- Recent Funding
- Investors
- Conversion Capital
Conversion Capital portfolio
Conversion Capital has 9 portfolio companies on record at Recent Funding, with 1 investment in the last 12 months.
About this page
It is a venture capital firm based in San Francisco, US, founded in 2015. It led 2 of the 5 rounds it joined. Its most recent investment on record is Vesta's $30M Series B+ round in October 2026, which it led. By category, its portfolio leans toward AI agents (3) and Health and bio (3). It has co-invested with Madrona, Maveron and Perot Jain, most often Madrona (2 rounds).
About Conversion Capital
What Conversion Capital invests in
- AI agents · 3 · 33%
- Health and bio · 3 · 33%
- Fintech · 3 · 33%
- Logistics and mobility · 2 · 22%
- Developer tools and cloud · 2 · 22%
- Lending and credit · 1 · 11%
- Real estate and construction · 1 · 11%
- Cybersecurity · 1 · 11%
Conversion Capital recent investments
| Company | Round | Date | Alongside |
|---|---|---|---|
| Series B+ · $30M · lead | none named | ||
| Seed · $21M | Honeystone Ventures, JAZ Capital Partners, Swish Ventures +4 | ||
| Series B+ · $56M | Enterprise Holdings, TotalEnergies Ventures, Invus Opportunities (lead) +5 | ||
| Seed · $4M | FJ Labs, Greylock (lead), Ulu Ventures +1 | ||
| Series B+ · $20M · lead | RRE Ventures, StartX, Version One Ventures +4 |
How Conversion Capital invests
Conversion Capital portfolio companies
VVesta$30MSeries B+ · Oct 2026
TTurnout$21MSeed · Sep 2025
BBooster$56MSeries B+ · Jun 2019
WWisetack$4MSeed · Feb 2019
Mmicro1backer
CClaspbacker
SSciencebacker
BBlueleafbacker
CChalkbacker
| Company | Round with Conversion Capital | Total raised | Latest raise |
|---|---|---|---|
Lending and credit |
Series B+ · $30M · lead | $30M | Oct 8, 2026 Series B+ |
Health and bio |
Seed · $21M | $56M | Jun 11, 2026 Series A |
Climate and energy |
Series B+ · $56M | $218M | May 25, 2022 Series B+ |
Fintech |
Seed · $4M | $64M | Apr 19, 2025 Series B+ |
AI agents |
backer | $139.6M | Sep 23, 2026 round |
AI agents |
backer | $20M | Mar 26, 2026 Series B+ |
Health and bio |
backer | $230M | Mar 5, 2026 Series B+ |
Fintech |
backer | undisclosed | — |
Insurance |
backer | $60M | Jul 13, 2026 Series A |
Most frequent co-investors
MMadrona2 shared rounds · last Jun 25, 2019
MMaveron2 shared rounds · last Jun 25, 2019
PPerot Jain2 shared rounds · last Jun 25, 2019
ZZeev Ventures1 shared round · last Sep 17, 2025
SShine Capital1 shared round · last Sep 17, 2025
- LLGVP1 shared round · last Sep 17, 2025
SSwish Ventures1 shared round · last Sep 17, 2025
FFour Acres Capital1 shared round · last Sep 17, 2025
HHoneystone Ventures1 shared round · last Sep 17, 2025
JJAZ Capital Partners1 shared round · last Sep 17, 2025
IInvus1 shared round · last Jun 25, 2019
VVulcan Capital1 shared round · last Jun 25, 2019
Similar investors
HHanabi Capital9 companies · 4 deals in 12 mo
NNight Capital9 companies · 4 deals in 12 mo
SSofina10 companies · 6 deals in 12 mo
TTogether Fund10 companies · 5 deals in 12 mo
MMoonfire Ventures10 companies · 3 deals in 12 mo
GGeneration Investment Management8 companies · 3 deals in 12 mo
Investors whose portfolios on Recent Funding center on the same category (AI agents).
How this is counted
Firm profile: Fundraising Fox Open Dataset v2026-11, CC BY 4.0. Track-record counts are theirs, not Recent Funding's.
Share is of the 5 rounds on Recent Funding that name Conversion Capital. Rounds with no announced date are left out of the year split, and "round" is a round whose stage is not on file.
Portfolio companies are the companies on Recent Funding with a round that lists Conversion Capital, which is a subset of its real portfolio. API: /api/v1/investors/conversion-capital (get a free API key). More: the most active VC firms and new venture capital funds.