Participated · Seed · Apr 2024

Condoit provides a mobile-first platform that enables electrical firms to conduct electrical infrastructure assessments, design, and analysis remotely and collaboratively during bid and project stages. Electricians use its iOS and Android app to capture photos, conduct site walks, and remotely log data, aiming to streamline field processes and reduce labor costs. The product is positioned as an electrician-first tool to save time and improve accuracy for contractors of any size. Condoit launched out of the TechStars Alabama EnergyTech Accelerator in 2020 and was founded by former commercial electrician Ian Hoppe. The company is based in Birmingham, AL. It plans to use new funding to accelerate product development, expand a national sales team, and enhance customer support and success to meet market demand. Con.doit (Arges, Inc.) is a Birmingham-based software company that maps, monitors performance, and predicts potential failures in commercial building electrical systems. Its core product is the Electrical System Record (ESR), a platform that consolidates electrical equipment records, system efficiency, safety and reliability into a digital dashboard. The ESR comprises a Collection Module, IoT Module, Failure Prediction System, Efficiency Modeling Module, and a System Analysis and Dashboard. Con.doit's offerings can be broken into electrical system mapping and monitoring, and the platform supports third-party design, insurance, and maintenance plug-ins for deeper integration. The company was founded by CEO Ian Hoppe and CTO Jim Crapia; Hoppe brings commercial and industrial electrical contracting and engineering design experience, while Crapia has 29 years as a software engineer/architect. Con.doit recently graduated from the inaugural Techstars Alabama Energy Tech Accelerator cohort and is targeting electrical engineering firms, commercial property owners, and property managers as customers.

Participated · Series B · Apr 2023

VoltServer commercializes Fault Managed Power (FMP), a transmission technology that sends electricity in small, safety-checked packets embedded with data and sold under the brand Digital Electricity. The company manufactures FMP transmission products and supplies systems with extensive monitoring and control software that augment the hardware. VoltServer reports circuits installed in buildings including NFL stadiums, smart hotels, and indoor vertical farms. Led by CEO Steve Eaves and based in East Greenwich, RI, the company plans to use new funding to hire talent to accelerate product development. It intends to expand further into Communications, Intelligent Buildings, Indoor Agriculture, EV Charging, Data Centers, and other applications where rapid, lower-cost, data-enabled electricity distribution can benefit customers. The company raised new capital in 2023 to support those product and go-to-market efforts. VoltServer develops a packetized power-transmission system that overlays digital control and data onto electricity distribution, using a transmitter that breaks AC or DC into packets and a receiver that reassembles them. Its architecture incorporates digital signal processing and a semiconductor gateway similar to solar power converters to stop transmission when faults occur. The company combines hardware and software: customers buy transmitter/receiver boxes, third parties install them, and software applications track energy usage and manage outage responses. Roughly 700 stadiums, large offices and indoor grow facilities have deployed its technology; typical installations run from $30,000 to $1 million, and the largest installation is a lettuce farm in Florida. VoltServer is targeting intelligent building infrastructure, communications and indoor agriculture as core markets and says its technology can cut traditional power-transmission costs from about $36 per linear foot to less than $10. The company recently attracted a $7.4 million financing led by Sidewalk Labs and has raised $18 million to date from a group of energy-focused investors. VoltServer provides patented solutions that deliver electricity in a natively digital format by combining energy and data into energy packets transmitted from a VoltServer transmitter to a receiver. The transmitter verifies each packet and halts transmission if there is improper wiring, a short circuit, or a person touching the transmission lines. The company began shipping in early 2015 and currently powers 4G/LTE mobile services in many large sports stadiums, office towers, hotels, condominiums and medical buildings. VoltServer intends to use recent funding to support ongoing mobility deployments and trials worldwide and to expand its remote powering solutions into adjacent markets such as converged fiber optic communications (FTTx, POL), smart LED lighting, centralized battery-backed/critical power/UPS, data center and alternative energy applications. The company is led by founder and CEO Steve Eaves.