About Conductive Ventures
Conductive Ventures is a venture capital firm founded in 2017. It is primarily based out of Palo Alto, United States. As of Dec 2025, Conductive Ventures is an active investor, having invested in 34 companies, with 2 new investments in the last 12 months. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Blockchain Technology. Most recently it participated in the $***** Series A round of Checkbox Overall, Conductive Ventures portfolio has seen 2 unicorns, 3 IPOs and 7 acquisitions including key companies like Motive, Proterra and Blueshift. A lot of funds co-invest with Conductive Ventures, with names like NordStar Capital sharing a substantial percentage of its portfolio. Conductive Ventures has team of 9 people including 2 partners.Key Metrics
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Series B & 2 more
Portfolio Acquisitions
Conductive Ventures' List of Top Investments
Conductive Ventures has a portfolio of 34 companies, including 2 unicorns. Their most notable investments are in Lily and Ambiq.Their portfolio spans across United States, South Korea, Australia and 1 more locations. They have invested in Enterprise Applications, High Tech, Blockchain Technology and 20 other sectors, across stages such as Series A, Series B and 2 more. Here is the list of top investments by Conductive Ventures:
1. Motive
Developer of fleet management software and hardware for vehicle tracking. This platform provides tools for monitoring vehicle location, health, and usage. It includes hardware such as cameras and sensors to capture data regarding driver behavior and equipment status. The system facilitates maintenance scheduling, fuel tax reporting, and workforce management through automated workflows. Users access information regarding asset utilization and safety metrics to manage operational requirements.
Key facts about Motive
- Founded Year: 2013
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $567M
- Employee Count: 6,349 as on Jul 31, 2026
- Investors: Index Ventures, Toba Capital and 27 Others
- Latest Funding Round: Series F, May 25, 2022, $*****
- Highlight: Editors' Pick
2. Proterra
Manufacturer of battery systems for electric vehicles and commercial equipment. The company provides battery solutions for heavy-duty trucks, commercial transit, school buses, and off-highway equipment. Batteries are designed with safety features, durable enclosures, and scalable platforms. The company offers engineering expertise, vehicle integration, and servicing for original equipment manufacturers.
Key facts about Proterra
- Founded Year: 2004
- Location: Burlingame (United States)
- Annual Revenue: $100M - $500M as on Dec 31, 2022
- Stage: Public
- Total Funding till date: $858M
- Employee Count: 426 as on Jul 31, 2026
- Investors: Section Partners, Generation Investment Management and 38 Others
- Latest Funding Round: Series H, Oct 15, 2020, $*****
- Highlight: Public
3. Blueshift
AI-enabled marketing automation platform. It uses its patented AI technology to unify, inform, and activate the fullness of customer data across all channels and applications. It helps marketers to customize the messages based on customers interests, purchase patterns, and browsing behavior, enabling digital marketers to create personalized triggered messaging based on user actions and user attributes. BBC, Zumper, Udacity, and ClearScore are part of the clientele.
Key facts about Blueshift
- Founded Year: 2014
- Location: San Francisco (United States)
- Stage: Acquired
- Total Funding till date: $57.6M
- Employee Count: 81 as on Jul 31, 2026
- Investors: Runway Growth Capital, Alisio DWC and 17 Others
- Latest Funding Round: Venture Debt, Jan 16, 2024, $*****
- Highlight: Acquired
4. Sprinklr
Cloud based customer experience management software. The platform allows brands to convert public conversations on different channels into insights to improve marketing, advertising, customer service, product development, and more. Product features include location-based analysis of brand experiences, content marketing, marketing analytics, reputation management, and more.
