Organization · Venture Capital
Conversion Capital
Conversion Capital is an early-stage venture capital firm based in New York City, with additional offices in San Francisco and Washington, D.C. The firm focuses on investments in technology companies, particularly in AI, cloud infrastructure, and software.
Overview
What Conversion Capital does
What Conversion Capital is
Conversion Capital is an early-stage venture capital firm based in New York City, with additional offices in San Francisco and Washington, D.C. The firm focuses on investments in technology companies, particularly in AI, cloud infrastructure, and software.
How it participates in the startup ecosystem
The current public profile supports funder and publisher capabilities. Each capability below is shown separately so organization identity and role-specific information do not get conflated.
Operational profile
Organization status and context
Organization status describes the entity itself. Funding and program availability appear within the relevant capability profile.
- Operational status
- Active
- Organization type
- Venture Capital
- Founded
- Founded in 2015
- Approximate age
- About 11 years
- Structured capabilities
- Funder · Publisher
- Last reviewed
- April 9, 2026
Official channels
Find Conversion Capital elsewhere
Open the official website or a supported primary organization account.
Capability profile
Conversion Capital as a funder
Investment thesis
Backing infinite teams in infinite markets, focusing on transformative businesses in AI, cloud infrastructure, and software.
Focus narrative
Conversion Capital invests primarily in early-stage technology companies, emphasizing sectors such as AI, cloud infrastructure, and software. The firm targets various stages of investment, including pre-seed, seed, and Series A funding, to support the growth of transformative technologies.
Value beyond capital
Conversion Capital adds value to its portfolio companies through the Conversion Labs Fellowship, which recruits and supports technical talent. The firm provides access to exclusive events, sector research, and industry networks, enhancing the growth potential of its investments.
Terms and economics
- Typical check
- $1,000,000–$20,000,000
- Sweet spot
- $10,000,000
Focus and fit
- Stages
- Pre-seed · Seed · Series A
- Regions
- Global · North America
Availability
- Currently deploying
- Yes
Portfolio and track record
- Recorded portfolio count
- 10
- Recorded notable exits
- Ramp and Blend
Portfolio context
Notable portfolio companies include: Ramp: A corporate expense management platform that has achieved unicorn status. Cognition: An AI software engineering company that raised $400M at a $10.2B valuation in 2024. Temporal: Specializes in workflow orchestration and has raised $300M. Blend: A mortgage and banking technology company listed on NYSE. Figure: Innovates in lending technologies. Vesta: Provides mortgage infrastructure solutions. Chalk: Offers machine learning feature engineering tools.
Capability profile
Conversion Capital as a publisher
Editorial focus
Conversion Capital specializes in early-stage investments in technology companies, particularly in artificial intelligence (AI), cloud infrastructure, and software. The firm aims to identify transformative technologies that can disrupt traditional industries, targeting various stages of investment including pre-seed, seed, and Series A funding.
Audience value
Conversion Capital provides early-stage funding and support to technology companies, leveraging its expertise and network to help founders build transformative businesses.
Format and cadence
- Content formats
- newsletter and blog
- Primary platform
- Substack
Availability
- Guest pitch state
- Not currently accepting
Audience and focus
- Audience
- Founders · Investors
- Regions
- North AmericaUnited States
Flagship work and coverage
Flagship properties
Conversion Capital publishes insights and updates through its Substack newsletter and Medium articles, focusing on technology and investment trends.
Notable coverage
Conversion Capital has been recognized for its investments in notable portfolio companies such as Ramp, Cognition, and Temporal, which have achieved significant valuations and growth.
Common questions
What to know about Conversion Capital
Upseed classifies Conversion Capital under the Venture Capital organization type. Its current public profile includes funder and publisher capabilities.
Source and update disclosure
Know what this page is based on
Source basis
Public organization and program material, official websites, and structured Upseed records.
Last reviewed
April 9, 2026
Known limits
Capability profiles appear only when a structured public profile also contains decision-useful role evidence. Terms and availability can change.
Upseed is an independent guide. It is not affiliated with or endorsed by the organization described on this page.