About Conviction
Conviction is a venture capital firm founded in 2017. It is primarily based out of London, United Kingdom. As of May 2023, Conviction has invested in 29 companies. It primarily invests in Seed round in United Kingdom based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and FinTech. Most recently it participated in the $***** Seed round of Fertifa Overall, Conviction portfolio has seen 2 unicorns and 8 acquisitions including key companies like Mimecast, Degreed and Integrate. A lot of funds co-invest with Conviction, with names like Passion Capital sharing a substantial percentage of its portfolio.Key Metrics
Conviction's List of Top Investments
Conviction has a portfolio of 29 companies, including 2 unicorns. Their most notable investments are in Hazy and Henchman AI.Their portfolio spans across United Kingdom, United States, Belgium and 5 more locations. They have invested in Enterprise Applications, High Tech, FinTech and 17 other sectors, across stages such as Series A, Seed and 1 more. Here is the list of top investments by Conviction:1. Mimecast
Provider of cloud-based security solutions for email and collaboration security. The company offers tools for advanced email security, insider risk management, and data protection. It also provides solutions for data compliance, governance, and security awareness training. The platform integrates with various applications and offers resources such as research, product guides, and a cyber insights blog.
Key facts about Mimecast
- Founded Year: 2003
- Location: London (United Kingdom)
- Annual Revenue: $501M as on Mar 31, 2021
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $261M
- Employee Count: 2,439 as on Mar 31, 2026
- Investors: Index Ventures, Conviction and 5 Others
- Latest Funding Round: Series D, Sep 09, 2022, $*****
- Highlight: Acquired
2. Zumper
Provider of a home rental listing platform for residential properties. It facilitates tenants and landlords and agents to find and rent apartments. It facilitates landlords to search for renters, screen renters, and collect rent online. It also facilitates communities to explore apartment network sites, and support from accounts managers. The mobile app is available for download on android and iOS devices.
Key facts about Zumper
- Founded Year: 2011
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $175M
- Employee Count: 134 as on Mar 31, 2026
- Investors: Greycroft, Breyer Capital and 23 Others
- Latest Funding Round: Series D, Jan 26, 2022, $*****
- Highlight: Editors' Pick
3. Atom bank
Developer of a digital bank for individuals and businesses. It provides services for consumer and business banking including loans, current accounts, credit cards, residential mortgage loans, and money transfers. It also provides an app-based platform available on iOS and Android devices.
Key facts about Atom bank
- Founded Year: 2014
- Location: Blyth (United Kingdom)
- Annual Revenue: £-2.58K as on Mar 31, 2018
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $852M
- Employee Count: 561 as on Mar 31, 2026
- Investors: Conviction, Anthemis Group and 18 Others
- Latest Funding Round: Series F, Nov 01, 2023, $*****
- Highlight: Editors' Pick
4. Degreed
Provider of a learning experience platform for workforce skill development. The platform offers tools for skill data analysis, personalized learning, and collaborative learning experiences. It helps organizations understand and build workforce skills. The platform provides resources for onboarding, upskilling, and reskilling. It also offers services to maximize the impact of learning initiatives.
Key facts about Degreed
- Founded Year: 2012
- Location: Pleasanton (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $367M
- Employee Count: 549 as on Mar 31, 2026
- Investors: Section Partners, BYU Cougar Capital and 34 Others
- Latest Funding Round: Conventional Debt, Apr 13, 2021, $*****
- Highlight: Editors' Pick
5. Integrate
Integrate is a marketing software and media services provider brands, agencies, and media partners. Its a SaaS-based platform allows marketing professionals to plan and execute strategies from one dashboard, providing control of investment and eliminating resource-draining manual tasks. Provides advanced analytics and data governance, closed-loop program analysis and optimization to deliver ROI. Clients include Dell, Docusign, HP, Sony, Symantec and eHarmony.
