Candy Lab is an augmented reality company that originally started in San Diego. The company has created an app called Candy Bar which takes the augmented reality concept and makes it real easy for every day people to understand. “It lets users interact with inanimate objects located around a city, building or park using augmented reality” The St. Louis Business Journal said.
The company, led by CEO and President Andrew Couch and COO Jonathan Chizick, relocated to St. Louis as part of their $50,000 arch grants program.
From there the company attracted the attention of Judge Scott a Texas investor and advisor to their company. The Business Journal reported that Judge just invested $300,000 into the company. Terms were not disclosed.
Candy Lab is also preparing to send it’s leadership team to Hawaii’s Blue Startups accelerator where they will receive a $20,000 equity investment with the chance to receive matching funds up to $50,000.
After the accelerator Couch and Chizick will go on a road show hopefully booking clients across the country. They’ve reportedly made $860,000 in sales and anticipate bringing in $3.5 million in revenue this year.