Key facts about Sprinklr
- Founded Year: 2009
- Location: New York City (United States)
- Annual Revenue: $500M - $1B as on Jan 31, 2026
- Stage: Public
- Total Funding till date: $578M
- Employee Count: 3,589 as on Jan 31, 2025
- Investors: HTIF, Section Partners and 23 Others
- Latest Funding Round: Series G, Sep 09, 2020, $*****
- Highlight: Public
Manufacturer of 3D printing systems, materials, and software for production. The company provides metal and composite printers, along with solutions for healthcare, industrial-grade polymers, sand, and tooling. Materials include photopolymers, upcycled wood, metals, polymers, and ceramics. Software offerings manage printers, processes, tolerance analysis, build optimization, and system monitoring.
Key facts about Desktop Metal
- Founded Year: 2015
- Location: Burlington (United States)
- Annual Revenue: $100M - $500M as on Dec 31, 2023
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $438M
- Employee Count: 176 as on Jul 31, 2026
- Investors: Ford, Saints Capital and 35 Others
- Latest Funding Round: Post IPO, May 10, 2022, $*****
- Highlight: Acquired
Conductive Ventures' Year-on-Year Investment Trends
Conductive Ventures has invested in 34 companies over the last 8 years, with an average of 3 new investments annually in the last 5 years. In 2025, it made 4 investments. Its most recent first time investment was in Checkbox and most recent follow-on round was in evolvedMD.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 3 | 1 | 4 |
2024 | 4 | 1 | 5 |
2023 | 0 | 1 | 1 |
2022 | 4 | 1 | 5 |
2021 | 5 | 3 | 8 |
2020 | 2 | 2 | 4 |
2019 | 2 | 1 | 3 |
2018 | 3 | 0 | 3 |
Conductive Ventures' Investments by Stage
Conductive Ventures has made 9 investments in Series A stage with an average round size of $13.2M, 9 investments in Series B stage with an average round size of $33.6M, 4 investments in Seed stage with an average round size of $4.5M and 2 investments in Series C stage with an average round size of $25M.Stage of entry | No. of Investments |
|---|---|
Series A | 9 |
Series B | 9 |
Seed | 4 |
Series C | 2 |
Note: We have considered here, only first round of investments
Conductive Ventures' Investments by Sector
Conductive Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, Vertical SaaS, Consumer, Retail and FinTech. Notably, it has invested in 29 Tech companies, 21 Enterprise (B2B) companies, 20 Software companies and at least 15 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 13 |
Vertical SaaS | 7 |
Consumer | 5 |
Retail | 5 |
FinTech | 3 |
Others | 20 |
Note: We have considered here, only first round of investments
Conductive Ventures' Investments by Geography
Conductive Ventures has made most investments in United States (20), followed by South Korea where it has made 2 investments.Country | No. of Investments |
|---|---|
United States | 20 |
South Korea | 2 |
Australia | 1 |
Israel | 1 |
Note: We have considered here, only first round of investments
Conductive Ventures' recent investments
Conductive Ventures has not made any investment in 2026 so far.Here are the most recent investments by Conductive Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Dec 17, 2025 | Australia | Series A | 9712 | [+4] | |
Nov 01, 2025 | United States | Series A | 2384 | [+1] | |
Jul 14, 2025 | United States | Series B | 5627 | [+4] | |
Jun 23, 2025 | United States | Series A | 5792 | [+6] | |
Jun 14, 2024 | United States | Seed | 6906 | - |
Unicorns in Conductive Ventures' Portfolio
Conductive Ventures has 2 unicorns in its portfolio - Motive and Forte. The most recent unicorn in their portfolio is Motive. It became a unicorn in 2022, 4 years before Conductive Ventures first invested in it.Here is a list of unicorns in Conductive Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
77 | Developer of fleet management software and hardware for vehicle tracking | 2013 | San Francisco | Series F | aqytcfi | ||
