Conduit Connect backs high-growth, impact-driven ventures across climate, health, education, and inclusion as the venture capital partner to the Conduit Club.
Portfolio
4
companies
Matoha
Matoha builds AI-powered material identification scanners for efficient textile sorting and recycling.
Heatio
Heatio develops a smart home energy platform to manage and optimise renewable technologies.
Sorted
Sorted develops artificial intelligence-enabled technology to improve recycling and material sorting in waste management.
RideTandem
RideTandem connects workers in transport deserts with sustainable shared commuter solutions.
Alexander Shapiro
Investment Manager
The seed round was co-led by Archipelago Ventures and Circular Plastics Accelerator to support the development of material identification scanners.
"This investment will enable Matoha to take our technology to the next level."
Ascension led the oversubscribed seed round with backing from a syndicate of co-investors.
"Our ability to help homeowners access affordable energy via our Flexx platform and virtual power plant drives energy security and helps the UK get to a clean, green future. When we launched Heatio two years ago, our priority was to help more consumers access green technology and reduce the use of fossil fuels to decarbonise their homes. Through this investment, we are moving closer to making that a reality. We are looking forward to driving our expansion and working with industry leaders and would like to extend our appreciation to every investor for helping us get where we are today."
The seed round was led by Pi Labs with backing from Archipelago Ventures, Circular Plastics Accelerator, Conduit Connect, Antler, and angel investors.
"Our mission is to help waste management companies sort their waste more effectively and maximise recovery of recyclable materials through aiding Materials Recovery Facilities (MRFs) and Plastic Recovery Facilities (PRFs) in improving their workforce efficiency. We use AI to augment and better enable human pickers, and our UK pilots show increased revenue and performance as well as reduced costs through using Sorted’s technology."
The seed round was led by 1818 Venture Capital to support product and engineering recruitment.
"We met some fathers in a small town outside Rochdale. Hearing their experience of transport poverty – they were looking for work, there were opportunities just a 15-minute drive away, but they couldn’t drive and there was no viable way to get there by public transport – was mind-blowing."
