Fundraising Fox

Conductor Capital

Venture debt

Durham Β· Growth

Also known as CONDUCTOR CAPITAL MANAGEMENT, LLC

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Investment thesis

Conductor Capital offers growth-oriented, non-dilutive debt capital positioned as more flexible than bank debt and less dilutive than venture equity. It targets US-based, growth-stage technology companies with well-defined unit economics β€” typically at or approaching $5M ARR, roughly 65%+ gross margins and 20%+ growth, even if still burning cash. Typical investments range from $3-5 million. The firm focuses on software, tech-enabled services, healthcare IT, marketplaces and other recurring-revenue models. Capital is used for refinancing existing debt, financing acquisitions, and extending runway to profitability or a liquidity event. The firm emphasizes a founder-centric approach, backed by co-founders and a Founders Circle of experienced entrepreneurs.

Source: firm website, verified Aug 7, 2026.

Stage
Growth
Check
$3M – $5M
HQ
Durham, US
Leads rounds
Follows
Instruments
Debt
Founded
2024
Tracked investments
9

What they invest in

from 4 of 9 portfolio companies

SaaS Γ—3AI & Machine Learning Γ—2Enterprise Software Γ—2AgTech Γ—1Cleantech Γ—1Energy Γ—1FoodTech Γ—1HR Tech Γ—1

HQs:United StatesΓ—4

Investments Β· 9 tracked

founders shown can be your intro path
Axelaaxela.com
Barn2Doorbarn2door.com

Barn2Door provides software for independent farmers across America to sell their products, manage sales, and reduce administrative work.

AgTechFoodTechSaaSSeattle, US

KATHY CHILL(Director)JANELLE MAIOCCO(Executive Officer, Director)JAMES MAIOCCO(Executive Officer, Director)

BoardDUNCAN DAVIDSON(Director)

Famafama.ioin𝕏Jul 2015

Fama provides AI-powered social media screening software to identify workplace-relevant behavioral risks during pre-employment and ongoing employee screening.

AI & Machine LearningHR TechSaaSNational Harbor, US

Saiful Khandaker(Executive Officer, Director, Promoter)

Grayscaleappgrayscaleapp.com
Incentivioincentivio.comin
Officehoursofficehours.com
Pikmykidpikmykid.comin𝕏
Supply Wisdomsupplywisdom.comin𝕏

Supply Wisdom provides continuous monitoring of suppliers and their locations across financial, cyber, compliance, sustainability, and operational risks, delivering real-time alerts to enterprise customers.

Enterprise SoftwareSaaSNew York, US

Tom Thimot(Director)Jenna Wells(Executive Officer, Director)inJames Douglass(Director)Frank Dalton(Director)Jim Routh(Director)Nathaniel Fick(Director)

Voltaiqvoltaiq.comin𝕏

Voltaiq provides an enterprise Battery AI software platform for companies that develop and produce battery products, helping engineers analyze battery data to identify and resolve issues, scale production, and speed product development.

AI & Machine LearningCleantechEnergyEnterprise SoftwareBrooklyn, US

Tal Sholklapper(Co-founder & CEO)Eli Leland(Co-founder & CTO)Michael Berolzheimer(Director)

Frequently asked questions

What stage does Conductor Capital invest at?
Conductor Capital invests at the Growth stage.
What is Conductor Capital's typical check size?
Conductor Capital typically writes checks of $3M – $5M.
What sectors does Conductor Capital focus on?
Conductor Capital focuses on B2B Marketplaces, Enterprise Software, Healthtech, Marketplaces, SaaS.
Where is Conductor Capital located?
Conductor Capital is headquartered in Durham, US.
Does Conductor Capital lead rounds?
Conductor Capital typically participates in rounds rather than leading them.

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