Conversion Capital — Full Portfolio

FiscalNote provides AI-powered software that aggregates and interprets legislative and regulatory data to help organizations track and influence policy outcomes.

AI & Machine LearningData & InfrastructureGovTechSaaSWashington, US

Tim Hwang(Co-founder)inGerald Yao(Co-founder)Jonathan Chen(Co-founder)Paul Donnell(Chief Accounting Officer)Jon Slabaugh(CFO and Senior VP of Corporate Development)Richard Henderson(Executive Officer)

Co-investors645 VenturesChaac VenturesDorm RoomEastward Capital PartnersFitz Gate VenturesGPO Fund+11 more

Burlingame, US

Board seatChristian Lawless· per SEC Form D · $56M raise · filed May 2019

Nashville, US

Peter Martin(Director)Brett Danahy(Director)Dan Dalton(Director)Craig Bernard(Director)

Board seatAdam Yarnold· per SEC Form D · $2.8M raise · filed Aug 2021

Newark, US

Jonathan Chao(Executive Officer)Aditya Acharya(Director)Nipun Kant(Executive Officer, Director)

Board seatChristian Lawless· per SEC Form D · $5.5M raise · filed May 2021

Immuta provides data access and governance solutions that enable safe, instant provisioning of data at scale for humans and AI systems.

Data & InfrastructureEnterprise SoftwareAnnapolis, US

Steven Touw(Director)inMatthew Carroll(Executive Officer, Director)inMichael Schiller(Executive Officer, Director)

BoardSapan Shah(Director)

Board seatChristian Lawless· per SEC Form D

Co-investorsDrive CapitalGreycroftIntel CapitalMarch Capital PartnersNightDragonOhio Innovation Fund+6 more

Actively AI builds AI account agents for revenue teams, including a conversational assistant that answers questions about accounts, drafts emails, prepares meeting briefs, and recommends next-best-actions to progress deals.

AI & Machine LearningSaaSSales Tech

Co-investorsAlkeon InnovationFirst Round CapitalTCVBain Capital Ventures

Applied Compute builds proprietary AI agents trained on enterprise-specific workflows and data that continuously improve through real-world usage.

AI & Machine LearningCloud ComputingDeep TechEnterprise SoftwareSan Francisco, US

Yash Patil(CEO)Rhythm Garg(Founder)inLinden Li(Founder)

Co-investorsKleiner PerkinsNeoAbstract VenturesLux CapitalScribble VenturesSV Angel

Astral is an AI-powered K–8 math curriculum that generates personalized daily lessons, practice, placement assessments, and mastery tracking for each child, with an AI tutor, explanatory videos, and faith/values alignment.

AI & Machine LearningEdTechSaaS

Baselane provides accounting and financial management software for real estate investors and landlords, helping them track cash flow, manage property finances, and optimize tax deductions.

AI & Machine LearningFintechPropTechSaaS

Thorben Scheidegger(Founder)in

Co-investorsActivant CapitalDiagramMatrixParameter VenturesThomvest Ventures

Basis Theory provides a payment vault platform that tokenizes and routes payment data across payment service providers while maintaining PCI compliance.

Developer ToolsEnterprise SoftwareFintech

Co-investorsBessemer Venture PartnersBoxGroupGood FriendsKindred VenturesMoneta VC

Amplify builds cloud-based infrastructure for life insurance distribution, connecting consumers, agents, and carriers through a unified platform.

FintechInsurTechSaaS

Co-investorsGreycroftAnthemis Venture

AI & Machine LearningCybersecurityFintech

Bizzen is an AI back-office app for construction contractors that records site walkthroughs by voice, text, or video and turns them into notes, scopes of work, estimates, change orders, and cost-plus reports.

AI & Machine LearningConstruction TechSaaS

Co-investorsUnderscore VC

Booster provides on-site fuel delivery to vehicle fleets, refueling vehicles during off-hours to avoid off-route trips to gas stations.

EnergyLogistics & Supply ChainMobility & Transportation

Co-investorsExpansion Venture CapitalChaac VenturesEquinor VenturesRose Park AdvisorsThayer Ventures

Boost provides API-based insurance infrastructure that packages compliance, capital, and technology, including MGA infrastructure on rated carrier paper, a policy admin system, data dashboards, and reinsurance capacity.

FintechInsurTechSaaS

The page presents mortgage lending integration that businesses can build into their products, alongside promotional content for a third-party trading platform (Pocket Option) in the UAE.

Fintech

Cargado operates a digital marketplace connecting freight brokers and carriers for cross-border freight movements between Mexico, Canada, and the United States.

