About Conversion Capital
Conversion Capital is a venture capital firm founded in 2015. It is primarily based out of New York City, United States. As of Mar 2025, Conversion Capital has invested in 45 companies. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to FinTech and High Tech. Most recently it participated in the $***** Series A round of Cargado Overall, Conversion Capital portfolio has seen 4 unicorns, 3 IPOs and 10 acquisitions including key companies like Blend, Dataminr and Qualia. A lot of funds co-invest with Conversion Capital, with names like Fifth Wall sharing a substantial percentage of its portfolio. Conversion Capital has team of 11 people including 1 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 2 more
Portfolio IPOs
Conversion Capital's List of Top Investments
Conversion Capital has a portfolio of 45 companies, including 4 unicorns. Their most notable investments are in Booster and Booster.Their portfolio spans across United States and United Kingdom. They have invested in Enterprise Applications, FinTech, High Tech and 15 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by Conversion Capital:
1. Ramp
Provider of a platform for spend management, corporate cards, and payables. The platform offers features such as expense management, accounts payable processing, and travel management. It also provides procurement and accounting automation capabilities. The platform aims to streamline financial operations and improve efficiency for finance teams.
Key facts about Ramp
- Founded Year: 2019
- Location: New York City (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $2.44B
- Employee Count: 2,093 as on Mar 31, 2026
- Investors: equitywestsecurities.com, GIC and 62 Others
- Latest Funding Round: Series E, Nov 17, 2025, $*****
- Highlight: Editors' Pick
2. Blend
Provider of digital solutions for mortgage, home equity, and consumer lending. The company offers a platform for financial institutions to streamline lending processes. It provides tools for loan origination, verification, and closing. The platform supports deposit accounts and consumer loans. It helps credit unions, banks, and mortgage providers improve customer experience.
Key facts about Blend
- Founded Year: 2012
- Location: San Francisco (United States)
- Annual Revenue: $162M as on Dec 31, 2024
- Stage: Public
- Total Funding till date: $685M
- Employee Count: 744 as on Mar 31, 2026
- Investors: HTIF, Owl Rock and 43 Others
- Latest Funding Round: Post IPO, Apr 29, 2024, $*****
- Highlight: Public
3. Baselane
Personal finance management software for landlords. It offers solutions for managing banking services, rent collections, expense management, cash flow analytics, and more. It provides a dashboard to monitor properties & leases, cash flows, bank accounts & credit card integrations; scheduling property tags; smart categorization; automated invoicing for rent collection, and more.
Key facts about Baselane
- Founded Year: 2013
- Location: New York City (United States)
- Stage: Series B
- Total Funding till date: $34.4M
- Employee Count: 66 as on Jan 05, 2026
- Investors: Conversion Capital, Activant Capital and 10 Others
- Latest Funding Round: Series B, Oct 02, 2025, $*****
- Highlight: Editors' Pick
4. Dataminr
Provider of AI platform delivering real-time event, threat, and risk intelligence. The platform offers solutions for corporate security, cyber risk, news organizations, and the public sector. It enhances organizational safety, strengthens cyber resilience, and accelerates decision-making. The platform utilizes multi-modal fusion AI, generative AI, and agentic AI to detect and respond to unfolding events.
Key facts about Dataminr
- Founded Year: 2009
- Location: New York City (United States)
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $1.24B
- Employee Count: 844 as on Mar 31, 2026
- Investors: Glynn Capital, HighGear Ventures and 84 Others
- Latest Funding Round: Series F, Apr 24, 2025, $*****
- Highlight: Editors' Pick
5. Qualia
SaaS-driven title settlement platform for real estate professionals. It enables title companies to track and manage contacts, detect duplicate contacts, schedule tasks for completing the title verification, generate policy jackets, issue closing protection letters, store all documents related to the closing process on the cloud, share these documents via email, integrate with escrow accounts to automate clearing and obtain real-time updates, and generate customized business reports.
