COMPANY PROFILE

Candle Labs

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A software development company that offers decentralized products and use cases such as finance

Santa Barbara, United StatesFounded 2022Fintech

Valuation $250–500M Last recorded · 2022

Revenue <$1M Latest reported FY

Headcount <100 Current team size

Total funding $10–50M Disclosed equity funding

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About Candle Labs

Candle Labs, established in 2022 by founder Samuel Safahi, operates within the blockchain technology sector. The company is positioning itself as an EVM (Ethereum Virtual Machine) compatible layer-two blockchain network.

The core business of Candle Labs is to provide a foundational infrastructure upon which developers can build decentralized applications (dApps). By being EVM compatible, the platform aims to ensure that applications developed on the Ethereum network can be migrated or run on its layer-two solution. The primary market consists of blockchain developers and organizations looking to create and deploy dApps.

The company's stated objective is to be a production-focused blockchain. A key part of its strategy involves increasing the total value stored within its protocol, which it aims to achieve through the generation of substantial trade surpluses. As of early 2025, Candle Labs is registered in Dover, United States, and has not publicly announced any funding rounds.

MoreLess Source: Dealroom company data

At a glance

Status: Operational
Founded: 2022
Headquarters: Santa Barbara, United States
Employees: 1
Open positions: None listed
Dealroom signal: 28.3/100
Industry: Fintech
Sub-industry: Crypto and DeFi
Sector: Fintech, Hard Tech
Technology: Blockchain
Business model: SaaS
Client focus: b2b
Links: Website LinkedIn X

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Funding history

2 recorded events

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
SERIES B✓Equity / VC	Sep 2022	$48M	$192M	Undisclosed	↗
SEEDEquity / VC	Feb 2022	$82K	$328K	Undisclosed	—

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Financials

Revenue over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

Year	Revenue	Growth
2026
2025
2024
2023		—

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Growth signals

Candle Labs website traffic

Latest recorded traffic for Candle Labs is 240 monthly website visits, up 0% over the last three months. Candle Labs's team grew 0% over the past year.

Latest monthly visits240 3-month web change0% 1-year team growth0%

Monthly website visitsOct 2022–Mar 2025

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