Conduct raises $60M in Series A

Conduct, a London-based enterprise software firm, has secured $60 million in a Series A funding round led by ICONIQ Growth. This financial injection marks a significant step for Conduct, which aims to assist large corporations in understanding and transforming their intricate software systems, particularly focusing on complex platforms such as SAP.

The Series A funding, closed as of June 17, 2026, represents a notable commitment from ICONIQ Growth, a venture capital firm known for its investments in technology-driven enterprises. The exact structure of the funding, including any equity distribution or specific participation by other investors, remains undisclosed at this time.

Conduct's platform provides insights into corporate software operations, enabling organizations to optimize and manage their digital architecture more effectively. The funding will likely enhance the company's capacity to develop its technology further and expand its customer base. Given the complexities associated with systems like SAP, Conduct’s solutions could be pivotal for enterprises seeking increased efficiency and reduced system redundancy.

In the broader enterprise software landscape, this investment underscores a trend towards addressing the operational challenges faced by companies operating on legacy and complex systems. Competitors in this sector may feel pressures to innovate similarly or face attrition of clientele to firms like Conduct that offer cutting-edge solutions.

Looking forward, Conduct will need to navigate a rapidly evolving market and maintain strategic growth to leverage this capital infusion effectively. This will involve not only technological advancements but also potential expansions into new markets, subject to successful deployment of their newfound resources. As Conduct positions itself further in the enterprise solutions sector, its activities may attract additional investor interest and potentially spur further investment rounds.