Condoit, a Birmingham, AL-based provider of a platform for digitizing the electrical industry, raised $4.5M in Seed funding.
The round was led by The Westly Group with participation from Fontinalis Partners, Navitas Capital, C2 Ventures, Studio Management, and Overline with a strategic investment by Southwire.
The company intends to use the funds to accelerate product development, expand its national sales team, enhance customer support and success, and meet demand in the market.
Launched out of the TechStars Alabama EnergyTech Accelerator in 2020 by former commercial electrician Ian Hoppe, Condoit is an “electrician-first” platform that enables electrical firms of any size to conduct electrical infrastructure assessments, design, and analysis remotely and collaboratively during the bid or project stages. Its platform aims to streamline processes for the electrical contractor in the field, saving time and reducing labor costs. Electricians are able to use its mobile app in the field on an iOS or Android device to capture photos, conduct site walks and remotely log data.
FinSMEs
19/04/2024