B2B MarketplacesLogistics & Supply ChainSaaSChicago, US

Matt Silver(Co-founder)inRylan Hawkins(Co-founder)inMatthew Silver(Executive Officer, Director)

BoardBrad Svrluga(Director)in

Co-investorsLGVPAssembly VenturesIronspring VenturePrimary Venture PartnersProeza VenturesStarting Line+3 more

Chalk provides data infrastructure and risk modeling for financial services companies.

AI & Machine LearningData & InfrastructureDeveloper ToolsFintech

Marc Freed-Finnegan(Co-Founder & CEO)inElliot Marx(Co-Founder)inAndy(Co-Founder)inAndrew Moreland(Co-founder)in

Co-investorsCore Venture CapitalFelicis VenturesTriatomic CapitalUnusual VenturesXfund

Clasp provides API-, SDK-, and MCP-based infrastructure and automation for health benefits administration, handling quoting, group setup, open enrollment, carrier feeds, and ACA/COBRA compliance.

FintechInsurTechSaaS

Cognition develops Devin, an autonomous AI software engineer agent that plans, writes, tests, and deploys production code within existing development environments to augment human engineering teams.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareSan Francisco, US

Scott Wu(Co-founder & CEO)inWalden Yan(Founder)Steven Hao(Founder)in

Co-investors137 Ventures8VCAbstract VenturesAlpha Wave GlobalAntiAvenir Growth Capital+11 more

College Pulse operates a platform for collecting and sharing student opinion data across college campuses.

Data & InfrastructureEnterprise SoftwareMarketing TechSaaSSocialSan Francisco, US

Terren Klein(Founder/CEO)in

Co-investorsY CombinatorMadrona Venture GroupNorwest Venture PartnersCathexis Ventures

Dataminr provides AI-powered real-time event detection by synthesizing text, images, video, audio, and sensor signals across public data sources.

AI & Machine LearningCybersecurityData & InfrastructureEnterprise SoftwareGovTechImpact & Social GoodNew York, US

Edward Bailey(Executive Officer, Director)Ted Bailey(Founder)inPeter Bailey(Executive Officer)Daniel O'Connor(Executive Officer)Nella Domenici(Executive Officer)Jeffrey Kinsey(Executive Officer)in

Co-investorsAdit Ventures Management, LlcAllied Venture PartnersAlpha Square GroupBlue Ivy VenturesCastor Ventures (an Alumni Ventures Fund)Cross Creek Advisors+19 more

Etched designs and manufactures AI inference chips and rack-scale systems optimized for frontier models, using co-designed hardware, software, and manufacturing processes to deliver best-in-class throughput, latency, and power efficiency.

AI & Machine LearningDeep TechSemiconductorsSan Jose, US

Gavin Uberti(Co-Founder & CEO)inRobert Wachen(Co-Founder & President)Chris Zhu(Co-Founder)in

Co-investorsAntiAZURO CAPITAL VENTURESBain Capital VenturesBeyond CapitalCopper Sky CapitalDash VC+17 more

Even Financial, operating as Engine, runs a financial services marketplace and matching network that connects consumers with financial products through APIs and white-labeled experiences.

AI & Machine LearningFintechMarketplacesBrooklyn, US

Phill Rosen(Founder & CEO)Ian Rosen(Executive Officer, Director)Jarid Maged(Executive Officer, Director)

BoardBrendan Dickinson(Director)in

Co-investorsAAF Management Ltd.F-Prime CapitalGreatPoint VenturesMassMutual VenturesValuestream VenturesCanaan Partners+4 more

Fauna built FaunaDB, a serverless document-relational cloud database, and shut down the service in May 2025.

San Francisco, US

Evan Weaver(Executive Officer, Director, Promoter)

Co-investorsDCVC (Data Collective)Madrona Venture GroupMango CapitalPoint72 VenturesVista Venture PartnersZ Venture Capital+3 more

Figure is a lending platform that offers residential and commercial loan products including home equity lines of credit, cash-out refinances, DSCR loans, and crypto-backed loans for borrowers.

AI & Machine LearningCrypto & Web3FintechCharlotte, US

Mike Cagney(Co-Founder, Executive Chairman)inJune Ou(Co-Founder, Advisor, Board Member)inJin Woo Park(Executive Officer, Director)

Co-investorsB3 CapitalBlue Lion GlobalChaos VenturesDCM VenturesDigital Currency GroupEthos VC+20 more

AI & Machine LearningEnterprise SoftwareSaaSSales Tech

George Davis(Founder)inBrandon Reiss(Founder)in

Co-investorsGreycroftKube VCThe Robotics HubValuestream VenturesVelvet Sea VenturesElad Gil+3 more

Frec builds low-cost, modern finance and investing tools aimed at individuals seeking alternatives to traditional wealth managers.

