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Birmingham startup Condoit closes $4.25 million seed round

Birmingham startup Condoit announced Wednesday it has closed a $4.25 million seed round.

The company looks to use the money to accelerate product development, expand its national sales team, enhance customer support and success, and meet growing demand.

Condoit offers a platform that digitizes and consolidates electrical construction and engineering data, calculating a facility’s electrical system capacity while simplifying electrical system construction.

Its mobile app can help contractors collect information about a site’s existing infrastructure, redesign it, and allow for real-time collaboration.

The company’s product offers applications for electrical contractors, solar and EVC installers and electrical engineering firms, among others.

Founder Ian Hoppe said the technology “empowers the folks in the field to do their very best work.”

The oversubscribed round was led by The Westly Group (Tesla, Procore) with participation from Fontinalis Partners (Lyft, Postmates), Navitas Capital (PlanGrid, Matterport), C2 Ventures, Studio Management, and Overline, along with a strategic investment by global wire and cable manufacturer, Southwire.

Hoppe said he sees an opportunity to apply what fintech did for traditional banking and finance to the electrification needs of the future.

“In a lot of ways, we don’t have to reinvent the wheel,” he said. “I’ve got electrical engineers and electricians on staff to drive sector-specific innovation, but other industries have had major success in the digital transition. I’m bringing the hammer of progress from fintech to bear in construction tech, so we can really accelerate this transformation and see around some of the corners that I know are coming.”

Editor’s note: Ian Hoppe previously worked for AL.com.

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