58 | Provider of Web3 infrastructure and compliance platform for blockchain projects | 2019 | San Francisco | Series B | ggjxdui |
IPOs and Publicly Listed companies in Conductive Ventures' Portfolio
3 of Conductive Ventures' portfolio companies have become public. Ambiq got listed on the New York Stock Exchange (NYSE), in Jul 2025 at marketcap of $409M and Sprinklr got listed on the New York Stock Exchange (NYSE) at marketcap of $3.97B.Here are Conductive Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 30, 2025 | - | Seed | 3971 | |
Jun 23, 2021 | - | - | 8119 | |
Nov 27, 2020 | - | - | 8512 |
Acquired companies in Conductive Ventures' Portfolio
7 companies from Conductive Ventures' portfolio have been acquired. The most recent acquisition was Blueshift in Jun 2026 by BlueConic for $*****.Here are Conductive Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 17, 2026 | Feb 24, 2021 | Series C | 6715 | |
Jul 02, 2024 | - | - | 5380 | |
Mar 13, 2024 | - | - | 9368 | |
Feb 16, 2024 | Oct 30, 2018 | Series B | 7697 | |
Nov 14, 2021 | - | - | 8952 |
_1582030856442.png?devicePixelRatio=2&height=20&width=20){kind=logo}
Team profile of Conductive Ventures
Conductive Ventures has a team of 9 members including 2 Partners and 4 Principals located in United States. Conductive Ventures' team sits on the board of 1 company.Here is a list of all team members in Conductive Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Palo Alto | |||
Partner | San Francisco | - | ||
Principal | San Francisco | - | ||
Principal | United States | - | ||
Principal | Cupertino | - | ||
Principal | Mountain View | - |
Co-investors of Conductive Ventures
Over the past 8 years, 194 investors have co-invested in Conductive Ventures's portfolio companies. This includes funds and angels.
- Invested before Conductive Ventures: SBVA, New Enterprise Associates and 84 others have invested in rounds before Conductive Ventures. There are 2 companies where SBVA has invested before Conductive Ventures and 2 companies where New Enterprise Associates has invested before Conductive Ventures.
- Top Co-investors of Conductive Ventures: 68 investors entered a company along with Conductive Ventures. These include investors like NordStar Capital (2 companies).
- Invested after Conductive Ventures: A total of 40 investors have invested in Conductive Ventures's portfolio after their investments. Top Investors include Santa Barbara Venture Partners (2 companies), Runway Growth Capital (1 company) and Entrepreneurs Roundtable Accelerator (1 company).
Recent News related to Conductive Ventures
•
Checkbox Raises $23 Million Series A to Become the Front Door for In-House Legal TeamsYahoo•Jan 28, 2026•Touring Capital, Peak XV Partners, Checkbox, Tidal and 3 others
•
•
evolvedMD Secures $34M to Expand Integrated Behavioral Health Care NationwideHIT Consultant•Jul 15, 2025•evolvedMD, Conductive Ventures, FCA Venture Partners, Healthworx and 3 others
•
•
Philly hospitality tech startup HopSkip raises $3M seed roundTechnical.ly•Jun 28, 2024•HopSkip, Conductive Ventures
•
Cloverleaf Raises $7.3M in Series A ExtensionFinSMEs•Mar 27, 2024•Clover Leaf, Advantage Capital, Conductive Ventures, Origin Ventures and 7 others
•
USA-based Lily AI raises USD 20 million in Series B-1Vcbay News•Mar 15, 2024•Lily, Conductive Ventures, Counterpart Ventures, Cendana Capital and 4 others
•
Lily AI Closes $20M Series B-1 Funding RoundSalesTech Star•Mar 14, 2024•Lily, Conductive Ventures, Counterpart Ventures, Cendana Capital and 4 others
•
MoeGo Raises $24M in Series A FundingFinSMEs•Mar 04, 2024•MoeGo, Base10 Partners, Digitalis Ventures, Conductive Ventures and 3 others
•
Empowerly, which develops counseling and career guidance services for university, raises $ 15 million fundsStartup Log•Feb 26, 2024•Empowerly, Conductive Ventures, Goodwater Capital, FJ Labs and 4 others
