Condoit, the leading platform for digitizing the electrical industry, announced it has closed a $4.25M seed round. The funds will be used to accelerate product development, expand its national sales team, enhance customer support and success, and meet growing demand in the market.
With Condoit, electrical firms and their network of property owners, facility managers and subcontractor companies can share valuable data and collaborate on projects in real-time with their “SaaS for electricians” solution.
The company closed an oversubscribed round at $4.25M led by The Westly Group (Tesla, Procore) with participation from Fontinalis Partners (Lyft, Postmates), Navitas Capital (PlanGrid, Matterport), C2 Ventures, Studio Management, and Overline with a strategic investment by leading global wire and cable manufacturer, Southwire.