FintechSaaSSan Francisco, US

Mo Al Adham(Founder & CEO)inAshley Rodabaugh(Chief Compliance Officer)Sandeep Sripada(Chief Technology Officer)Dimitri Rodrigo(Head of Brokerage Operations)Amberly Jones(Head of Growth)Grace N.(Founding Designer)

Co-investorsGreylock PartnersPathbreaker VenturesSocial Leverage

Nickel is a cashflow platform for small and mid-sized US businesses that handles accounts receivable and payable, offering free ACH, domestic and international payments across 135+ countries, an interest-bearing balance account, and business financing.

AI & Machine LearningFintechSaaS

Co-investorsStage 2 CapitalStanley VenturesWischoff Ventures

Groq designs and manufactures the LPU (Language Processing Unit), a chip purpose-built for AI inference, and operates GroqCloud, a platform for running inference workloads with low latency and cost efficiency across global data centers.

AI & Machine LearningCloud ComputingSemiconductorsPalo Alto, US

Jonathan Ross(Founder & CEO)inDouglas Wightman(Executive Officer, Director)

BoardChamath Palihapitiya(Director)

Co-investorsAcequia Capital (AceCap)Alumni VenturesB CapitalBasecamp FundBeyond CapitalBlueYard Capital+36 more

Haven is a digital platform that simplifies home financing and mortgage management for homeowners by connecting them with mortgage companies.

FintechMarketplacesPropTechSaaSNew York City, US

Aditya Acharya(Founder)inNipun Kant(Founder)inJonathan Chao(Founder)in

Co-investors1Sharpe VenturesEmles Venture PartnersGoAhead VenturesRWT HorizonsY CombinatorBoxGroup

Improbable is a venture builder and technology company that creates and scales ventures in AI, Web3, and the metaverse, drawing on over a decade of experience in large-scale multiplayer technology and virtual worlds.

AI & Machine LearningCrypto & Web3Deep TechCambridge, GB

Herman Narula(Founder)Rob Whitehead(Co-founder)Aaron Alexander Neale(Executive Officer)Patrick Andrew Timoney(Executive Officer)Samuel Mark Kalnins(Executive Officer)Peter Richard Lipka(Chief Operating Officer)

Co-investorsAndreessen HorowitzHorizons VenturesTemaseka16z cryptoBloc VenturesDigital Currency Group+2 more

micro1 operates a data lab that produces expert human data, reinforcement-learning training environments, and contextual evaluations to train frontier AI models and assess AI agents.

AI & Machine LearningData & InfrastructureRobotics

Co-investors01 AdvisorsActivant CapitalCoho DeeptechCompanyon VenturesCosmic Venture PartnersHyperguap+3 more

Oyster Technologies builds Cara, an AI-based "Agency Intelligence System" for insurance agencies, brokerages, and wholesalers.

AI & Machine LearningInsurTechSaaS

Co-investorsHypothesisInterlace VenturesPosition VenturesCambrian Ventures

Paribus was a consumer service that automatically monitored users' online purchases and claimed refunds when prices dropped after purchase.

ConsumerE-commerceFintechNew York City, US

Karim Atiyeh(Founder)in

Co-investorsY Combinator

Particle Health provides secure healthcare data access and interoperability services, enabling analysis and actionable insights across healthcare platforms.

AI & Machine LearningData & InfrastructureDigital HealthHealthtechBrooklyn, US

Dan Horbatt(Executive Officer, Director)Troy Bannister(Executive Officer, Director, Promoter)

BoardGreene Taylor(Director)

Co-investorsCanvas VenturesLifeX VenturesMenlo VenturesPruVen Capital PartnersStory VenturesThe Fund

Payable was a company founded by Daniel Yubi that was acquired by Stripe; the domain now hosts his personal newsletter.

Daniel Yubi(Founder)

Co-investorsClocktower Ventures

Perpetua provides retail media optimization software that automates the creation, execution, and optimization of advertising campaigns on Amazon, Walmart, and other marketplaces.

AdTechE-commerceRetail Tech

Co-investorsNycaNyca Partners

New York, US

Daniel Nadler(Director)Edward Jordan(Director)James Shinn(Executive Officer, Director)

BoardChris Sugden(Director)

Co-investorsFitz Gate VenturesEdison Partners

San Francisco, US

June Ou(Interim Director)Michael Cagney(Interim Executive Director)

BoardEric Malchodi(Interim Director)

Co-investorsDCM VenturesGateCap VenturesParaFi CapitalSustany CapitalTransLink CapitalUlu Ventures+1 more

Qualia provides cloud-based title, escrow, and eClosing software with an online order fulfillment platform and vendor integrations for managing real estate closings.

FintechPropTechSaaSSan Francisco, US

Nathan Baker(Executive Officer, Director, Promoter)

BoardAlex Kolicich(Director)inTyler Sosin(Director)in

Co-investors8VCBallistic VenturesClocktower VenturesHuman CapitalMenlo Ventures10x Founders+2 more

Ramp offers a finance platform that combines corporate cards, expense management, and AI-driven automation for receipt capture, transaction coding, and reimbursements.

