Conductive Ventures

History

2021: Investing in Blueshift Marketing Platform Developer

On February 24, 2021, Blueshift announced the raising of $30 million. The Series C funding round was led by Fort Ross Ventures, which invested $10 million. Avatar Growth Capital, Softbank Ventures Asia, Storm Ventures, Conductive Ventures and Nexus Venture Partners also took part in the deal. More details here.

2020: Panasonic has created a venture fund to invest $150 million in AI and digital medicine

On September 15, 2020, Panasonic announced the creation of the Conducting Ventures II venture fund. Its volume is $150 million.

The company intends to invest in promising software and equipment developers, including in the field of artificial intelligence, unmanned vehicles, finance, digital health care, the future of labor, commerce, production technologies, etc. The foundation will be based in California.

This is Panasonic's second venture fund run by Conductive Ventures. The first - Conductive Ventures I - with similar assets was created in 2017. During its existence, he invested in companies such as Ambiq Micro, Blueshift, CSC Generation, Desktop Metal, Gen. G, Jackpocket, Proterra, Self, Sprinklr, Survata and Versatile. One of the participants in the portfolio - Desktop Metal - has already announced its intention to enter the exchange.

Conductive Ventures II will invest in startups as part of the Series A and Series C rounds. It is expected that more start-up developers will receive financial support than in the case of the first Conducting Ventures fund, which has invested 100 million in 17 projects.

Panasonic announces establishment of Conducting Ventures II venture fund

Uncertainty has become commonplace in the modern global economy, "says Carey Lai, managing director of the investment company Conductive Ventures. - We help companies at the stage of development to form the basis of their own business, develop talents and innovations. So that they survive these difficult times and bring ideas and technologies to the market that will improve the relevant industries and the economy as a whole.

According to a press release, Conducting Ventures, managed by venture capital investors with experience in companies such as IVP, Kleiner Perkins and Intel Capital, will continue to search for and invest in emerging startups whose development meets market requirements and which have a pool of first-time customers. Such a collaboration will help Panasonic explore new business opportunities and in the future ensure stable growth, the corporation hopes.^[1]

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