Key facts about Qualia
- Founded Year: 2015
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $207M
- Employee Count: 603 as on Mar 31, 2026
- Investors: Eniac Ventures, Menlo Ventures and 20 Others
- Latest Funding Round: Series D, Apr 02, 2021, $*****
- Highlight: Editors' Pick
Conversion Capital's Year-on-Year Investment Trends
Conversion Capital has invested in 46 companies over the last 13 years, with an average of 2 new investments annually in the last 10 years. In 2025, it made 1 investment. Its most recent first time investment was in Cargado and most recent follow-on round was in Amplify Life Insurance.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 1 | 0 | 1 |
2024 | 0 | 0 | 0 |
2023 | 0 | 0 | 0 |
2022 | 7 | 4 | 11 |
2021 | 3 | 1 | 4 |
2020 | 3 | 1 | 4 |
2019 | 0 | 1 | 1 |
2018 | 0 | 0 | 0 |
2017 | 2 | 0 | 2 |
Conversion Capital's Investments by Stage
Conversion Capital has made 11 investments in Seed stage with an average round size of $3.7M, 11 investments in Series A stage with an average round size of $11.6M, 2 investments in Series B stage with an average round size of $18.5M and 2 investments in Series C stage with an average round size of $180M.Stage of entry | No. of Investments |
|---|---|
Seed | 11 |
Series A | 11 |
Series B | 2 |
Series C | 2 |
Note: We have considered here, only first round of investments
Conversion Capital's Investments by Sector
Conversion Capital has a diverse portfolio, with companies operating in the Enterprise Applications, FinTech, Vertical SaaS, Consumer and InsurTech. Notably, it has invested in 43 Tech companies, 34 Enterprise (B2B) companies, 32 Software companies and at least 19 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 17 |
FinTech | 15 |
Vertical SaaS | 6 |
Consumer | 5 |
InsurTech | 5 |
Others | 20 |
Note: We have considered here, only first round of investments
Conversion Capital's Investments by Geography
Conversion Capital has made most investments in United States (24), followed by United Kingdom where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 24 |
United Kingdom | 1 |
Note: We have considered here, only first round of investments
Conversion Capital's recent investments
Conversion Capital has not made any investment in 2026 so far.Here are the most recent investments by Conversion Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Mar 26, 2025 | United States | Series A | 8123 | [+6] | |
Dec 13, 2022 | United States | Seed | 7717 | [+12] | |
Dec 05, 2022 | United States | Seed | 8208 | [+5] | |
Nov 01, 2022 | United States | Series A | 8711 | [+6] | |
Oct 11, 2022 | United Kingdom | Seed | 9683 | [+10] |
Unicorns in Conversion Capital's Portfolio
Conversion Capital has 4 unicorns in its portfolio - Immuta, Qualia, Dataminr and others. The most recent unicorn in their portfolio is Immuta. It became a unicorn in 2022, 5 years after Conversion Capital first invested in it.Here is a list of unicorns in Conversion Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
63 | Data access governance and data marketplace platform | 2015 | Boston | Series E | jchkxy{ | ||
69 | SaaS-driven title settlement platform for real estate professionals | 2015 | San Francisco | Series D | {bumzrm | ||
70 | Provider of AI platform delivering real-time event, threat, and risk intelligence | 2009 | New York City | Series F | wthbcrz | ||
65 | Platform offering distributed simulation software for video games and corporate sectors | 2012 | London | Series D | zlwx{xt |
IPOs and Publicly Listed companies in Conversion Capital's Portfolio
3 of Conversion Capital's portfolio companies have become public. Figure got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Sep 2025 at marketcap of $4.34B and FiscalNote got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) at marketcap of $1.54B.Here are Conversion Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 11, 2025 | - | - | 1332 | |
Nov 08, 2021 | Feb 01, 2016 | Series C | 2277 | |
Jul 16, 2021 | - | - | 6787 |
Acquired companies in Conversion Capital's Portfolio
10 companies from Conversion Capital's portfolio have been acquired. The most recent acquisition was Frame in Dec 2024 by HubSpot for $*****.Here are Conversion Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Dec 06, 2024 | Oct 18, 2016 | Seed | 9095 | |
May 22, 2024 | Aug 04, 2020 | Series A | 8521 | |
Aug 18, 2021 | Aug 05, 2016 | Seed | 5543 | |
Apr 15, 2021 | - | - | 3200 | |
Sep 29, 2020 | - | - | 8842 |
Team profile of Conversion Capital
Conversion Capital has a team of 11 members including 1 Partner, 1 Venture Partner and 2 Principals located in United States. Conversion Capital's team sits on the board of 2 companies.Here is a list of top team members in Conversion Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | New York City | - | ||
Venture Partner | - | - | - | |
Principal | Brooklyn | - | - | |
Principal | Boston | - |
Co-investors of Conversion Capital
Over the past 13 years, 292 investors have co-invested in Conversion Capital's portfolio companies. This includes funds and angels.
