Conduct, a London, UK–based enterprise AI startup, has raised $12 million in a Seed funding round.
Investors
The round was led by Creandum, with participation from Lucid Capital, Booom, and angel investors from Palantir, Google DeepMind, Workday, and a senior leader at SAP.
Creandum is a European early-stage venture capital firm, founded in 2003 and headquartered in Stockholm, with offices in Berlin, London, and San Francisco. It backs companies from Seed through Series A (and sometimes beyond) across sectors such as consumer tech, SaaS, fintech, healthtech, AI, and enterprise applications.
Conduct Use of Funds
The company will use the funds to scale its AI platform, accelerate product development, and support enterprises in modernizing legacy ERP estates.
About Conduct
Founded in 2024 by Jan Philipp Haas, Philipp Hoefer, and Henry Thompson, Conduct is an enterprise AI company building a platform designed to help enterprise IT teams understand and innovate on top of their existing systems. Its agentic AI makes opaque ERP estates transparent and actionable, allowing IT leaders and business stakeholders to converse directly with their ERP systems. Conduct’s mission is to lead the largest transformation in enterprise IT by modernizing legacy ERP systems.
Funding Details
Company: Conduct AI Ltd.
Raised: $12.0M
Round: Seed
Funding Date: September 2025
Lead Investor: Creandum
Additional Investors: Lucid Capital, Booom, angels from Palantir, Google DeepMind, Workday, and SAP
Company Website: https://www.conduct.ai/
Software Category: Enterprise AI / ERP Modernization
Source: https://tech.eu/2025/09/18/conduct-emerges-from-stealth-to-transform-legacy-it-with-ai-agents/