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HomeFunding AL-based Condoit Secures $4.25Million in Seed Funding

[Funding alert] AL-based Condoit Secures $4.25Million in Seed Funding

Condoit, a company that offers a digital platform for the electrical industry, has raised $4.25 million in first capital. Southwire made a strategic investment in the round, which was led by The Westly Group and included Fontinalis Partners, Navitas Capital, C2 Ventures, Studio Management, and Overline.

Condoit, a company that offers a digital platform for the electrical industry, has raised $4.25 million in first capital. Southwire made a strategic investment in the round, which was led by The Westly Group and included Fontinalis Partners, Navitas Capital, C2 Ventures, Studio Management, and Overline.

The company plans to use the money to satisfy market demand, improve customer assistance and success, grow its national sales force, and expedite product development.

Former commercial electrician Ian Hoppe founded Condoit in 2020 as a spin-off of TechStars Alabama EnergyTech Accelerator. Condoit is a “electrician-first” platform that allows electrical firms of all sizes to conduct electrical infrastructure design, analysis, and assessments remotely and cooperatively while in the bid or project stages.

Read also – CA-based Anvilogic Secures $45Million in Series C Round Funding

With the use of its platform, field-based electrical contractors may streamline procedures, save time, and cut labour expenses. Electricians may take site tours, record data remotely, and take pictures using its mobile app on an iOS or Android device while they’re out in the field.

About Condoit

Condoit, which is hosted on the cloud, standardises the gathering, storing, analysing, monitoring, and forecasting of current electrical systems. They are a mobile software and teamwork tool designed to shorten the time needed to install an EV charger. Their goal is to make the life of electrical contractors better.

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