Fundraising Fox

Conductor Capital

Venture debt

Durham Β· Growth Β· 5 people tracked

Also known as CONDUCTOR CAPITAL MANAGEMENT, LLC

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Investment thesis

Conductor Capital offers founder-centric, non-dilutive growth capital to US-based technology companies with recurring revenue models. It typically invests $3-5 million in growth-stage businesses at or approaching $5 million ARR, with roughly 65%+ gross margins and 20%+ growth rates, even if still burning cash. Target sectors include software, tech-enabled services, healthcare IT, and marketplaces. The firm's capital solutions are designed to help companies with well-defined unit economics scale efficiently, and are used to fund organic growth, refinance existing debt, finance acquisitions, and extend runway to profitability or a liquidity event. Founded by veterans of venture debt platforms at Square 1 Bank and Signature Bank alongside experienced entrepreneurs.

Source: firm website, verified Aug 25, 2026.

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

Team Β· 5 people

from the firm's website & curated
Dhruv PatelΒ· Managing Partnerin

Managing Partner at Conductor Capital with experience in venture debt and serving entrepreneurs.

Founder mafia

4 people who came through Conductor Capital went on to found or lead other companies.

What they invest in

from 9 of 9 portfolio companies

SaaS Γ—7AI & Machine Learning Γ—5Enterprise Software Γ—2FoodTech Γ—2HR Tech Γ—2AgTech Γ—1Cleantech Γ—1Cybersecurity Γ—1

HQs:United StatesΓ—7

Investments Β· 9 tracked

founders shown can be your intro path
Axelaaxela.comin

Axela provides accounts receivable automation and AI-powered collections software for HOAs, condo associations, and rental managers to recover unpaid assessments and rent.

AI & Machine LearningFintechPropTechKey Biscayne, US

Martin Urruela(Founder)Juan Urruela(Director)Roberto Aitkenhead(Director)Sheldon Lewis(Director)Tyler Gill(Director)Thomas Kiernan(Director)

Barn2Doorbarn2door.com

Barn2Door provides software and services for farmers to sell their products online and in person, automating orders, payments, inventory, email campaigns, and delivery logistics.

AgTechE-commerceFoodTechSaaSSeattle, US

Janelle Maiocco(Founder)inJAMES MAIOCCO(Executive Officer, Director)

BoardDUNCAN DAVIDSON(Director)inKATHY CHILL(Director)

Co-investorsBullpen CapitalFf Venture CapitalFourth RealmSocial StartsDecathlon Capital PartnersGlobal Founders Capital+2 more

Famafama.ioin𝕏Jul 2015

Fama uses AI to conduct online screening of individuals for compliance purposes, analyzing public web presence.

AI & Machine LearningHR TechSaaSNational Harbor, US

Saiful Khandaker(Executive Officer, Director, Promoter)

Co-investorsBonfire VenturesBullpen CapitalCrosscut VenturesK5 VenturesSilverton PartnersSocial Starts+1 more

Grayscaleappgrayscaleapp.comin𝕏

Grayscale offers AI-powered candidate engagement tools for recruiting and talent acquisition teams, helping them communicate with and engage candidates throughout the hiring process.

AI & Machine LearningHR TechSaaS

Co-investorsAtlanta Tech Village

Incentivioincentivio.comin

Incentivio offers a guest engagement platform for multi-unit restaurant brands, combining online ordering, loyalty programs, marketing automation, and analytics into one system.

FoodTechMarketing TechSaaSBoston, US

Sashika Dias(Executive Officer, Director)Rajat Bhakhri(Executive Officer, Director)

BoardPhil Bronner(Director)Julia Taxin(Director)inSean Dowling(Director)James Frischling(Director)

Co-investorsArdent VentureBlueTree Venture CapitalBranded Strategic HospitalityData Point CapitalGrotech VenturesOsage Venture Partners

Officehoursofficehours.com

Office Hours is an expert network that connects professionals from tech and life sciences organizations with clients seeking their knowledge through paid virtual consultations, surveys, and AI model training work such as data labeling and RLHF.

AI & Machine LearningFuture of WorkMarketplacesSan Francisco, US

Patrick Reynolds(Founder)

Pikmykidpikmykid.comin𝕏

Pikmykid is a school safety and dismissal platform offering digital hall passes, dismissal management, emergency reunification, mass messaging, and visitor management for K-12 schools.

EdTechGovTechSaaS

Co-investorsFlorida FundersGrowth Street Partners

Supply Wisdomsupplywisdom.comin𝕏

Supply Wisdom provides third-party risk management (TPRM) tools and risk intelligence to help organizations continuously monitor and assess vendor and enterprise risk across domains.

CybersecurityEnterprise SoftwareSaaSNew York, US

Atul Vashistha(Founder)inSandeep Suresh(Managing Director & Co-Founder)inJenna Wells(CEO)inSean Cleary(Chief Financial Officer)inScott Pollak(Chief Technology Officer)inShelley Leibowitz(Director)

Co-investorsFlorida FundersFulcrum Equity PartnersJurassic Capital

Voltaiqvoltaiq.comin𝕏

Voltaiq offers an AI-powered SaaS platform for the battery industry that collects and harmonizes data across the battery lifecycle, automates anomaly and quality detection, and provides root-cause analysis and natural-language data querying.

AI & Machine LearningCleantechEnergyEnterprise SoftwareSaaSBrooklyn, US

Tal Sholklapper(Co-founder & CEO)inEli Leland(Co-founder & CTO)in

BoardMichael Berolzheimer(Director)in

Co-investorsAnzu PartnersBee PartnersSJF VenturesThin Line Capital

Portfolio news

latest coverage across their companies
Portfolio: voltaiq : Bee Partners

Voltaiq Β· beepartners.vc Β· Apr 20, 2026

Fama Technologies Inc. Raises $1 | Signalbase

Fama Β· trysignalbase.com Β· Mar 24, 2026

Frequently asked questions

How many investments has Conductor Capital made?
Conductor Capital has 9 tracked investments.
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.
Who does Conductor Capital co-invest with?
Conductor Capital most often shares deals with Bullpen Capital, Florida Funders, Social Starts, among 20 tracked co-investors.

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