Less than two and a half years after launching its $100m first fund, growth equity firm Conductive Ventures has announced a second vehicle also funded by Panasonic.

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…