Conversion Capital
902 Broadway Suite 1611, New York, NY, 10010, United States
Overview
Conversion Capital is an early-stage venture capital firm that seeks to partner with top entrepreneurs leveraging emerging technology to tackle the toughest problems in the global economy. Conversion Capital was founded in 2012 and is based in New York.
- Total investments
- 24
- Lead investments
- 2
- Investments · 12mo
- 2
- Active investors
- 3
Sector focus
- Financial Services
- Information Technology
Investment portfolio
- Cognition
Participated · Series D · May 2026
Cognition develops Devin, an autonomous AI software engineer designed to write and maintain code. The company acquired the remaining parts of Windsurf last year and positions itself against other model makers in the coding space. Cognition counts enterprise customers including Mercedes-Benz, NASA, Goldman Sachs and Santander. It reported a $492 million annualized revenue run-rate and said enterprise usage of Devin grew roughly 50% month-over-month for six months. The company has demonstrated rapid commercial adoption, which it cited alongside its latest financing.
- Turnout
Participated · Seed · Sep 2025
Turnout operates a hybrid advocacy platform centered on an AI orchestrator called Jake together with licensed human advocates to assist clients through government, insurance, healthcare, and education bureaucracies. The company reports growing its client base fivefold since its September 2025 seed round and has logged over ten million minutes of AI and human-led advocacy. Turnout has been active in assisting people with Social Security disability and Veterans benefits and plans to expand into healthcare and education verticals. The $35 million Series A, at a $400 million valuation, is intended to accelerate development of Jake and scale the nationwide human advocate workforce. Turnout framed its service as providing one-on-one, human-led advocacy accelerated by AI and aims to make advocacy broadly accessible. The company announced the Series A and accompanying plans in a June 11, 2026 press release from San Diego.
- Pylon
Led · Seed · Dec 2022
Pylon is an API-first, embedded mortgage infrastructure platform that lets FinTechs, PropTechs, banks, and retail brands originate, underwrite, process, fund, and close loans within their products. The company has built a unified stack spanning software, compliance, and capital markets with capabilities including end-to-end white labeling, flexible APIs and integrations, table funding and capital markets access, built-in underwriting logic, and regulatory lending support. Pylon is currently undergoing a significant product build and is deploying among early customers via a private beta and enterprise design partners. The seed funding will accelerate product development and recruitment as the company aims to enable customers to launch mortgage offerings in weeks rather than years. The team includes founders Trent Hedge and Marco Monteiro and employees from Stripe, Better, Databricks, Instabase, and others.
- Haven
Participated · Series A · Nov 2022
Haven offers a customizable, white‑label platform integrated with subservicers that helps mortgage servicers engage, educate, and enroll homeowners into additional products and services. Its technology gives servicers a direct marketing channel to advise homeowners on insurance, HELOCs, solar upgrades and other offers while creating new revenue streams. The company reports 800,000+ homeowners live on its platform, cross-sell partners across four verticals, and integrations with six of the top 50 U.S. servicers. Haven was founded in 2020 by Nipun Kant, Jonathan Chao and Aditya Acharya, drawing on experience from Credit Karma, Plaid, Opendoor, and Optimal Blue. With mortgage origination volumes down, Haven is focused on accelerating product development and hiring to expand adoption among servicers and homeowners.
- Payable
Participated · Seed · Oct 2022
Payable builds infrastructure that lets finance and product teams manage money movement from a single interface instead of juggling spreadsheets, EBICs bank files, and manual reconciliation. Its platform offers both an API and a browser dashboard that integrate directly with corporate bank accounts, automatically matching payment data and streamlining outbound transfers. The company was founded by former Checkout colleagues Daniel Yubi and Raz Musca, who experienced these operational pain points firsthand. Drawing talent from Checkout, TrueLayer, 11:FS, Stripe and Curve, Payable positions itself at the intersection of payments, banking, and finance operations. With a newly raised €6 million seed round, the team plans to launch its product publicly, add new UK bank integrations, and expand coverage across additional European markets. The seed funding also provides the firm’s first publicly disclosed capital, underscoring investor confidence in its mission to modernize payment reconciliation for the internet economy.