# Conduit Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/conduit-technology

- Industry: Financial Services
- Headquarters: Kalispell, US
- Website: www.conduitpay.com
- Total disclosed funding: $59M
- Latest round: Series A (Feb 21, 2025)
- Investors on record: 18

## About

Founded in 2021 and based in the US, Conduit Financial Technologies Corp. operates as a decentralized finance (DeFi) company. Kirill Gertman (CEO) and Michael Gregson are the co-founders of the company. In May 2025, Conduit Technology, Inc. raised USD 36 million in series C funding co-led by Altos Ventures and Dragonfly, with participation from Circle Ventures, Commerce Ventures, Digital Currency Group, Sound Venture, Helios Digital Ventures Advisors, Portage Ventures, and other unspecified investors. The company enables fintechs, neobanks, and exchanges to connect their customers with crypto-backed products using one API for DeFi. It supplies application programming interfaces that allow them to provide DeFi products to their customers. Companies can use APIs that ease compliance and development to integrate DeFi products into their own platform and give a customer-friendly experience with Conduit. The company will use the May 2025 funding to expand into new markets and support additional fiat and digital currencies on its real-time cross-border payments platform.

## Funding rounds

- Series A, Feb 21, 2025, $36M — Altos Ventures, Commerce Ventures, Digital Currency Group, Sound Ventures, Portage Ventures, Dragonfly Digital Management, Circle Ventures, Helios Digital Ventures Advisors
- Seed, Aug 12, 2024, $6M — Helios Investment Partners
- Seed, Jan 13, 2022, $17M — Inovia Capital, Discovery Ventures, Core Innovation Capital, Gaingels, Portage Ventures, Diagram, Gradient Ventures, Fin Capital, Gemini, Jump Crypto

## Investors

- Inovia Capital (https://capitalatlas.ai/funds/inovia-capital) — Seed
- Discovery Ventures — Seed
- Core Innovation Capital (https://capitalatlas.ai/funds/core-innovation-capital) — Seed
- Gaingels (https://capitalatlas.ai/funds/gaingels) — Seed
- Portage Ventures (https://capitalatlas.ai/funds/portage-ventures) — Seed, Series A
- Diagram (https://capitalatlas.ai/funds/diagram) — Seed
- Gradient Ventures (https://capitalatlas.ai/funds/gradient-ventures) — Seed
- Fin Capital (https://capitalatlas.ai/funds/fin-capital) — Seed
- Gemini (https://capitalatlas.ai/funds/gemini) — Seed
- Jump Crypto — Seed
- Helios Investment Partners (https://capitalatlas.ai/funds/helios-investment-partners) — Seed
- Altos Ventures (https://capitalatlas.ai/funds/altos-ventures) — Series A
- Commerce Ventures (https://capitalatlas.ai/funds/commerce-ventures) — Series A
- Digital Currency Group (https://capitalatlas.ai/funds/digital-currency-group) — Series A
- Sound Ventures (https://capitalatlas.ai/funds/sound-ventures) — Series A
- Dragonfly Digital Management (https://capitalatlas.ai/funds/dragonfly-digital-management) — Series A
- Circle Ventures — Series A
- Helios Digital Ventures Advisors — Series A