Japan-headquartered electronics producer Panasonic yesterday launched the $150m second fund for Conductive Ventures, the US-based growth equity firm it sponsors.
Conductive Ventures launched its first vehicle in April 2018 with $100m in capital provided by Panasonic as is its sole limited partner.
The firm said this week its portfolio includes semiconductor provider Ambiq Micro, electric bus manufacturer Proterra, marketing software producer Sprinklr and additive manufacturing technology provider Desktop Metal, which is pursuing a $2.5bn reverse merger.
Conductive Ventures II will invest in expansion-stage technology developers in areas such as artificial intelligence, digital health, advanced manufacturing, commerce, autonomous vehicles and financial technology as well as the future of work.
Carey Lai, managing director and president of Conductive Ventures, said: “Uncertainty is rife in today’s global economy.
“We are committed to helping expansion stage companies build on their foundation, leverage their talent and innovation and weather the storm to bring to market ideas and technologies that will have a positive impact on their respective industries and – collectively – on the economy.”
