$1M invested in Birmingham-based Con.doit + more tech news in Alabama
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Following their graduation from the Techstars Alabama Energy Tech Accelerator, Birmingham-based Con.doit has secured $1M in funding from several investors, including the Alabama Futures Fund, Overline Venture Capital and Techstars itself. And that’s not all—we took a look at several exciting tech stories from across the state. Here are all the details 👇
1. Con.doit secures $1M in funding after Techstars Alabama Energy Tech Accelerator
- Con.doit: 205.603.7981 | Email | Website | Facebook | Instagram
- Address: 1143 1st Avenue South, Birmingham, AL 35233
Birmingham-based tech company Con.doit has recieved $1M in a pre-seed funding round, following the company’s graduation from the first Techstars Alabama Energy Tech Accelerator. The funding came from several large-scale investors: the Alabama Futures Fund, Techstars and Atlanta-based Overline Venture Capital.
Founded in June 2020 by CEO Ian Hoppe and CTO Jim Crapia, Con.doit is developing an app that digititizes electrical systems for commercial and industrial use. Currently, most electrical systems are documented on paper drawings. With Con.doit, users can transfer that data into the cloud, where it can be tested for efficiency, failure simulations and monitored for errors.
2. Four companies selected by Endeavor Atlanta for ScaleUp Birmingham
Endeavor Atlanta, an organization that aims to help entrepreneurs build up their companies, has announced the four startups participating in their second ScaleUp Birmingham program. Although Endeavor Atlanta is based out of (you guessed it) Atlanta, the company has expanded to The Magic City in the past year. In 2020, Endeavor Atlanta selected Fledging, Case Status, Smart Alto and O3 Solutions as their inaugural Birmingham cohort.
Now, Endeavor Atlanta has selected several successful startups in The Magic City to participate in the second cohort of ScaleUp Birmingham:
- Acclinate: A company addressing the under-representation of ethnically diverse people in clinical trials, which can affect the efficacy of treatments.
- Boulo Solutions: A company that connects women to flexible professional opportunities that fit their career path and goals.
- Immediate: A startup dedicated to providing on-demand access to earned wages and financial advice to a large number of workers.
- Linq: A modern networking solution offering electronic business cards available with a tap on the phone.
3. Birmingham startup veteran Shegun Otulana joins Copysmith after $10M investment
One of Birmingham’s biggest success stories, Shegun Otulana, has taken the reigns of Canadian startup Copysmith as the company’s new CEO. Originally from Nigeria, Shegun Otulana built Therapy Brands into one of the most successful startups in the city—in fact, a New York-based investment company recently purchased the majority share of Therapy Brands for $1.2B. After growing Therapy Brands, Shegun launched Harmony Venture Labs (HVL), an Alabama-based venture studio that helps grow ideas into successful technology companies.
Now, Shegun Otulana will be running Copysmith as its new CEO, following a $10M investment from HVL. Copysmith was originally founded in Canada by Jasmine and Anna Wang in October 2020, and uses Artificial Intelligence (AI) to help develop high-performing advertisements, product descriptions, emails and more in a matter of seconds.
Know of more startup news in Alabama? Tag us @thebamabuzz to let us know!
