Wednesday, April 11, 2018

Conductive Ventures Launches $100M Enterprise Software, Hardware Fund

Palo Alto-based Conductive Ventures said Tuesday that it has launched a new enterprise software and hardware fund, with $100M in capital. The new fund was founded by Carey Lai and Paul Yeh. According to the fund, it will deploy $100M to either lead or follow investments in expansion stage companies focused on enterprise software and hardware. The fund has alrady invested in four companies, Ambiq Micro, CSC Generation, Desktop Metal, and Sprinklr. Lai previously served at Institutional Venture Partners (IVP) and Intel Capital, and Yeh was most recently a Partner at Kleiner Perkins Caufield & Byers (KPCB), and also had worked at Ford, Tesla, Next Autoworks, and Fisker Automotive.