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Conductive Ventures raises $100 million for debut fund

Carey Lai and Paul Yeh. Photo: Conductive Ventures

Conductive Ventures, recently formed by former Kleiner Perkins partner Paul Yeh and ex-Intel Capital director Cary Lai, has raised $100 million for a debut fund that will invest in "expansion stage" enterprise software and hardware startups

Why it matters: Conductive is seeking to fill the so-called "Series B gap," which has emerged, with many VC firms moving either very early or very late in the private capital cycle.