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)Gerald 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)

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

Sapan Shah(Director)Steven Touw(Director)Matthew Carroll(Executive Officer, Director)inMichael Schiller(Executive Officer, Director)

Board seatChristian Lawless· per SEC Form D

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 Software

Yash Patil(CEO)

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

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

Developer ToolsEnterprise SoftwareFintech

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

FintechInsurTechSaaS

Jumio provides AI-powered identity verification, biometric authentication, and AML screening built on an identity graph of over 30 million identities to detect fraud and support compliance.

AI & Machine LearningCybersecurityFintech

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

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)Rylan Hawkins(Co-founder)Matthew Silver(Executive Officer, Director)

BoardBrad Svrluga(Director)

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

AI & Machine LearningData & InfrastructureDeveloper ToolsFintech

Marc(Co-Founder & CEO)inElliot(Co-Founder)inAndy(Co-Founder)in

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 Software

Scott Wu(Founder)Walden Yan(Founder)Steven Hao(Founder)in

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

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

Peter Bailey(Executive Officer)Edward Bailey(Executive Officer, Director)Daniel O'Connor(Executive Officer)Nella Domenici(Executive Officer)Jeffrey Kinsey(Executive Officer)Stephen Dow(Director)

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)Robert Wachen(Co-Founder & President)Chris Zhu(Co-Founder)

Even Financial operates a financial marketplace network that matches consumers with financial products through precision targeting and personalization.

B2B MarketplacesFintechMarketing TechBrooklyn, US

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

BoardBrendan Dickinson(Director)

San Francisco, US

Evan Weaver(Executive Officer, Director, Promoter)

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)

Breeze is HubSpot's built-in AI platform that helps marketing, sales, and customer service teams automate customer-facing work using company data and CRM context.

AI & Machine LearningEnterprise SoftwareSaaS

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 ComputingSemiconductors

Jonathan Ross(Founder & CEO)in

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)in

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(Executive Officer)

Oyster Technologies builds Cara, an AI-powered "Agency Intelligence System" for insurance firms.

AI & Machine LearningInsurTechSaaS

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

AI & Machine LearningData & InfrastructureDigital HealthHealthtechBrooklyn, US

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

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

Daniel Yubi(Founder)

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

San Francisco, US

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

Qualia provides digital transaction software to streamline the residential home buying and selling process, replacing paper-based procedures with modern technology for real estate agents, lenders, title and escrow professionals, and consumers across all 50 U.S. states.

Cloud ComputingEnterprise SoftwarePropTechSaaSSan Francisco, US

Nathan Baker(Executive Officer, Director, Promoter)

BoardAlex Kolicich(Director)Tyler Sosin(Director)

Ramp provides a spend management platform that combines corporate cards, expense reimbursements, receipt capture, and accounting automation into one system, using AI to code transactions and close the books.

AI & Machine LearningFintechSaaSNew York City, US

Karim Atiyeh(Founder)in

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)

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 Tools

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

Vesta provides AI agents that automate operations for real estate and mortgage lending, with integrations to major providers including Fannie Mae and Freddie Mac.

AI & Machine LearningPropTech

Wisetack provides point-of-sale financing solutions that connect merchants with lending partners to offer customers flexible payment plans ranging from 0% to 35.9% APR.

FintechSan Francisco, US

Boyan Tzekin(Executive Officer, Director)Elisabeth O?Donnell(Director)

BoardVianney Barre(Director)Josh McFarland(Director)