Viola invested $14 million in Candis without ever meeting in person

CANDIS, a platform for automated accounting and payment processes, recently raised 12 million euros ($14 million) in series B funding led by Israel-based Viola Ventures and Rabo Frontier Ventures, the investment arm of Rabobank. While Covid-19 has forced the industry to carry out deals— sometimes amounting to tens or hundreds of millions of dollars— remotely, this is the first time Viola invested in the company without ever meeting its management face-to-face, in a process it’s calling a “New Operational Model.”