- Invested before Conversion Capital: Founders Fund, Anthemis Group and 57 others have invested in rounds before Conversion Capital. There are 2 companies where Founders Fund has invested before Conversion Capital and 2 companies where Anthemis Group has invested before Conversion Capital.
- Top Co-investors of Conversion Capital: 99 investors entered a company along with Conversion Capital. These include investors like Fifth Wall (3 companies).
- Invested after Conversion Capital: A total of 134 investors have invested in Conversion Capital's portfolio after their investments. Top Investors include Khosla Ventures (2 companies), Bessemer Venture Partners (2 companies) and Fin Capital (2 companies).
Recent News related to Conversion Capital
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Temporal raises $146M for its application reliability platformSiliconAngle•Apr 01, 2025•Temporal, Tiger Global Management, Index Ventures, Sequoia Capital and 7 others
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Citi invests in mortgage infrastructure platform PylonFinextra•Nov 26, 2024•Citi, Pylon, Pylon, Citi and 4 others
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Insurtech Company Oyster Raises $3.6M Seed to Launch Its Point-of-Sale Platform for Personal InsuranceFintech Finance•Dec 13, 2022•Oyster Technologies, New Stack Ventures, Cambrian Ventures, Global Founders Capital and 7 others
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Venture capital giants like Pylon’s embeddable mortgage offeringInman•Dec 07, 2022•Pylon, Conversion Capital, Blend, Figure and 5 others
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Pylon Closes $8.5M Seed Round to Build the Embedded Mortgage Infrastructure PlatformACROFAN•Dec 05, 2022•Pylon, Conversion Capital, Fifth Wall, Thiel Capital and 9 others
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Cloudflare’s “Workers Launchpad” Funding Program Grows to $2 Billion, Announces First Cohort of StartupsBusiness Wire•Nov 17, 2022•CloudFlare, 8VC, AirTree, Alumni Ventures and 8 others
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Haven Raises $8 Million Series A to Scale Tech-Enabled Mortgage Servicing InfrastructureBusiness Wire•Nov 01, 2022•Haven, Fifth Wall, Fidelity National Financial, RWT Horizons and 5 others
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Payable raises $6M to build the modern infrastructure of money movementTech Funding News•Oct 11, 2022•Payable, Earlybird, Conversion Capital, Clocktower Ventures and 1 other
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Amplify Life Insurance Receives Investment Led by Munich Re VenturesFinSMEs•Oct 04, 2022•Amplify Life Insurance, Munich Re, Crosslink Capital, Greycroft and 1 other
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Digital-First Life Insurance coverage Platform Amplify Broadcasts New Funding Spherical Led by Munich Re VenturesInvestidollar•Oct 03, 2022•Munich Re, Amplify Life Insurance, Crosslink Capital, Greycroft and 1 other
