Palo Alto, Calif.-based Conductive Ventures has begun venture capital operations.
Led by venture capitalists Carey Lai and Paul Yeh, Conductive Ventures will deploy $100M to either lead or follow investments in expansion stage companies focused on enterprise software and hardware. Additionally, the firm works closely with its portfolio companies to deliver demonstrable revenue acceleration through targeted introductions and partnerships.
Conductive Ventures aims to help portfolio companies access Japan through its relationship with Panasonic and its corporate partners.
The team has already invested in Ambiq Micro, CSC Generation, Desktop Metal, and Sprinklr.
Together, both Lai and Yeh bring over 30 years of complementary experience in venture capital, entrepreneurship and operations.
Lai spent his venture capital career at both Institutional Venture Partners (IVP) and Intel Capital where he invested in enterprise software companies including 500Friends (acquired by Merkle), Box (BOX), BrightEdge, Gigya (acquired by SAP), Nexmo (acquired by Vonage), Onefinestay (acquired by AccorHotels), Sprinklr, SweetLabs, Synchronoss (SNCR) and UUCUN (acquired by Baidu).
Yeh spent the early part of his career in product development and operations with a number of hardware and manufacturing companies including Ford, Tesla, Next Autoworks, and Fisker Automotive. Most recently, he was a Partner at Kleiner Perkins Caufield & Byers (KPCB) where he focused on hardware and sustainability investments. Yeh has worked as a board director/observer with entrepreneurs at AEye, Ambiq Micro, Beyond Meat, Crossbar, Desktop Metal, DJI, Ionic Materials, LuxVue (acquired by Apple), mCube, Motiv, Relayr, and Solidia.