About CandorIQ
CandorIQ makes workforce planning software for HR and finance teams. It connects a company's HR, payroll and finance systems, and its AI agents build headcount plans, route hiring approvals, set pay bands, run merit cycles and draft job offers.
Candoriq's customers include software companies such as Fleetio, BigPanda, Help Scout and Shippo, and larger employers such as Krafton and Canada Goose. Co-founder Haris Ikram is CEO.
Funding Rounds (SEC Form D)
| First sale | Filed with SEC | Amount sold | Investors | Avg. check | Terms | Filing |
|---|---|---|---|---|---|---|
| Oct 2, 2026 | Oct 21, 2026 | $13,543,208fully sold | 40 | $338K | EquityRule 506(b) | Form D ↗ |
First sale is the date the first investor in the offering committed to invest. Companies must file Form D within 15 days of that date, so filing dates run later.
Rounds announced by CandorIQ
What the company said publicly about its funding. Announced amounts can differ from Form D figures: an announcement can combine several closings, and some money is raised without a Form D.
| Announced | Round | Amount | Investors | Source |
|---|---|---|---|---|
| Jul 22, 2025 | Seed | $4.8M | Array Ventures (lead), Y Combinator, CRV, Switch Ventures | candoriq.com ↗ Press release ↗ |
Why Investors Backed CandorIQ
Investors put money into CandorIQ for a simple reason. Pay is one of the biggest costs at almost any company, but most companies still plan it in spreadsheets. CandorIQ gives HR, finance and hiring managers one place to plan it together. Its founders also knew the problem well, because they had built similar tools inside Checkr, Blend and Slync.
The problem it targets
Decisions about hiring and pay usually involve three teams: HR, finance and the managers who want to hire. Each team tends to keep its own spreadsheet. As a result, their plans stop matching, and the real cost often becomes clear only after they decide. Array Ventures, which led the seed round, saw the same problem. Its partner Shruti Gandhi called pay “one of the biggest cost centers inside a company and one of the least well-managed.” Switch Ventures, another investor, agreed. It said pay planning is often “stitched together across static files and ad hoc tools.”
What the product does
CandorIQ plugs into the HR, payroll, recruiting and finance software that a company already uses. That way, a manager can see what a new hire or a raise will cost before anyone signs off. It also uses four AI agents to handle the routine work. The first builds headcount plans and budgets, and the second sets pay ranges and runs the yearly raise cycle. The third prepares job offers, while the fourth reports on the workforce. In 2026, CandorIQ started working directly with BambooHR and HiBob. Many companies already use these two systems to run HR. Its prices are public, too: $9 per employee a month for pay planning and $4 for headcount planning.
Progress so far
CandorIQ's website shows the logos of 25 customers, including Fleetio, BigPanda, Help Scout, Krafton and Canada Goose. A few of its case studies also share results. For example, Tandems, which used to be called SigFig, says it cut its yearly raise cycle from three months to three weeks. Fleetio says CandorIQ helped it save more than $500,000 a year on headcount. However, these numbers come from CandorIQ and its customers, and nobody outside the company has confirmed them.
Who backs it
Array Ventures led the $4.8 million seed round, and CandorIQ announced it in July 2025. Y Combinator, CRV and Switch Ventures also invested. Array actually put in its first money in September 2023, so the round came together over about two years. Mighty Capital lists CandorIQ among its investments as well, and its venture partner Naeem Raza is a director at CandorIQ.
How the market is moving
Big HR software companies have started buying tools like this one. For example, Deel bought Assemble in 2024, and ADP bought Pequity in 2025. At the same time, smaller rivals keep raising money; Compa raised $35 million in January 2026. According to the research firm P&S Intelligence, the market for this kind of software was worth about $3.2 billion in 2024.
We wrote this summary from public statements by CandorIQ and its investors. It is not investment advice.
CandorIQ in the News
Leadership Team
Executive officers and directors listed on CandorIQ's Form D filed Oct 21, 2026.
Sources
- SECCandorIQ, Inc. filing history
- Companycandoriq.com, pricing
- CompanyCase study: Tandems
- CompanyCase study: Fleetio
- CompanyCase study: KRAFTON Americas
- InvestorArray Ventures portfolio page
- InvestorSwitch Ventures: CandorIQ raises $4.8M
- YCY Combinator company profile
- SECSlync, Inc. Form D, June 2018
- CompanyDeel acquires Assemble
- CompanyADP acquires Pequity
- ResearchP&S Intelligence: compensation software market
- InvestorMighty Capital portfolio
- InvestorMighty Capital team: Naeem Raza