
Conversion Venture Capital
216 East 45th Street 6th Floor, New York, NY, 10017, United States
Overview
Conversion Venture Capital (CVC) is focused on control and growth investments in quality mid-market businesses which would benefit from a long term investment perspective. They invest our own capital and, unlike traditional private equity firms, They do not operate as a fund. As a result, They have greater flexibility with regards to structuring and investment time horizons. They have expertise investing in multiple industries and subsectors across a variety of business cycles and through various economic conditions. They strive to be active and value add board members leveraging our experience, ability to assess add-on acquisitions, and network of relationships to build value over time. They rely on the quality of existing management teams to operate our businesses and endeavor to make the senior executives of each portfolio company our partners in success.
- Total investments
- 7
- Lead investments
- 3
- Investments · 12mo
- 0
- Active investors
- 1
Sector focus
- Finance
- Financial Services
- Venture Capital
Investment portfolio
- SmartLabs
Participated · Series C · Jan 2024
SmartLabs provides resourced, enterprise-scale laboratory environments and resourcing solutions, including multifunctional R&D spaces, vivariums, process development and pilot-scale suites, and cGMP capacity under one roof. The company operates facilities on both the East and West Coasts to support companies of all stages and sizes. Its offering is designed to let customers launch, scale, and shift as programs and projects evolve by co-locating R&D infrastructure with manufacturing solutions. That co-location is intended to facilitate collaboration and improve access between R&D and manufacturing players. SmartLabs recently raised capital and plans to use the proceeds to expand operations and broaden its business reach. No revenue or user metrics were provided in the article. SmartLabs provides flexible, tech-enabled lab and office spaces (LaaS) that are customizable for research groups from fewer than 10 to more than 200 people and include multifunctional R&D spaces, vivariums, process development and pilot-scale suites, and cGMP capacity. The company bundles infrastructure, services, and a proprietary operating platform (SmartLabs OS) to let tenant companies launch, scale, and shift programs rapidly without sacrificing IP. In September the company launched SmartLabs OS v4.0, expanding a platform first introduced in 2016. SmartLabs operates four locations in Massachusetts (Kendall Square, East Cambridge, Boston Landing, Seaport) and one location in South San Francisco. The company says member teams can save as much as 45% in the first three years by using its integrated resources and that its centers support dozens of programs across cell and gene therapies and personalized genomic medicine. SmartLabs plans to use new funding to accelerate growth and scale operations to 2 million square feet within five years.
- BEAT THE BOMB
Led · Series B · Oct 2023
Beat The Bomb operates location-based interactive social video game centers where teams of 4–6 play hour-long Paint Bomb or Foam Bomb Missions across multiple immersive rooms designed by an in-house Game Studio. Players don hazmat suits and work through games such as Hack Attack, Sequencer, Crypto Laser, Echo Chamber, and Cyberbot to earn time on a Bomb Clock and attempt to disarm the Bomb; 10% of teams earn Pro League status and access to tournament prize play. Venues are roughly 10,000 sq ft with glass-walled Bomb Rooms overlooking a full-service Bomb Bar and rentable 150-sf Game Bay lounges offering dozens of shorter interactive social games. The company also runs Beat The Bomb Virtual for remote/hybrid team-building and offers STEM workshops in partnership with nonprofits like Girls Who Code and STEM for Her. Beat The Bomb serves a broad customer base including birthday parties, school groups, and corporate offsites for clients such as Amazon, Coca-Cola, Home Depot, Microsoft, Delta, PWC, Capital One, and Citibank. The company has hosted over 500,000 players and plans U.S. expansion beginning with Philadelphia in summer 2024 and additional openings in Charlotte, Denver, Houston, and more.
- Vivvi
Participated · Series B · Feb 2022
Vivvi provides employer-sponsored child care and early education through a vertically integrated platform that includes on-campus programs, in-home care, in-office offerings, virtual tutoring and a hybrid model. The company recently launched Care Cash, a reimbursement benefit that lets employers pay employees’ trusted informal caregivers, and is building a National Back-Up Child Care Network. Vivvi says it serves employers across industries and has added clients including theSkimm, Tend Dental, Avenues, Cerberus, Goodwin Procter and Barasch & McGarry. The company plans to expand nationally and expects to open 30 new schools over the next three years, including a new campus at 620 W 42nd Street in partnership with Silverstein Properties, and has grown its nationwide In-Home program. Vivvi’s expansion comes amid a supply-constrained market the company says has left 75% of Americans living in a child care desert and significant workforce impacts for working mothers. The company announced a $15 million Series B to support this growth and has added senior hires across marketing, finance, people, client success and sales.
- FinQore
Led · Equity · Feb 2020
SaaSWorks is a revenue operations and customer success solution for scaling subscription businesses. The company delivers integrations and data enrichment that provide insights and analyses to help users identify opportunities to improve net revenue retention. Founded in 2019 and based in Boston, MA, SaaSWorks targets scaling SaaS businesses needing operational solutions. Its founders are Jim O’Neill and Vipul Shah; O’Neill was a founding team member at HubSpot and Shah spent over 10 years investing in high-growth companies, including work with Goldman Sachs Private Equity. O’Neill and Shah previously worked together to scale and eventually sell Pyramid Digital Solutions. In June 2020 the company raised $5M in a funding round led by Conversion Venture Capital with participation from unnamed SaaS CEOs, CFOs and executives.
- Convene
Participated · Series C · May 2017
Convene Hospitality Group operates a house of hospitality brands—including Convene, etc.venues, and NeueHouse—offering dedicated meetings, events, and boutique hospitality spaces with design-forward venues, production capabilities, and chef-driven cuisine. Launched in 2009 and headquartered in Manhattan, the company positions itself as the largest provider of dedicated meetings and event venues in the U.S. and UK. Convene emphasizes human-centered service, performance-focused operations, and advanced production and design capabilities. With the new $230 million financing, Convene plans to accelerate global expansion through new development, technology and production investment, and selective acquisitions. The company has slated New York City openings in 2026, including a Convene in the Scholastic Building in SoHo and immersive venues The Aperture and The Mallory.
Team
Shakeel Rangrez
Founding Partner
LinkedIn