Investors / United States / Conversion Capital
Conversion Capital
Venture capital · San Francisco, CA, United States · North America
Conversion Capital is an early-stage venture capital firm that has been investing since 2015. It backs founders building companies in software, AI/ML, and cloud technology, and says it partners with founders from day zero.
Invests inAI & Machine LearningFintech
In its own wordsaimachine learningvertical softwarecloud infrastructurefintechhealthcare
Your fit with Conversion Capital
Four questions about your startup
See how your round matches what it backs, point by point.
Or find every investor that fitsConversion Capital lists 37 checked portfolio companies on its own site and is named in 4 funding rounds, 1 of them as lead. Its most frequent entry is Series A, 67% of the companies with a known first round. Its largest themes are AI & Machine Learning (24%), Fintech (24%) and Enterprise Software (9%). 96% of its companies are based in United States. It invests most often alongside Greylock, 8VC and Andreessen Horowitz.
Counts come from funding rounds that name Conversion Capital, complete from mid-2025: earlier rounds appear only when they were reported later. Round amounts and full round histories are on Fundup AI.
Round figures show recent activity, not Conversion Capital's whole history. Rounds on record name 3 companies; its own site lists 37. Funding rounds are complete from mid-2025, so counts and the yearly trend undercount a firm that invested before then. The portfolio, themes and places come from its own site and are not affected.
Entry stage
share of companies by the stage of its first roundShow as a table
| Value | |
|---|---|
| Pre-seed | 0% |
| Seed | 33% |
| Series A | 67% |
| Series B | 0% |
| Growth | 0% |
Activity by year
rounds it joined, last 10 yearsShow as a table
| Total | Rounds it led | |
|---|---|---|
| '17 | 0 | 0 |
| '18 | 0 | 0 |
| '19 | 0 | 0 |
| '20 | 0 | 0 |
| '21 | 0 | 0 |
| '22 | 1 | 0 |
| '23 | 0 | 0 |
| '24 | 0 | 0 |
| '25 | 1 | 0 |
| '26 | 2 | 1 |
Investor profile
percentile among all firmsShow as a table
| Measure | Percentile of all firms | Value |
|---|---|---|
| Portfolio size | 75th | 37 companies |
| Recent activity | 69th | 2 rounds in 12 months |
| Early stage | 64th | 33% of entries at pre-seed or seed |
| Evidence | 52th | 0% of companies confirmed by a round |
| Sector focus | 29th | 24% in its largest sector |
| Reach | 42th | 2 countries |
Investment themes
share of its checked companiesThis firmAll checked companies
Show as a table
| This firm | All checked companies | |
|---|---|---|
| AI & Machine Learning | 24% | 18% |
| Fintech | 24% | 12% |
| Enterprise Software | 9% | 8% |
| Space & Defense | 7% | 3% |
| Education | 7% | 7% |
| E-commerce & Marketplaces | 6% | 6% |
| Real Estate & Construction | 4% | 3% |
| Healthcare & Biotech | 4% | 15% |
Invests most often with
firms sharing its portfolio companiesShow as a table
| Share | |
|---|---|
| Greylock | 6 |
| 8VC | 4 |
| Andreessen Horowitz | 4 |
| Bain Capital Ventures | 4 |
| Lightspeed Venture Partners | 4 |
| Sequoia Capital | 4 |
| Alkeon Capital | 3 |
| Anti Fund | 3 |
Its portfolio companies
where they are based, and what their own sites showSite status
- Site answers3595%
- No longer answers00%
- Points to another company25%
- Parked or sold domain00%
A site that stops answering three checks in a row is counted as no longer answering; that is not proof of closure. A site that points to another company is often an acquisition.
Co-investor network
who it backs companies with, and who they back togetherCompare Conversion Capital head to head
portfolio size, rounds, entry stages, themes and the companies both backThree or more firms at once: portfolio overlap.
