Birmingham startup Condoit finishes seed round, with electrifying industry growth

Birmingham startup Condoit finishes seed round, with electrifying industry growth

A Birmingham startup with applications in electrical construction has announced the raising of its series seed funding round.

Condoit’s round was led by C2 Ventures, a Greenwich, Conn.-based venture capital firm, Atlanta-based Overline, the Alabama Futures Fund, Techstars, and several angel investors, according to the company.

The money will be used for product development, sales, marketing and expanding existing services.

The round also comes on the heels of Condoit signing an enterprise-wide agreement with Florida-based Miller Electric Company to speed the installation of electric vehicle charging stations and solar energy projects across the country.

Ian Hoppe is the founder and CEO of Birmingham’s Condoit. (Condoit)

Condoit founder and CEO Ian Hoppe said the company is hiring a team to continue building out the product and providing education on the benefits of its mobile and web applications.

“The last 12 months have been a roller coaster, but in the summer of 2022, we found a lot of traction and interest in the EV charger and solar installation industries exploding all over the country,” he said.

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.

Chris Cunningham, founder and managing partner at C2 Ventures, said Condoit’s software in development will “rapidly accelerate and standardize processes in the electrical industry.”

“The platform will be a critical tool for the industry to tackle the wave of electrification we’re going to see over the next decade and into the future,” he said.

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