Candyspace Media Ltd

Based in UK and co-founded by Tom Thorne (CEO) and Martin Brierley and founded in 2005 and headquartered in London, UK Candyspace Media Ltd is a UK-based digital product agency specializing in technology platform development and optimization, enhancing user engagement across various industries. Founded in 2005 and headquartered in London, UK, Candyspace Media Ltd operates as a digital product agency focused on developing technology solutions. The company has not publicly disclosed any pivots in its strategy or operations, nor does it have known subsidiaries. It has achieved notable success with its recent project involving the launch of ITVX, ITV's new streaming service.

The company has been involved in one funding round. In February 2026, it was acquired by Quantiphi, Inc. , a portfolio company of Multiples Alternate Asset Management. Candyspace operates as a digital product agency, specializing in the development and optimization of technology platforms that enhance user engagement and operational efficiency for a variety of industries.

Their core offerings include mobile application development, web platform creation, and comprehensive conversion rate optimization services. Notably, they played a pivotal role in launching ITVX, ITV's new streaming and video-on-demand service, which serves over 40 million registered users. Additionally, Candyspace has developed innovative solutions for the aviation sector, exemplified by a disruptive platform that facilitates data sharing and monetization, attracting GBP 30 mn in funding. Their clientele includes prominent brands like ITV, Rolls-Royce Aviation, and Mazda, with a focus on markets throughout the UK and possibly extending to other regions across Europe and North America.

Candyspace generates revenue primarily through B2B partnerships, focusing on long-term collaborations with various high-profile clients. Their business model typically involves structured transactions based on project milestones, ongoing service agreements, and performance-based incentives tied to measurable outcomes, such as increases in lead generation or user engagement rates. For instance, their work with Mazda has resulted in a notable increase in dealer leads by over 35%, demonstrating a direct correlation between their services and client success. Revenue streams are diversified through tailored service packages, which may include initial development fees followed by recurring charges for maintenance and optimization services.

The company’s ongoing focus on conversion rate optimization further enhances its revenue potential by providing measurable value to clients looking to improve their digital engagement. The February 2026 acquisition by Quantiphi, Inc. will help the company to grow their business.