About Conduit
Conduit is a company based in San Francisco (United States) founded in 2020 by Anuraag Yachamaneni and Alex Stewart was acquired by Buildforce in December 2024. It operates as a Two-Sided Marketplace. Conduit has raised $150 thousand across 1 funding round from investors including Buildforce and Y Combinator. The company has 2 employees. Conduit offers products and services including Job Board and Electrical Training Course. Conduit operates in a competitive market with competitors including Buildforce, Rated People, Project Hero, Kraaft and Sukedachi, among others.
- Headquarter San Francisco, United States
- Employees 2
- Founders Anuraag Yachamaneni, Alex Stewart
- SectorsReal Estate & ConstructionTechnology
- Email••••••••
- Website meetladder.com
- Social LinkedIn X Facebook Instagram
- Acquired by Buildforce (Dec 2024)
- Legal Name Conduit For Work, Inc
- Total Equity Funding$150K (USD)
in 1 rounds
- Latest Funding Round$150K (USD), Seed
Aug 2020
- InvestorsBuildforce
& 1 more
- Employee Count2
- Acquired byBuildforce
(Dec 2024)
Products & Services of Conduit
Conduit offers a comprehensive portfolio of products and services, including Job Board and Electrical Training Course.
A platform for construction workers to find jobs.
Free course providing basic electrical industry training.
Funding Insights of Conduit
Conduit has successfully raised a total of $150K through 1 strategic funding round. The most recent funding activity was a Seed round of $150 thousand completed in August 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $150,000
- Total Rounds 1
- Last Round Seed — $150,000
- First Round $150,000
(Aug 2020)
- Investors Count 1
All 1 funding rounds of Conduit with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2020 | $150,000 | Seed | – | Y Combinator | – |
2 investors in total: 2 institutional.
Investors in Conduit
Conduit has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Buildforce and Y Combinator.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage startups are accelerated via funding and educational programs. | – | ycombinator.com | Mountain View, United States | |
Construction workers are matched with employers via online platform. | 2019 | buildforce.com | Houston, United States |
Investor details for Conduit
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Conduit
2 people are tracked at Conduit (2 in leadership); the tracked headcount is 2.
| Name | Role | Group |
|---|---|---|
Anuraag Yachamaneni | Co-Founder & CEO | Leadership |
Alex Stewart | Co-Founder | Leadership |
Complete people profiles for Conduit
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Conduit
3 dated milestones of Conduit across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Conduit is founded.
- Funding First funding round of $150K.
- Exit Acquired by Buildforce.
Competitors of Conduit
Conduit operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Buildforce, Rated People, Project Hero, Kraaft and Sukedachi, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| buildforce.com | 2019 | Houston, United States | $12.49M | 25 | Construction workers are matched with employers via online platform. | |
| ratedpeople.com | 2005 | London, United Kingdom | $19.7M | 81 | Homeowners are connected with tradesmen via online reverse auction platform. | |
| projecthero.in | 2021 | Bengaluru, India | $3.66M | 11 | On-demand staffing for construction projects is facilitated online. | |
| kraaft.co | 2018 | Paris, France | $16.8M | – | Job site management software is provided for field workforces. | |
| suke-dachi.jp | 2017 | Tokyo, Japan | $36.58M | – | Blue-collar professionals are recruited via a mobile platform. | |
| labr.com | 2020 | Grand Rapids, United States | $100,000 | – | A job portal for construction professionals is operated by LABR. | |
| archslate.com | 2019 | San Francisco, United States | $700,000 | – | Online jobs portal for the architects |
Detailed competitors of Conduit
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- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Similar companies to Conduit
10 companies that operate in the same segment as Conduit (Construction & Building Tech), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Multi-category products are supplied via a B2B marketplace platform. | 2015 | Singapore, Singapore | USD 470.85 M | USD 642.28 M | 1,331 | |
SaaS project management software is provided for construction professionals. | 2003 | Carpinteria, California, United States | USD 405.2 M | USD 1.32 B | 4,200 | |
Cloud-based positioning solutions are offered for industrial sectors. | 1978 | Sunnyvale, California, United States | – | USD 3.59 B | 12,100 | |
Digital procurement and supply solutions for construction materials are facilitated. | 2016 | Thane, Maharashtra, India | USD 763.1 M | USD 1.43 B | 1,710 | |
Provider of cloud and AI-based virtual tour solutions for construction professionals | 2011 | Sunnyvale, California, United States | USD 163.18 M | – | – | |
Hover is recognized for providing construction and renovation software solutions. | 2011 | San Francisco, California, United States | USD 142.3 M | – | – | |
Cloud-based CRM and project management software for contractors is provided. | 2011 | American Fork, Utah, United States | USD 383 M | – | – | |
Cloud-based AR-enabled photo collaboration for field services is provided. | 2015 | Lincoln, Nebraska, United States | USD 36.25 M | – | – | |
AI and app-based smart windows are provided for buildings. | 2007 | Milpitas, California, United States | USD 3.71 B | – | – | |
Provider of management solutions for the construction sector | 1963 | Munchen, Bayern, Germany | – | USD 1.4 B | – |
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Frequently Asked Questions about Conduit
Conduit was founded in 2020.
Conduit is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Anuraag Yachamaneni is the current CEO of Conduit. They have also founded this company.
Conduit is a funded company, having raised a total of $150K across 1 funding round to date. The company's 1st funding round was a Seed of $150K, raised on Aug 2020.
Conduit has 2 employees.
Conduit is operated as a recruitment platform connecting construction workers with contractors seeking full-time employees. Focus is placed on the skilled trades, particularly in the electrical industry. A free online training course is offered to newcomers, covering industry basics, safety, and electrical theory. Support is extended to entry-level positions, with many contractors hiring helpers through the platform. The service is designed to streamline hiring processes for contractors while facilitating job opportunities for workers in the construction sector across the United States.
Conduit's top competitors include Kraaft, Buildforce and Project Hero.
Conduit offers Job Board and Electrical Training Course.
Conduit has 2 investors. Key investors include Buildforce, and Y Combinator.
Conduit operates through Conduit For Work, Inc.
Yes. Conduit was acquired by Buildforce in December 2024.