Conductive Ventures

ActiveVenture Capital

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Updated: Jan 22, 2026 ·

Financial History

Total Raised

N/A

Valuation

N/A

Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Jan 28, 2026	Checkbox	$23.0M Series A	Touring Capital	Five V Capital, Jerry Ting, Peak XV Partners, Tidal Ventures
Jul 1, 2025	evolvedMD	$34.0M Series B	—	Canaan Partners, Vanessa Larco, Catherine Lu, Varsha Rao
Mar 1, 2024	Lily AI	$20.0M Series B	—	7GC & Co, BlueRun Ventures, Camber Creek, Canaan Partners, Grit Capital Partners, Interplay Ventures, Left Lane Capital, M13, QEY Capital, Raine Ventures, Top Tier Capital Partners, WestWave Capital, Dennis Crowley, Kevin Hart, Mark Cuban, Whitney Cummings
Feb 1, 2024	Empowerly	$15.0M Venture Round	—	Meritech Capital Partners
Jun 1, 2023	evolvedMD	$14.0M Series A	—	Canaan Partners, Vanessa Larco, Catherine Lu, Varsha Rao
Apr 1, 2023	Rock The Bells	$15.0M Series B	—	7GC & Co, BlueRun Ventures, Camber Creek, Grit Capital Partners, Interplay Ventures, Left Lane Capital, M13, QEY Capital, Raine Ventures, Dennis Crowley, Kevin Hart, Mark Cuban, Whitney Cummings
Jan 1, 2023	Zurp	$5.0M Seed	—	10X Capital, 20VC, 7GC & Co, Access Biotechnology, AirAngels, Amity Ventures, Andreessen Horowitz, Animoca Brands, Asymmetric, Atlas Venture, Awesome People Ventures, BlueRun Ventures, Bombas, Buckley Ventures, C2 Investment, Camber Creek, CapitalG, Cardumen Capital, Coalition Operators, Color Capital, Darling Ventures, Earl Grey Capital, Freestyle Capital, Freigeist, Grit Capital Partners, Hack VC, Immeasurable, Interlace Ventures, Interplay Ventures, Jump Crypto, Kepler Operator’s Fund, Left Lane Capital, Lightspeed Venture Partners, Long Journey Ventures, M13, Mantis VC, Menlo Ventures, NFX, Pantera Capital, Pareto Holdings, Plaid, QEY Capital, Raine Ventures, Reshape Ventures, Gil Penchina, Saga, Sanofi Ventures, Scale Venture Partners, Scribble Ventures, Slow Ventures, SRB Ventures, Trust Fund, Volition Capital, Andy Bechtolsheim, Arash Ferdowsi, Baron Davis, Bill Tai, Christian Reber, Claire Hughes Johnson, Darius Contractor, Dennis Crowley, Ethan Beard, George Ruan, Julian Shapiro, Kevin Hart, Koen Bok, Kunal Shah, Leore Avidar, Louis Beryl, Manik Gupta, Mark Cuban, Mathilde Collin, Melissa Tan, Roger Ehrenberg, Ryan Tedder, Scott Belsky, Shane Battier, Tony Hawk, Tyler Willis, Vindi Banga, Whitney Cummings
Oct 1, 2022	Liquid Death	$70.0M Series D	—	7GC & Co, BlueRun Ventures, Camber Creek, Grit Capital Partners, Interplay Ventures, Left Lane Capital, M13, QEY Capital, Raine Ventures, Red Swan Ventures, Science, Dennis Crowley, Kevin Hart, Mark Cuban, Sahin Boydas
Sep 1, 2022	Composer	$6.0M Seed	—	20VC, 7GC & Co, Angel Invest, BlueRun Ventures, Camber Creek, Connect Ventures, Crosslink Capital, First Round Capital, Grit Capital Partners, Interplay Ventures, Left Lane Capital, M13, Pareto Holdings, Peak, QEY Capital, Raine Ventures, Spero Ventures, Stride VC, Y Combinator, Dennis Crowley, Kevin Hart, Lucas Cranach, Mark Cuban, Patrick Andrae, Whitney Cummings
May 1, 2022	Natrion	$2.0M Seed	—	7GC & Co, BlueRun Ventures, Camber Creek, Grit Capital Partners, Interplay Ventures, Left Lane Capital, M13, QEY Capital, Raine Ventures, TechNexus Venture Collaborative, Dennis Crowley, Kevin Hart, Whitney Cummings
May 1, 2022	evolvedMD	$5.0M Series A	—	Canaan Partners, Vanessa Larco, Catherine Lu, Varsha Rao
Mar 1, 2022	Kyash	$45.0M Series D	—	Brighter Capital, Goodwater Capital
Feb 1, 2022	Bettani	$16.0M Seed	—	Darren Liccardo, Trucks Venture Capital
Jan 1, 2022	hireEZ	$26.0M Series B	—	Griffin Gaming Partners, NextView Ventures, Seven Seven Six, Vitalize Venture Group, Y Combinator, Tom Williams
Nov 1, 2021	Jackpocket	$120.0M Series D	—	1984 Ventures, 7GC & Co, Battery Ventures, Bombas, Bow Capital, Craft Ventures, Divergent Capital, Jenny Fielding, Scott Hartley, Infinite Niches, Innovation Endeavors, Insight Partners, Jump Crypto, Left Lane Capital, Pantera Capital, Raine Ventures, REMUS Capital, Scale Asia Ventures, Scalebridge Capital, Spero Ventures, SuperAngel.Fund, Symbolic Capital, Boris Hageney, Jack Leeney, Justin Timberlake, Kevin Hart, Lev Ekster, Richard Rosenblatt, Wiley Cerilli
