Conductive Ventures, which is solely funded by Panasonic, will focus on enterprise software and hardware companies, and has announced its first four investments.

Conductive Ventures, the US-based growth equity firm that counts consumer electronics producer Panasonic as its sole limited partner, launched yesterday with $100m of capital and disclosed its first four portfolio companies.

The firm focuses on growth-stage enterprise software and hardware developers. Co-founder and managing director Carey Lai told TechCrunch it will invest $2m to $7m per deal and plans to back 10 to 15 companies through the $100m fund.

Conductive has not revealed how much it has invested in the…