Recent portfolio activity
when companies last raised with Conversion Capital| Date | Company | Stage |
|---|---|---|
| 9 Nov 2026 | Series A | |
| 8 Oct 2026 | Series B Led | |
| 17 Sept 2025 | Seed | |
| 27 Jan 2022 | Series A |
Round details for Conversion Capital
Amounts, full round histories and every co-investor in Conversion Capital's rounds are on Fundup AI. VCinfo covers investors and their portfolios.
Portfolio
37 companies checked against their own sites| Company | What it does | Themes | First round with it | Evidence |
|---|---|---|---|---|
| The company provides custom-built AI for GTM teams to build pipeline, win deals, and expand customers | AI & Machine LearningEnterprise Software | Portfolio page | ||
| Applied Compute provides a platform for training, inference, and improvement of artificial intelligence models. | AI & Machine LearningSpace & Defense | Portfolio page | ||
| Astral provides a personalized math curriculum for homeschoolers | EducationEducation | Portfolio page | ||
| Astral provides a K-8 homeschool math curriculum | Education | Nov 2026Series A | Funding round | |
| Amplify Life offers life insurance policies and related products to individuals. | FintechHealthcare & Biotech | Portfolio page | ||
| Bizzen provides an AI back office for construction companies to handle tasks such as paperwork and phone calls | FintechConsumer | Portfolio page | ||
| Blend provides digital lending and account opening solutions for banks, credit unions, and mortgage providers. | FintechLegal & Compliance | Portfolio page | ||
| Cargado operates a freight marketplace connecting brokers, carriers, and shippers for Mexico and Canada lanes. | Legal & ComplianceE-commerce & Marketplaces | Portfolio page | ||
| Chalk provides a platform for production AI, allowing users to ship and manage AI agents and models without infrastructure management. | AI & Machine LearningSpace & Defense | Portfolio page | ||
| Cognition operates an autonomous software engineer called Devin that helps human engineers with repetitive work and focuses on problem solving and designing systems. | AI & Machine LearningEnterprise Software | Portfolio page | ||
| Dataminr delivers the earliest warnings on high impact events and critical information far in advance of other sources using its AI platform. | CybersecurityAI & Machine Learning | Portfolio page | ||
| Etched designs and manufactures AI hardware, specifically frontier inference clusters, which include co-designed chips, racks, software, and manufacturing methods. | AI & Machine LearningSpace & Defense | Portfolio page | ||
| Figure provides lending services, including home equity lines of credit and crypto-backed loans. | FintechLegal & Compliance | Portfolio page | ||
| Portfolio page | ||||
AI & Machine LearningEnterprise Software | Portfolio page | |||
| Frec offers tax-aware investing products and services, including direct indexing and tax-loss harvesting, to help individuals minimize capital gains and save on taxes. | Fintech | Portfolio page | ||
| Nickel provides a platform for businesses to manage payments, cash flow, and accounting | FintechSpace & Defense | Portfolio page | ||
| Groq operates a cloud platform for running AI inference, built on its own LPU chips and combined with NVIDIA GPUs. | AI & Machine LearningEnterprise Software | Portfolio page | ||
| Immuta provides an authorization layer for data access, controlling who can access what data and when. | CybersecurityAI & Machine Learning | Portfolio page | ||
| Mastra develops and provides a TypeScript AI framework for building agents and apps | AI & Machine LearningEnterprise Software | Portfolio page |
About this data
site last read 5 Nov 2026- Site
- conversioncapital.com
- Last read
- 5 Nov 2026
- Watching since
- 5 Nov 2026
- Rounds since
- 27 Jan 2022
- Companies checked
- 37
Rates come from what VCinfo has observed since observation_start. Firms tend to remove companies that closed, so early rates understate reality. A company leaving a portfolio page does not mean it closed or exited. An unreachable site means our checks failed, nothing more.
Get Conversion Capital's profile as data
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