Oct 1, 2021	Onsite Pro	$2.0M Seed	—	8-Bit Capital, Alt Capital, Andreessen Horowitz, Comcast Ventures, Craft Ventures, Flex Capital, Floodgate, Founder Collective, Giant Ventures, M.G. Siegler, Immeasurable, LGF, Locus Ventures, Meritech Capital Partners, Merus Capital, Next Level Ventures, Powerhouse Ventures, Robot Ventures, Saga, Sequoia Capital, Dafina Toncheva, Amjad Masad, Charlie Cheever, Chung-Man Tam, DJ Patil, Farzad Nazem, Greg Brockman, Harry Hurst, Jeff Arnold, Leore Avidar, MG Siegler, Neill Occhiogrosso, Noosheen Hashemi, Oliver Jung, Sam Altman, Wayne Pan
Sep 1, 2021	Self Financial	$50.0M Series E	—	8VC, Decibel Partners, Forerunner Ventures, Founders' Co-op, Illuminate Ventures, Menlo Ventures, Meritech Capital Partners, MTech Capital, Smash Capital
Sep 1, 2021	Infracost	$3.0M Seed	—	Brighter Capital, Goodwater Capital, Mango Capital, Peak
May 1, 2021	Oculii	$55.0M Series B	—	Jean de Fougerolles, Catapult Ventures (catapult.vc), Trucks Venture Capital
Apr 1, 2021	Rock The Bells	$8.0M Series A	—	7GC & Co, AME Cloud Ventures, Andreessen Horowitz, Angel investor, Archetype, Blisce, BlueRun Ventures, Bond, Bow Capital, BoxGroup, Caffeinated Capital, Camber Creek, Chapter One Ventures, Coatue, CoinFund, Compound, Craft Ventures, Dispersion Capital, Dreamers VC, Electric Capital, Floodgate, Graph Ventures, Greylock, Griffin Gaming Partners, Grit Capital Partners, Hardware Club, Helium-3 Ventures, Interplay Ventures, Khosla Ventures, Left Lane Capital, M13, North Island Ventures, Paradigm, QEY Capital, Raine Ventures, Reform Ventures, Roosh Ventures, Sequoia Capital, Sound Ventures, Susa Ventures, The Hit Forge, Thirty Five Ventures, Threshold Ventures, Union Square Ventures, Webb Investment Network, Yes VC, Andre Iguodala, Avid Larizadeh, Balaji Srinivasan, Bill Tai, Dennis Crowley, Dharmesh Shah, Jeff Morris, Kevin Hart, Mark Cuban, Mark Pincus, Matt Bellamy, Rashaun Williams, Whitney Cummings, William Mougayar
Jan 1, 2021	Gowalla	$4.0M Seed	—	20VC, 7GC & Co, Adverb Ventures, Airtree Ventures, Atreides Management, BDC Venture Capital, Blackbird Ventures Australia, BlueRun Ventures, Camber Creek, Coatue, Felix Capital, Form Capital, Greylock, Grit Capital Partners, Index Ventures, iNovia Capital, Insight Partners, Interplay Ventures, Left Lane Capital, M13, Matrix, Metanoia, Offline Ventures, Otherwise Fund, QEY Capital, Raine Ventures, Red Swan Ventures, Spark Capital, StartHer, Thayer Ventures, WestCap, What If Ventures, WorkLife Ventures, Akshay Kothari, Akshay Sriprasad, Bobby Goodlatte, Dylan Field, Kevin Hart, Mark Cuban, Whitney Cummings
Dec 1, 2020	Self Financial	$40.0M Series D	—	8VC, Decibel Partners, Forerunner Ventures, Founders' Co-op, Illuminate Ventures, Menlo Ventures, Meritech Capital Partners, MTech Capital, Smash Capital
Mar 1, 2020	Kyash	$43.0M Series C	—	Accel, AngelPad, Atman Capital, Brighter Capital, Broadhaven Capital Partners, Canaan Partners, CRV, DST Global, Flex Capital, Founders Circle Capital, Global Founders Capital, Global Innovation Fund, Goodwater Capital, Khosla Ventures, Kleiner Perkins, Lobby Capital, Norte Ventures, Origin Ventures, Partech Ventures, Pear VC, Quona Capital, Rainfall Ventures, Sequoia Capital, Softbank Group, Streamlined Ventures, Tekton Ventures, Valor Capital Group, WGI Group, Y Combinator, Anthony Soohoo, Ariel Lambrecht, Guilherme Bonifacio, Jared Kopf, Justin Mateen, Kamiar Kordari, Michael Abramson
Feb 1, 2020	Self Financial	$20.0M Series C	—	Forerunner Ventures, Illuminate Ventures, Meritech Capital Partners, Smash Capital
Sep 1, 2019	clean.io	$2.0M Seed	—	7GC & Co, BlueRun Ventures, Camber Creek, Grit Capital Partners, Interplay Ventures, Left Lane Capital, M13, QEY Capital, Raine Ventures, Dennis Crowley, Kevin Hart, Mark Cuban, Whitney Cummings

