Conversion Capital: Funding, Team & Investors

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Conversion Capital: Funding, Team & Investors | Startup Intros

About

Conversion Capital is a New York City-based early-stage venture capital firm that provides seed and Series A funding to technology startups. The firm invests initial checks ranging from $500,000 to $5 million into companies operating across artificial intelligence, vertical software, cloud infrastructure, financial technology, healthcare, and national security. Managing over $250 million in assets under management, the firm successfully raised $122 million for its third flagship fund during the 2022 calendar year. Its active portfolio consists of more than 70 companies that have collectively generated $35 billion in total market capitalization, including notable investments in Ramp, Blend, Figure, Vesta, and Wisetack. The firm has recorded 17 exits to date, primarily through mergers and acquisitions alongside Blend's initial public offering on the New York Stock Exchange. Conversion Capital was founded in 2015 by Christian Lawless.

Financial History

Total Raised

N/A

Valuation

N/A

Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Sep 1, 2025	Turnout	$21.0M Seed	Shine Capital, LGVP	Alumni Ventures, Investinor, La Famiglia, TrueSight Ventures, Ed Brandler, Four Aces, Honeystone Ventures, Jaz Capital Partners, Swish Ventures, Zeev Ventures
Sep 1, 2025	Omnara	$500K Seed	—	Andreessen Horowitz, Bain Capital Ventures, Better Tomorrow Ventures, Blackbird Ventures Australia, Daffy, Endure Capital, Fifth Wall, Founders Fund, General Catalyst, QED Investors, Ravelin Capital, The Hit Forge, Village Global, Y Combinator, Zak Kukoff
Sep 1, 2025	Figure	$1.0B Series C	Parkway Venture Capital	10T Holdings, Alpha Square Group, DST Global, Evolution VC Partners, Haymaker Ventures, Intel Capital, Magma Partners, Morgan Creek Capital Management, MUFG Innovation Partners, Quantum Angels Venture Capital, Ulu Ventures, Anthony Pompliano, Shane Neman, Brookfield Asset Management, Jeff Bezos, NVIDIA
Aug 1, 2025	Pylon	$31.0M Series B	Bain Capital Ventures, General Catalyst, Andreessen Horowitz, Jennifer Li	ARCH Venture Partners, Better Tomorrow Ventures, Blackbird Ventures Australia, Conviction Partners, Daffy, Endure Capital, Fifth Wall, FINTOP Capital, Fort Ross Ventures, Founders Fund, F-Prime Capital Partners, FTAC Ventures, FTX Ventures, Lux Capital, Mubadala, QED Investors, Ravelin Capital, The Hit Forge, Village Global, Y Combinator, Arash Ferdowsi, Balaji Srinivasan, Eoghan McCabe, Karim Atiyeh, Scott Belsky, Zak Kukoff, Y Combinator
May 1, 2025	Operand	$3.0M Seed	Felicis Ventures	Founders Fund, Pioneer Fund, Sequoia Capital, Y Combinator, Gokul Rajaram, Matt Macinnis, Max Mullen, Ali Rowghani, Soma Capital, SV Angel, Y Combinator
May 1, 2025	Owner	$120.0M Series C	Meritech Capital Partners, Shalini Rao	AirAngels, Alt Capital, Alumni Ventures, Antler, Balderton Capital, Better Tomorrow Ventures, Blu Venture Investors, Browder Capital, C2 Investment, Caffeinated Capital, Citi Ventures, CP Ventures, FJ Labs, Footprint Coalition, Forgepoint Capital, Foundation Capital, Founders Fund, FTX Ventures, Hercules Capital, Ignition Partners, Jetstream, Khosla Ventures, Kleiner Perkins, Lightspeed Venture Partners, Mischief Venture Capital, Montage Ventures, Oyster Ventures, Pareto Holdings, Redpoint Ventures, Roble Ventures, Saga, Sapphire Ventures, Sequoia Capital, Summit Partners, Susa Ventures, TCV, TechAviv Founder Partners, The Hit Forge, True Ventures, Y Combinator, Aaron Levie, Adam D'Angelo, Amjad Masad, Azeem Azhar, Christina Cacioppo, Claire Hughes Johnson, Dharmesh Shah, Dylan Field, Fidji Simo, Gokul Rajaram, Hippolyte Genet, Immad Akhund, Jason Lemkin, Jonathan Neman, Joshua Reeves, Julian Shapiro, Justin Mateen, Kyle Vogt, Larry Summers, Mark Gillespie, Matt Macinnis, Max Mullen, Nik Sharma, Parker Conrad, Sagi Paz, Scott Belsky, Sean Rad, Siqi Chen, William Hockey, Brett Hurt