AI & Machine LearningFintechSaaSNew York, US

Karim Atiyeh(Co-Founder & Co-CEO (formerly CTO))inEric Glyman(CEO)Gene Lee(Co-Founder)Rahul Sengottuvelu(Chief Technology Officer)William (Will) Petrie(Chief Financial Officer)inGeoff Charles(Chief Product Officer)

Co-investors1/1 Capital137 Ventures8VCA*Alpha Wave GlobalAnti+46 more

Raylu is an AI-powered origination engine for private markets investors, designed to translate investment strategy into deal action and shorten the time between conviction and capital deployment.

AI & Machine LearningEnterprise SoftwareFintech

Ali Dastjerdi(Founder)in

Co-investorsUnusual Ventures

Realm is an AI platform for mining operations that connects to existing infrastructure — CCTV cameras, SCADA, drones, ERP, and document stores — to monitor safety, asset health, plant optimization, and regulatory compliance.

Advanced ManufacturingAI & Machine LearningEnterprise Software

Co-investorsNarya CapitalRavelin Capital

Science Corporation develops brain-computer interface and neural engineering technology to restore vision, cognition, and mobility to patients with debilitating conditions.

AI & Machine LearningBiotechDeep TechDigital HealthMedical DevicesAlameda, US

Max Hodak(Chief Executive Officer)

Co-investorsage1Artis VenturesAvalanche VCBeyond CapitalDuke Capital PartnersFifty Years+8 more

Spherical Defense provides an API security product that uses unsupervised deep learning to build a positive security model of application traffic, offering an alternative to web application firewalls and rule-based tools.

AI & Machine LearningCybersecuritySaaS

Temporal is an open-source workflow engine that enables durable execution for backend services and distributed systems.

AI & Machine LearningCloud ComputingData & InfrastructureDeveloper ToolsBellevue, US

Samar Abbas(CEO & Co-Founder)Maxim Fateev(CTO & Co-Founder)in

Co-investorsAmplify PartnersAndreessen HorowitzArtisanal VenturesIndex VenturesMadrona Venture GroupSapphire Ventures+4 more

AI Quality solutions that drive ML performance and trust

Redwood City, US

Anupam Datta(Co-Founder, President & Chief Scientist)inShayak Sen(Co-Founder & Chief Technology Officer)inWill Uppington(Co-Founder & Chief Executive Officer)in

BoardTim Tully(Board Member (Partner, Menlo Ventures; former CTO, Splunk))Jerry Chen(Investor / Board contact (Partner, Greylock Partners))

Co-investorsData Community FundForgePoint CapitalGreylock PartnersHarpoon VenturesMenlo VenturesWing

Turnout provides expert assistance and technology to help individuals win disability claims, navigate the healthcare system, obtain VA benefits, and support their children's needs.

GovTechHealthtech

Co-investorsFour Acres CapitalHoneystone VenturesShine CapitalLGVPMangusta CapitalSwish Ventures

Vesta is an AI marketing platform for live events that uses AI agents to research the event and market, design a marketing strategy, and execute campaigns across channels such as Meta Ads, social media, email, and press.

AdTechAI & Machine LearningMarketing TechRalston, US

Co-investorsInvest NebraskaTechstarsAndreessen HorowitzBain Capital Ventures

Vesta builds a cloud-based loan origination system for mortgage lenders, replacing outdated legacy systems with modern software that supports concurrent user access and AI-powered workflow automation.

AI & Machine LearningEnterprise SoftwareFintechPropTechSaaSSan Francisco, US

Mike Yu(Cofounder)inDevon Yang(Founder)inKelly Erhart(Cofounder)mike yu(Founder)

Co-investorsAndreessen HorowitzTemerity Capital PartnersZigg CapitalWischoff Ventures

Vesta develops Marine Enhanced Rock Weathering, adding carbon-removing olivine sand to coastal systems to permanently remove carbon dioxide, reduce ocean acidity, and support shoreline protection.

CleantechClimate TechImpact & Social Good

Co-investorsAutodesk FoundationAzolla VenturesPrime Impact FundAndreessen Horowitz

Wisetack provides consumer financing at the point of sale, letting merchants offer their customers installment payment plans through Wisetack's lending partners.

FintechSaaSSan Francisco, US

Boyan Tzekin(Executive Officer, Director)Bobby Tzekin(CEO and Co-Founder)inKolya Klymenko(CTO & Co-Founder)inMykola "Kolya" Klymenko(CTO and Co-Founder)Liz O'Donnell(Co-Founder (formerly COO))Katya Baron(Chief Capital Officer)in

Co-investorsGreylock PartnersInsight PartnersNAventuresQuadrille CapitalUlu VenturesBain Capital Ventures+1 more