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 as of December 31, 2022. 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 as on 31 Dec, 2022
- Founders Anuraag Yachamaneni, Alex Stewart
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Sectors
Real Estate & ConstructionTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Conduit For Work, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$150 K (USD)
in 1 rounds
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Latest Funding Round
$150 K (USD), Seed
Aug 26, 2020
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Investors
Buildforce
& 1 more
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Employee Count
2
as on Dec 31, 2022
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Acquired by
Buildforce
(Dec 18, 2024)
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Products & Services of Conduit
Conduit offers a comprehensive portfolio of products and services, including Job Board and Electrical Training Course. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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 Total Funding
- Total Rounds 1
- Last Round Seed — $150,000
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First Round
First Round
(26 Aug 2020)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2020 | Amount | Seed - Conduit | Valuation | Y Combinator |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Conduit
Conduit has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Buildforce and Y Combinator. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage startups are accelerated via funding and educational programs.
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Founded Year | Domain | Location | |
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Construction workers are matched with employers via online platform.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Conduit
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Conduit
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Conduit Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Construction workers are matched with employers via online platform.
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| domain | founded_year | HQ Location |
Homeowners are connected with tradesmen via online reverse auction platform.
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| domain | founded_year | HQ Location |
On-demand staffing for construction projects is facilitated online.
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| domain | founded_year | HQ Location |
Job site management software is provided for field workforces.
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| domain | founded_year | HQ Location |
Blue-collar professionals are recruited via a mobile platform.
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| domain | founded_year | HQ Location |
A job portal for construction professionals is operated by LABR.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Conduit
When was Conduit founded?
Conduit was founded in 2020.
Where is Conduit located?
Conduit is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Conduit?
Anuraag Yachamaneni is the current CEO of Conduit. They have also founded this company.
Is Conduit a funded 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 26, 2020.
How many employees does Conduit have?
As of Dec 31, 2022, the latest employee count at Conduit is 2.
What does Conduit do?
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.
Who are the top competitors of Conduit?
Conduit's top competitors include Kraaft, Buildforce and Project Hero.
What products or services does Conduit offer?
Conduit offers Job Board and Electrical Training Course.
Who are Conduit's investors?
Conduit has 2 investors. Key investors include Buildforce, and Y Combinator.