May 1, 2025	Agree.com	$7.0M Seed	Tyler Hogge	Alex, AngelList, Ballistic Ventures, Better Tomorrow Ventures, Cambrian Ventures, Era Ventures, Jenny Fielding, Scott Hartley, Everywhere Ventures (The Fund), Founders Fund, Matchstick Ventures, Mucker Capital, NFX, Sequoia Capital, Y Combinator, Alex Alpert, Matt Macinnis, Max Mullen, Mengxi Lu, Russ Heddleston, Will Szczerbiak, Gokul Rajaram, 8-Bit Capital, Blank Ventures, Firsthand Alliance, Hustle Fund, Singh Capital Partners, Sophia Amoruso
Apr 1, 2025	Nuvo	$34.0M Series A	—	Bain Capital Ventures, Builders, Defy Partners, Founders Fund, LGF, Nexus Venture Partners, Pioneer Fund, rocketship.vc, Sequoia Capital, Shaan's All Access Fund, Sweet Capital, Y Combinator, Zigg Capital, Ameet Patel, Arash Ferdowsi, Frederic Kerrest, Gokul Rajaram, Immad Akhund, Jeremy Yap, Kulveer Taggar, Matt Macinnis, Max Mullen, Nolan Gray, Prasanna Srikhanta, Stanley Druckenmiller
Nov 1, 2024	Provenance Blockchain Labs (ProvLabs)	$18.0M Seed	—	Amadeus Capital Partners, Andreessen Horowitz, Digital Currency Group, Morgan Creek Capital Management, Race Capital, Chris Kurdziel, David Rutter, Imran Khan
Sep 1, 2024	Capsa AI	$2.0M Seed	Outward VC	Andreessen Horowitz, Antler, Ballistic Ventures, Founders Fund, General Atlantic, Greylock, Kindred Capital VC, Maveron, North Island Ventures, Nyca Partners, Outrun Ventures, Valar Ventures, Verified Capital, Y Combinator, Kris Duggan
Sep 1, 2024	Oyster	$59.0M Series D	Silver Lake Waterman	Acadian Ventures, Accel, Andreessen Horowitz, Bedrock Capital, Bling Capital, BoxGroup, Cambrian Ventures, Connect Ventures, Emergence Capital, Highland Capital Partners, Indeed.com, Kearny Jackson, monashees, Salesforce Ventures, Slack Fund, SNR, SV Latam Fund, TY, Ulu Ventures, Eric Nadalin, Garrett Koehn, Gokul Rajaram, Sam Altman
Aug 1, 2024	Pylon	$17.0M Series A	Andreessen Horowitz, Jennifer Li	ARCH Venture Partners, Bain Capital Ventures, Better Tomorrow Ventures, Blackbird Ventures Australia, Conviction Partners, Craft Ventures, Daffy, Endure Capital, Fifth Wall, FINTOP Capital, Fort Ross Ventures, Founders Fund, F-Prime Capital Partners, FTAC Ventures, FTX Ventures, General Catalyst, Lainy, Lux Capital, Mubadala, QED Investors, Ravelin Capital, Sarah Smith Fund, The Hit Forge, Village Global, Y Combinator, Arash Ferdowsi, Balaji Srinivasan, Eoghan McCabe, Karim Atiyeh, Scott Belsky, Chi-Hua Chien, Y Combinator
May 1, 2024	Kudos	$10.0M Series A	QED Investors	Adverb Ventures, Andreessen Horowitz, Ardent Venture Partners, Bain Capital Ventures, Better Tomorrow Ventures, Blackbird Ventures Australia, Daffy, Endure Capital, Fifth Wall, Founders Fund, General Catalyst, Not Boring Capital, Patron, Ravelin Capital, The Hit Forge, Village Global, Y Combinator, Zak Kukoff, Brian Kelly, Carl Fritjofsson, Four Cities Capital, Newtype Ventures, Precursor Ventures, Samsung Next, SV Angel, The Mini Fund
Feb 1, 2024	Taxa Technologies	$3.0M Seed	Boost VC	10T Holdings, Alpha Square Group, DST Global, Evolution VC Partners, Haymaker Ventures, Intel Capital, Magma Partners, Morgan Creek Capital Management, MUFG Innovation Partners, Quantum Angels Venture Capital, Ulu Ventures, Anthony Pompliano, Midnight Venture Partners, Savantus Ventures, Spacecadet Ventures