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at Conductive Ventures.

Leadership Team

Key people at Conductive Ventures.

Deep Dive

High-Level Overview

Conductive Ventures is a venture capital firm managing $450 million in assets, focused on backing unconventional founders who build transformative, capital-efficient technology companies. Their investment philosophy centers on early-stage (primarily Series A and B) investments in companies demonstrating efficient growth and strong potential, often in diverse geographies. They invest broadly across software, hardware, and tech-enabled services, with a particular emphasis on companies transforming industries from analog to digital and from digital to intelligent. Conductive Ventures supports founders with a hands-on, patient approach, leveraging a global network to accelerate growth and scale sustainably[1][2][4].

Origin Story

Founded in 2017 by Carey Lai and Paul Yeh, Conductive Ventures is based in Palo Alto, California. The firm was established with a mission to invest in early efficient growth technology companies, especially those led by non-traditional founders who have demonstrated capital efficiency and revenue traction. Over time, Conductive has evolved to focus on a broad range of sectors including AI, enterprise software, blockchain, and hardware, while maintaining a commitment to supporting founders through operational guidance and strategic partnerships[2][4][6].

Core Differentiators

Unique Investment Model: Focus on early-stage, capital-efficient companies with demonstrated revenue and growth potential, often led by overlooked or unconventional founders.
Network Strength: Extensive connections across established tech hubs and emerging markets in the US and Asia, facilitating strategic partnerships, customer introductions, and follow-on funding.
Track Record: Successful exits including IPOs (e.g., Desktop Metal, Ambiq, Sprinklr) and acquisitions (e.g., Jackpocket by DraftKings, TravelBank by US Bank).
Operating Support: Hands-on partnership offering go-to-market strategy, scaling advice, and founder community building through events like CEO Summits.
Innovative Financing: Early adopter of novel financing structures like the Series SAFE Preferred Stock to streamline investments and optimize tax benefits for founders and investors[3][4][5].

Role in the Broader Tech Landscape

Conductive Ventures rides the trend of digital transformation and intelligent automation, investing in companies that shift industries from analog to digital and further into AI-driven intelligence. The timing is favorable due to increasing demand for capital-efficient growth models amid a more cautious investment environment. Their focus on unconventional founders and diverse geographies helps broaden the innovation ecosystem beyond traditional tech hubs. By supporting companies that scale efficiently and sustainably, Conductive Ventures influences the startup ecosystem by promoting long-term value creation and operational discipline[1][2][4].

Quick Take & Future Outlook

Looking ahead, Conductive Ventures is likely to continue expanding its portfolio in AI, deep tech, and enterprise software, capitalizing on the accelerating adoption of intelligent technologies. Their patient, founder-first approach positions them well to nurture companies through inflection points and market shifts. As capital efficiency remains a critical factor in startup success, Conductive’s model and network will likely increase in relevance, potentially leading to more high-impact exits and broader influence in shaping the future of technology innovation[1][2][4].

Sources

High-Level Overview

Origin Story

Core Differentiators

Unique Investment Model: Focus on early-stage, capital-efficient companies with demonstrated revenue and growth potential, often led by overlooked or unconventional founders.
Network Strength: Extensive connections across established tech hubs and emerging markets in the US and Asia, facilitating strategic partnerships, customer introductions, and follow-on funding.
Track Record: Successful exits including IPOs (e.g., Desktop Metal, Ambiq, Sprinklr) and acquisitions (e.g., Jackpocket by DraftKings, TravelBank by US Bank).
Operating Support: Hands-on partnership offering go-to-market strategy, scaling advice, and founder community building through events like CEO Summits.
Innovative Financing: Early adopter of novel financing structures like the Series SAFE Preferred Stock to streamline investments and optimize tax benefits for founders and investors[3][4][5].