviews include Genially, Gorgias, Thought Industries, Salsify, Expensya, Lifesight and Vidyard.

Geography

Remote-first company; a listed Full Stack Developer role is open to remote candidates or London.

History

Candu graduated from the Entrepreneur First accelerator and raised approximately $1 million before closing a $5 million round in March 2020, which was publicly announced in December 2020 after the product reached the market; the product launched in late October 2020.

Risks & controversies

At the time of the December 2020 funding coverage, the founder stated the company was still working on solidifying product-market fit and had not established an average contract value. The sources contain no other reported controversies.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Entry-level pricingDec 2020$200
G2 / website review ratingJan 20264.5 out of 5
Verified customer reviewsJan 202664 reviews

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 10

by search overlap
Userpilot102 shared keywordsUserpilot is a no-code product growth platform that lets product, UX, and customer success teams create in-app experiences, track product usage and feature adoption, run session replays, and collect user feedback. It serves SaaS companies and enterprises pursuing product-led growth.
Appcues90 shared keywordsAppcues is a customer engagement platform that lets marketing and product teams publish in-app content, surveys, and multi-step guides to onboard and engage users. It serves product and marketing teams building in-app customer journeys.
Userguiding79 shared keywordsUserGuiding provides a no-code platform for building in-app onboarding flows, product tours, and self-service experiences aimed at improving product adoption. It is built for product teams looking to drive user engagement and revenue growth through self-service.
Beamer57 shared keywordsBeamer is a product engagement platform offering in-app notifications, changelogs, NPS surveys, and feedback collection tools that companies embed in their apps to drive feature adoption and gather user input. It serves product and marketing teams looking to communicate updates and reduce churn.
ClickUp57 shared keywordsClickUp provides a customizable work management platform that adapts to different company teams and projects across various functions including marketing, sales, and project management.
Launchnotes57 shared keywordsLaunchNotes is a platform that connects product feedback, roadmap, and release communication so stakeholders know what is shipping and why it matters. It is used by product teams to communicate product releases to customers and internal go-to-market teams.
Chameleon53 shared keywordsChameleon builds no-code software that personalizes user experience within products by adapting to individual user journeys. It helps teams reduce user friction through guided experiences without requiring code.
Productplan50 shared keywordsProductPlan is a product management platform that combines strategic roadmapping with AI-powered customer and market research. It serves product teams across SaaS, financial services, insurance, retail, manufacturing, and government sectors who need to align cross-functional stakeholders around a shared product plan informed by customer evidence.
Smartsheet50 shared keywordsSmartsheet provides a cloud-based work management platform that enables teams and organizations to plan, capture, manage, automate, and report on work at scale across enterprises, nonprofits, and small businesses globally. The platform helps improve process efficiency and business outcomes through unified digital workplace capabilities.
Notion49 shared keywordsNotion offers a workspace platform for teams to manage projects, documentation, and tasks through customizable views like Gantt charts and Kanban boards. The product serves small to large organizations across multiple functions including engineering, product, and design teams.

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

Timeline · 4

launches, deals, and filings
Jan 2026
AI generation of in-app UI from prompts (beta)

Candu's website advertises a beta feature that generates product UI from a natural-language prompt, which can be visually refined and shipped to a live environment; the help center also documents AI agents and wizards.

source ↗

Dec 2020
Candu announces $5M funding round led by Two Sigma Ventures

Candu publicly announced a $5 million round that had actually closed in March 2020; the announcement was delayed until the product was in market. Villi Iltchev, partner at Two Sigma Ventures, led the round.

$5M source ↗

Dec 2020
Prior ~$1M raised after Entrepreneur First graduation

TechCrunch reported that before the $5M round, Candu had raised around $1 million following its graduation from the Entrepreneur First accelerator.

$1M source ↗

Oct 2020
Candu launches its service

TechCrunch reported that Candu launched its service in late October 2020, with pricing starting from around $200 per month.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
CanduDelaware

In the news

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Candu do?
Candu is a low-code platform for SaaS teams to design, personalize and A/B test in-product UX such as onboarding and banners.
Who founded Candu?
Candu was founded by Jonathan Anderson, Michele Riccardo Esposito in 2019.
Who are Candu's investors?
Candu's investors include Angular Ventures, Entrepreneur First, Maverick Silicon, SoftBank Group, Two Sigma Ventures.
How much funding has Candu raised?
Candu has disclosed $6.1M raised across 4 of its 8 known rounds.
Where is Candu headquartered?
Candu is headquartered in Los Altos, US.