Feb 1, 2024	Figure	$680.0M Series B	—	10T Holdings, Alpha Square Group, DST Global, Evolution VC Partners, Firstminute Capital, Flucas Ventures, Haymaker Ventures, Intel Capital, Shawn Modarresi, Magma Partners, Morgan Creek Capital Management, Motley Fool Ventures, MUFG Innovation Partners, Quantum Angels Venture Capital, Ulu Ventures, Anthony Pompliano, Jay Z, Kevin Hart, Seth Goldman, Shane Neman
Jan 1, 2024	Cofactory AI	$2.0M Seed	—	C2 Investment, Madrona Ventures, Maveron, Princeville Capital, RRE Ventures, Louis Beryl
Jan 1, 2024	Owner	$33.0M Series B	Jack Altman, Altman Capital, Redpoint Ventures, SaaStr Fund	Abstract Ventures, Kevin Hartz, AirAngels, Alt Capital, Alumni Ventures, Andreessen Horowitz, Antler, Balderton Capital, Benchmark, Better Tomorrow Ventures, Browder Capital, C2 Investment, Caffeinated Capital, Citi Ventures, CP Ventures, E1 Ventures, Jenny Fielding, Scott Hartley, FJ Labs, Footprint Coalition, Foundation Capital, Founders Fund, Framework Ventures, FTX Ventures, Greylock, HOF Capital, Ignition Partners, Kindred Ventures, LGF, Meritech Capital Partners, Mischief Venture Capital, Montage Ventures, Nexus Venture Partners, Oyster Ventures, Pantera Capital, Paradigm, Pareto Holdings, Roble Ventures, Saga, Seed Club Ventures, Sequoia Capital, SRB Ventures, Stratus Ventures, Summit Partners, Susa Ventures, Sweater Ventures, TCV, Techstars, The Hit Forge, Uncork Capital, Weekend Fund, Y Combinator, Aaron Levie, Adam D'Angelo, Akshay Kothari, Amjad Masad, Arash Ferdowsi, Azeem Azhar, Balaji Srinivasan, Brian Goldsmith, Charlie Cheever, Christina Cacioppo, Claire Hughes Johnson, Dharmesh Shah, Dylan Field, Fidji Simo, Frederic Kerrest, Gokul Rajaram, Guillermo Rauch, Hippolyte Genet, Immad Akhund, Jason Lemkin, Jawed Karim, John Collison, Jonathan Neman, Joshua Reeves, Julia Hartz, Julian Shapiro, Justin Mateen, Kyle Vogt, Larry Summers, Mark Cuban, Mark Gillespie, Matt Macinnis, Max Mullen, Michael Chow, Nik Sharma, Parker Conrad, Scott Belsky, Sean Rad, Siqi Chen, Suhail Doshi, Tobias Lutke, William Hockey, Activant Capital, Horsley Bridge, Transpose Platform
Nov 1, 2023	Amini	$4.0M Seed	Female Founders Fund, Salesforce Ventures	Acadian Ventures, Accel, Andreessen Horowitz, Bedrock Capital, Bling Capital, BoxGroup, Cambrian Ventures, Climate Capital, Connect Ventures, Emergence Capital, Forum Ventures, Highland Capital Partners, Indeed.com, Kearny Jackson, M34 Capital, monashees, Pale Blue Dot, Slack Fund, SNR, Solana Ventures, SV Latam Fund, TY, Ulu Ventures, Abhay Kumar, Eric Nadalin, Garrett Koehn, Gokul Rajaram, Sam Altman, Satgana, Superorganism
Jul 1, 2023	Pylon	$3.0M Seed	General Catalyst	Andreessen Horowitz, ARCH Venture Partners, Bain Capital Ventures, Better Tomorrow Ventures, Blackbird Ventures Australia, Craft Ventures, Daffy, Endure Capital, Fifth Wall, Founders Fund, F-Prime Capital Partners, FTAC Ventures, FTX Ventures, Lainy, Lux Capital, Mubadala, QED Investors, Ravelin Capital, Sarah Smith Fund, The Hit Forge, Village Global, Y Combinator, Arash Ferdowsi, Balaji Srinivasan, Eoghan McCabe, Karim Atiyeh, Scott Belsky, AirAngels, Comma Capital, Horizon, Y Combinator
Jul 1, 2023	Figure	$9.0M Series U	Intel Capital	10T Holdings, Alpha Square Group, DST Global, Evolution VC Partners, Haymaker Ventures, Magma Partners, Morgan Creek Capital Management, MUFG Innovation Partners, Quantum Angels Venture Capital, Ulu Ventures, Anthony Pompliano, Shane Neman, Brett Adcock, Till Reuter
Jun 1, 2023	Shopgenie	$1.0M Seed	—	10T Holdings, Alpha Square Group, Ardent Venture Partners, DST Global, Evolution VC Partners, Expedite Ventures, Haymaker Ventures, Hyper, Intel Capital, Left Lane Capital, Magma Partners, Makers Fund, Morgan Creek Capital Management, MUFG Innovation Partners, Operator Collective, Quantum Angels Venture Capital, Round One Capital, Shaan's All Access Fund, SRB Ventures, Stripe, Trammell Venture Partners, Ulu Ventures, XX, Allen Gannett, Anthony Pompliano, Bjorn Kolbmuller, Jon Hallett, Julian Shapiro, Michael G. Rubin, Odell Beckham Jr., Paul Schwarzenholz, Sam Parr, Shane Neman, Stephen Cole
