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Investor profile

Conversion Capital

Venture Capital · Founded 2013 · New York City, United States

44 portfolio companies Venture Capital · $1.0B invested · 64 investments · Investor rank #2,880 · Last investment 4/2025
Portfolio companies 44 ↑ 47% 5y
Decacorns 1
Thoroughbreds 5
01 · Biggest holdings

Conversion Capital’s biggest current holdings.

The most valuable companies Conversion Capital still holds — unicorns and thoroughbreds it has backed, ordered by Dealroom’s latest valuation. Companies that have been acquired or gone public are in Exits instead. Where a cap table names Conversion Capital directly, the stake and its estimated value are shown too.

#CompanyEst. stakeValuationEst. value
  1. 1 RampDecacorn · Fintech · USA $44.0B
  2. 2 ImprobableUnicorn · Gaming · UK 0.03% $3.4B $1M
  3. 3 CAISUnicorn · Fintech · USA 5% $2.0B $55M
  4. 4 ImmutaUnicorn · Security · USA $1.0B

Estimated value = Conversion Capital’s disclosed ownership % × Dealroom’s latest company valuation; direct named stakes only, exited positions excluded. Figures are indicative, not reported marks. Conversion Capital also appears inside investor groups in Strava, where a standalone stake isn’t disclosed. See the underlying cap tables on Dealroom →

02 · Portfolio analysis

Where Conversion Capital’s portfolio is concentrated.

Distribution of portfolio companies by headquarters country, sector, entry stage and current growth stage. Across all 44 portfolio companies. "Stage entered" is the first priced round the investor joined, derived from the investor’s transaction history.

By countryCount
  1. USA41
  2. UK3
  3. Canada1
By sectorCount
  1. Fintech23
  2. Enterprise Software13
  3. Security5
  4. Real Estate4
  5. Energy3
  6. Education2
  7. Media2
  8. Transportation2
  9. Fashion1
  10. Gaming1
  11. Legal1
  12. Marketing1
By stage enteredCount
  1. Seed26
  2. Series A16
  3. Series B+2
By growth stageCount
  1. Early Growth19
  2. Breakout Stage17
  3. Late Growth9
03 · Portfolio market map

Inside Conversion Capital’s portfolio.

The 44 highest-funded portfolio companies, of 44 tracked.

Ramp
Fintech · Decacorn
$44B
Improbable
Gaming · Unicorn
$3.4B
Blend
Fintech
$343M
CAIS
Fintech · Unicorn
$2.0B
Immuta
Security · Unicorn
$1.0B
FiscalNote
Fintech
$122M
Booster
Energy
$500M
Boost Insurance
Fintech
$80M
Fauna Inc.
Enterprise Software
$108M
Learnvest
Fintech
$112M
Polly
Fintech
$148M
Amplify
Fintech
$126M
Engine
Fintech
$440M
Actively
Sports
$180M
Basis Theory
Security
$132M
Planetary Resources
Energy
$84M
Orchard Platform
Fintech
$120M
Baselane
Real Estate
$80M
Truera
Enterprise Software
$100M
Vesta
Fintech
$120M
Cargado
Transportation
$48M
RedOwl
Legal
$68M
Tuition.io
Fintech
$28M
Raylu
Enterprise Software
$32M
Prosper
Fintech
$40M
Predata
Enterprise Software
CapLinked
Fintech
$4.2M
SimplyInsured
Fintech
$24M
Pylon
Fintech
$34M
Braid
USA
Haven Servicing
Real Estate
$32M
Payable.co
Fintech
$24M
Journey
Enterprise Software
$17M
Alpin
Security
$8.0M
Oyster Technologies
Fintech
$14M
Standard Treasury
Fintech
$11M
Paribus
Fintech
$8.4M
Capital One Shopping
Fashion
Spherical Defence Labs
Security
$8.0M
Nickel
Fintech
Pandium
Energy
Perpetua Labs
Media
Conversion /IO
Fintech
Blueleaf
Fintech
04 · Portfolio founders

Where Conversion Capital’s portfolio founders come from.

60 founders across the 45 highest-funded portfolio companies — by current location, university attended, and the companies they worked at before founding. Sourced from the founder records the API links to each portfolio company.

LocationCount
  1. United States44
  2. United Kingdom8
  3. Canada1
  4. China1
  5. France1
  6. India1
UniversityCount
  1. Stanford University9
  2. Harvard University8
  3. Harvard Business School3
  4. Princeton University3
  5. University of Cambridge3
  6. Carnegie Mellon University2
  7. Columbia University2
  8. Massachusetts Institute of Technology2
  9. Trinity College-Hartford2
  10. University of California, Berkeley2
Previous companyCount
  1. Microsoft5
  2. Blend3
  3. Boston Consulting Group3
  4. 42Six Solutions2
  5. Amazon Web Services2
  6. Bloomberg2
  7. Cisco2
  8. Goldman Sachs2
  9. Handshake2
  10. McKinsey & Company2