Key facts about Integrate
- Founded Year: 2010
- Location: Phoenix (United States)
- Stage: Acquired
- Total Funding till date: $60.6M
- Employee Count: 293 as on Dec 31, 2022
- Investors: Archer Venture Capital, Trinity Capital and 14 Others
- Latest Funding Round: Series E, Dec 07, 2018, $*****
- Highlight: Acquired
Conviction's Year-on-Year Investment Trends
Conviction has invested in 29 companies over the last 5 years, with an average of 2 new investments annually in the last 5 years. Its most recent first time investment was in Fertifa and most recent follow-on round was in Culture AI.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 4 | 1 | 5 |
2022 | 2 | 0 | 2 |
2021 | 3 | 0 | 3 |
Conviction's Investments by Stage
Conviction has made 5 investments in Series A stage with an average round size of $9.06M, 3 investments in Seed stage with an average round size of $8.38M and 1 investment in Series B stage with an average round size of $25M.Stage of entry | No. of Investments |
|---|---|
Series A | 5 |
Seed | 3 |
Series B | 1 |
Note: We have considered here, only first round of investments
Conviction's Investments by Sector
Conviction has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, Enterprise Infrastructure, High Tech and Vertical SaaS. Notably, it has invested in 28 Tech companies, 27 Enterprise (B2B) companies, 24 Software companies and at least 19 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 7 |
Consumer | 2 |
Enterprise Infrastructure | 2 |
High Tech | 2 |
Vertical SaaS | 2 |
Others | 8 |
Note: We have considered here, only first round of investments
Conviction's Investments by Geography
Conviction has made most investments in United Kingdom (6), followed by Belgium where it has made 2 investments.Country | No. of Investments |
|---|---|
United Kingdom | 6 |
Belgium | 2 |
United States | 1 |
Note: We have considered here, only first round of investments
Conviction's recent investments
Conviction has not made any investment in 2026 so far.Here are the most recent investments by Conviction:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
May 12, 2023 | United Kingdom | Seed | 7775 | [+15] | |
May 03, 2023 | United Kingdom | Seed | 4742 | [+3] | |
Mar 28, 2023 | United Kingdom | Series A | 7071 | [+10] | |
Mar 22, 2023 | United Kingdom | Seed | 5968 | [+1] | |
Mar 02, 2023 | Belgium | Series A | 6581 | [+6] |
Unicorns in Conviction's Portfolio
Conviction has 2 unicorns in its portfolio - Degreed and Collibra. The most recent unicorn in their portfolio is Degreed. It became a unicorn in 2021, 5 years before Conviction first invested in it.Here is a list of unicorns in Conviction's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
71 | Provider of a learning experience platform for workforce skill development | 2012 | Pleasanton | Series D | gbrumkw | ||
68 | Provider of a platform for data intelligence, governance, and AI management | 2008 | Brussels | Series G | odbomcu |
Acquired companies in Conviction's Portfolio
8 companies from Conviction's portfolio have been acquired. The most recent acquisition were RightHub in May 2025 by Anaqua.Here are Conviction's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 15, 2025 | Mar 22, 2023 | Seed | 7152 | |
Nov 12, 2024 | Mar 28, 2023 | Series A | 6899 | |
Jun 17, 2024 | Mar 02, 2023 | Series A | 2729 | |
Dec 20, 2021 | - | - | 6224 | |
Dec 07, 2021 | - | - | 4908 |
Co-investors of Conviction
Over the past 5 years, 74 investors have co-invested in Conviction's portfolio companies. This includes funds and angels.
- Invested before Conviction: Tim Clauwaert, Alex Segers and 25 others have invested in rounds before Conviction. There is 1 company where Tim Clauwaert has invested before Conviction and 1 company where Alex Segers has invested before Conviction.
- Top Co-investors of Conviction: 43 investors entered a company along with Conviction. These include investors like Passion Capital (2 companies).
- Invested after Conviction: A total of 4 investors have invested in Conviction's portfolio after their investments. Top Investors include Srslegal (1 company), Alteryx (1 company) and Mercia (1 company).
Recent News related to Conviction
•
Harvey Bags $300m, Values at $3 Billion + AL AnalysisArtificial Lawyer•Feb 12, 2025•Harvey, Sequoia Capital, Rev, Conviction and 3 others
•
Cartesia Raises $27 Million to Build the Next Generation of Real-Time AI ModelsAiThority•Dec 12, 2024•Cartesia, Index Ventures, A.Capital Ventures, Conviction and 33 others
•
Didero is using AI to solve supply chain management at mid-market companiesTechCrunch+•Jul 17, 2024•Didero, First Round Capital, Construct Capital, BoxGroup and 5 others
•
AI start-up HeyGen raises US$60 million after pivot away from ChinaShareandstocks•Jun 24, 2024•HeyGen, Benchmark, Thrive Capital, Bond Capital and 2 others
•
Foundry Raises $80 Million in Seed and Series A Funding to Build a New Breed of Public CloudBusiness Wire•Mar 21, 2024•Foundry, Sequoia Capital, Lightspeed Venture Partners, Redpoint Ventures and 9 others
•
French start-up Mistral AI raises 385 million euros for its open source AIUsine Digitale•Dec 05, 2023•Mistral AI, Andreessen Horowitz, Nvidia, Salesforce and 6 others
•
Fertifa raises £5 million expand to its reproductive health benefits platform for the workplaceTech.eu•Jun 30, 2023•Fertifa, Triple Point, Notion, Tiny and 7 others
•
CultureAI secures £7m seed funding to reduce human security risksFintech•May 03, 2023•Culture AI, Conviction, Passion Capital, Senovo
•
Microsoft backs generative AI startup Hazy in £7.3m roundUKTN•Mar 28, 2023•Hazy, Microsoft, Conviction, UCL Technology Fund and 9 others
•
Nationwide participates in fundraise for AI data start-upFStech•Mar 28, 2023•Hazy, Nationwide, Wells Fargo, M12 and 11 others