Jun 1, 2023	Infringements	$4.0M Seed	—	01 Advisors, 186 Ventures, 20VC, Accomplice VC, Adverb Ventures, Andreessen Horowitz, Chloe Sladden, Jana Messerschmidt, Arrive, Bain Capital Ventures, Bam Ventures, Baseline Ventures, B Capital Group, Benchmark, Bessemer Venture Partners, Better Tomorrow Ventures, Blackbird Ventures Australia, Boston Seed Capital, C2 Investment, Daffy, Endure Capital, Fifth Wall, Founder Collective, Founders Fund, General Catalyst, Goat Capital, Impellent Ventures, Menlo Ventures, Moxxie Ventures, New North Ventures, NextGen Venture Partners, NextView Ventures, Operator Collective, Polaris Partners, Predictive VC, QED Investors, Ravelin Capital, SOSV, Techstars, The Hit Forge, Village Global, VitalStage Ventures, Will Ventures, Y Combinator, Aaron Levie, Adrian Aoun, David Cancel, David Chang, Elad Gil, Eric Wu, Jason Robins, Jeff Seibert, Jennifer Lum, Joshua Reeves, Kevin Weil, Merlin Kauffman, Ric Fulop, Scott Belsky, Wayne Chang, Zak Kukoff
May 1, 2023	Plenty	$3.0M Seed	—	Album VC, Alumni Ventures, Andreessen Horowitz, Bain Capital Ventures, Better Tomorrow Ventures, Blackbird Ventures Australia, C2 Investment, Daffy, Endure Capital, Fifth Wall, Founders Fund, General Catalyst, iNovia Capital, Jared Hecht, NFX, Night Capital, Path Ventures, Phenomenal Ventures, QED Investors, Ravelin Capital, SV Angel, The Hit Forge, Thirty Five Ventures, TQ Ventures, Village Global, Y Combinator, Joe Speiser, Kevin Hart, LeBron James, Odell Beckham Jr., Rob May, Sam Parr, Steve Barham, Steve Stoute, Zak Kukoff, Adam Nash, Xtripe Angels
May 1, 2023	Galvanick	$10.0M Seed	—	Afore Capital, Andreessen Horowitz, Austin Walne, Bain Capital Ventures, Battery Ventures, BBG Ventures, Better Tomorrow Ventures, Blackbird Ventures Australia, Blume Ventures, Browder Capital, Coalition Operators, Daffy, Embedded Ventures, Endure Capital, Feenix Ventures, Fifth Wall, Founders Fund, Fractal Growth Partners, General Catalyst, Glade Brook Capital Partners, Ingeborg Investments, Inventus Capital Partners, Lightspeed India Partners, MaC Venture Capital, Merak Ventures, Aaron Jacobson, QED Investors, Ravelin Capital, Revolution, Salesforce Ventures, Sand Hill Angels, Sequoia Capital, Seraphim Space, Techstars, The Hit Forge, Village Global, Y Combinator, Ashish Taneja, Justin Mateen, Ryan Johnson, Zak Kukoff, 8090 Industries, Countdown Capital, Hanover Technology Investment Management, Shrug Capital
May 1, 2023	HiNOTE	$2.0M Seed	—	01 Advisors, 10100, 2048 Ventures, 7percent Ventures, 8VC, AME Cloud Ventures, Andreessen Horowitz, Anorak Ventures, Bain Capital Ventures, Bam Ventures, Better Tomorrow Ventures, Blackbird Ventures Australia, BoxGroup, Breakthrough Energy Ventures, Buckhill Capital, Bullpen Capital, Cleo Capital, Cupule Ventures, Daffy, Kevin Ding, DST Global, Endure Capital, Felicis Ventures, Fifth Wall, First Round Capital, FJ Labs, Forum Ventures, Foundation Capital, Founders Fund, FPV Fund, General Catalyst, Gutter Capital, Hardware Club, JetBlue Technology Ventures, Long Journey Ventures, NKM Capital, Primitive Ventures, QED Investors, Quiet Capital, Ravelin Capital, Saga, Seven Seven Six, Sherpalo Ventures, Sound Ventures, Henry Fertik, Susa Ventures, The Hit Forge, The House Fund, Village Global, Winklevoss Capital, Y Combinator, Bradley Horowitz, Gianni Martire, Joshua Reeves, Lily Sarafan, Marc Benioff, Mikhail Seregine, Rashaun Williams, Russell Cook, Scott Banister, Scott Belsky, Shane Neman, Steve Chen, Zak Kukoff, Dick Costolo, Marissa Mayer, Peter Thiel, Sarah Kunst, Yuri Milner

