VC firm

Conversion Capital

Kingmaker Tier

Kingmaker Tier: 96 out of 100

Also known as Conversion Capital Fund II, LP, Conversion Capital Fund III, LP, Conversion Capital Fund, LP, Conversion VC, Conversion Ventures LLC

Investor type: VC
Investing status: Activeas of 2026-09-18Source (opens in a new tab)
Headquarters: FULTON, MD, United States
Assets under management: $270MForm ADV private fund GAV, as of 2026-03-30Source (opens in a new tab)
Latest fund size: $120MSEC amount sold, as of 2021-03-31Source (opens in a new tab)
Funds: 4
Legal name: Conversion Capital LLC

Record updated 29 September 2026

About

Conversion is a leading early-stage venture capital firm partnering with ambitious founders building generational companies.

Thesis: Since 2015 we’ve been investing in and guiding leaders in the areas of software, AI/ML, and cloud technology.Source (opens in a new tab)
Leads rounds: Yes
Lead policy: He has led investments in companies including Ramp, BLND, Cognition, Temporal, and FIGR.
Takes board seats: Yes
Board policy: He currently serves on the boards of Vesta, Pylon, Raylu, and Booster Fuels.
Investing status notes: Early-stage, long-term investors in AI, cloud infrastructure, and software companies

Conversion Capital Fund III, LP: $120MVintage 2021, Main fund, SEC amount sold
Conversion Capital Fund II, LP: $20MVintage 2017, Main fund, SEC amount sold
Conversion Capital Fund, LP: $8.3MVintage 2013, Main fund, SEC amount sold
CONVERSION CAPITAL FUEL, LLC: Main fund

Fellowship: Brilliant Minds Building Breakthrough Technology (opens in a new tab)
Newsletter: Conversion's Substack (opens in a new tab)

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