Panasonic Corporation announced today the launch of Conductive Ventures II, with a commitment of $150m, a 50% increase from the first fund.
Headquartered in California, the new fund will invest in expansion stage enterprise software and hardware technology companies in the areas including artificial intelligence, financial technology, digital health, future of work, commerce, autonomous vehicle technologies, advanced manufacturing, among others.
The first fund invested in companies such as Ambiq Micro, Blueshift, CSC Generation, Desktop Metal, Gen. G, Jackpocket, Proterra, Self, Sprinklr, Survata and Versatile. Despite the young vintage of Fund I, one of its first investments, Desktop Metal, has announced its intention to go public.
Led by Carey Lai, Managing Director, Conductive Ventures will continue to make investments in expansion stage companies that have initial product-market fit and early customer success.
Panasonic has invested in Silicon Valley startups for over 20 years since 1998. As a member of the venture capital community, the company has been supporting these portfolio companies by providing business development and sales and cross-border expertise. By collaborating with these technology companies to explore new business opportunities, the company seeks strong financial returns and potential to drive future growth.
FinSMEs
14/09/2020