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at Conversion Capital.

Leadership Team

Key people at Conversion Capital.

Deep Dive

High-Level Overview

Conversion Capital is an early-stage venture capital firm founded in 2015 that focuses on investing in transformative technology companies, particularly in AI, cloud infrastructure, and vertical software sectors. Their mission centers on partnering with founders from day zero, providing long-term support to build category-defining companies. The firm emphasizes backing innovative teams operating in expansive markets, aiming to accelerate growth and impact within the startup ecosystem by leveraging deep domain expertise and operational resources[1][2][4].

Origin Story

Founded in 2015 and based in New York, Conversion Capital was established by Christian Lawless, a former Managing Director at Lehman Brothers and Nomura with extensive experience in sales, trading, and investment. The founding team includes partners with strong backgrounds in technology and venture investing, such as Eugene Marinelli (cofounder and CTO of Blend) and David Talpalar (former venture investor at Citi). The firm evolved with a focus on early-stage investments in AI/ML, cloud, and software, building a reputation for hands-on support and strategic guidance to founders[1][3][4].

Core Differentiators

Unique Investment Model: Early-stage, long-term partnership approach starting from day zero, emphasizing founder collaboration and operational support.
Network Strength: Led by experienced investors and operators with deep connections in AI, fintech, and cloud sectors, including advisors like Eugene Marinelli.
Track Record: Investments in notable companies such as Ramp, Blend (NYSE: BLND), Cognition, Temporal, and others, with active board and advisory roles.
Operating Support: Provides hands-on help with go-to-market strategies, team building, and technology scaling through a fellowship program called Conversion Labs, fostering innovation and community among founders and technologists[1][3].

Role in the Broader Tech Landscape

Conversion Capital rides the wave of rapid advancements in AI, cloud computing, and vertical software, sectors that are reshaping industries globally. The timing is critical as AI/ML technologies become foundational to new business models and cloud infrastructure scales to meet growing demand. By focusing on early-stage companies in these areas, Conversion Capital influences the ecosystem by enabling breakthrough innovations and accelerating the commercialization of cutting-edge technologies. Their fellowship program further cultivates a collaborative environment that nurtures future tech leaders[1][2].

Quick Take & Future Outlook

Looking ahead, Conversion Capital is well-positioned to capitalize on the continued expansion of AI and cloud markets. Trends such as generative AI, automation, and vertical SaaS adoption will likely shape their investment focus. Their deep operational expertise and founder-centric approach suggest they will continue to play a pivotal role in scaling startups into market leaders. The firm's influence is expected to grow as it fosters innovation through its fellowship and expands its portfolio in emerging tech domains[1][3][4].

Sources

Deep Dive

High-Level Overview

Origin Story

Core Differentiators

Unique Investment Model: Early-stage, long-term partnership approach starting from day zero, emphasizing founder collaboration and operational support.
Network Strength: Led by experienced investors and operators with deep connections in AI, fintech, and cloud sectors, including advisors like Eugene Marinelli.
Track Record: Investments in notable companies such as Ramp, Blend (NYSE: BLND), Cognition, Temporal, and others, with active board and advisory roles.
Operating Support: Provides hands-on help with go-to-market strategies, team building, and technology scaling through a fellowship program called Conversion Labs, fostering innovation and community among founders and technologists[1][3].