What does Conversion Capital invest in?
Conversion Capital invests most often at Seed and Series A (74% of the rounds on record), in sectors such as Collaboration Tools, Productivity Tools and Recurring.

United States · Investor
Last cheque observed Oct 2026; 27 cheques on record.
VC firmDeploying nowNew fund $120M, Aug 2026
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1 cheques in the last 12 months
Mostly Seed and Series A: 74% of its rounds
Sole investor in 4 rounds, median $1.2M
3 exits from the portfolio
Early-stage, long-term investors in AI, cloud infrastructure, and software companiesFrom their own website
Every round we can evidence, newest first27 appearances
1 round
1 round
1 round
2 rounds
6 rounds
3 rounds
9 rounds
4 rounds
An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.
Named by the firm itself, on a filing, its Form ADV or its company registration1 named
We also hold 7 people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.
From the firm's own filings with the SEC, which it must file accurately by law
From their own portfolio page (on their website)
Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.
Companies it backed that were later bought or listed3 in all
An exit counts when it came after the firm's first round in the company. From historical deal records.
The investors most often in the same rounds as Conversion Capital. A count of rooms they were both in, not a relationship either has claimed.
The latest companies Conversion Capital put money into.
Conversion Capital invests most often at Seed and Series A (74% of the rounds on record), in sectors such as Collaboration Tools, Productivity Tools and Recurring.
27 investments on record, 1 of them in the last 12 months, and it led 2. The most recent was in Oct 2026.
Its most recent investments on record: Vesta (Series B, Oct 2026), Cargado (Series A, Apr 2025) and Booster (Series C, Jun 2019).
The median round it joins is $30M. It says it writes cheques of $500K to $5.0M.
Sometimes: it led 2 of its 27 investments on record (7%).
Most of the companies it backs are in the United States (96%).
Yes: it is actively investing, with 1 investments in the last 12 months.
Most often Canaan (3 rounds together), Ron Suber (3 rounds together) and SV Angel (3 rounds together).
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Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it