Conversion Capital Activity

Every public signal F4 has attached to this firm, with sources and cross-entity links.

Investment

Conversion Capital led Vesta's $30M Series B round in October 2026.

Vesta

Vesta Conversion Capital

theventurecodex.comOCT 2026

OCT 2026

3 milestones

· FEB 2026 – JUN 2026

Milestone

Ramp raised $750M at a $44B valuation, extending its position as a major fintech software platform.

Ramp

RampConversion Capital

techcrunch.comJUN 4, 2026

JUN 4, 2026

Milestone

Portfolio company Cognition raised a $1B Series D round in May 2026, with Conversion Capital participating.

Cognition

Cognition Conversion Capital

theventurecodex.comMAY 2026

MAY 2026

Milestone

Temporal announced a $300M Series D at a $5B valuation.

Temporal

Temporal Conversion Capital

temporal.ioFEB 17, 2026

FEB 17, 2026

Exit

Portfolio company Groq being acquired by NVIDIA for approximately $20 billion.

Groq

Groq Conversion Capital

cnbc.comDEC 24, 2025

DEC 24, 2025

Exit

Portfolio company Immuta had an exit on December 15, 2025.

Immuta

Immuta Conversion Capital

pitchbook.comDEC 15, 2025

DEC 15, 2025

3 milestones· AUG 2025 – SEP 2025

Milestone

Portfolio company Turnout raised $21M to automate disability and tax claims.

Turnout

Turnout Conversion Capital

axios.comSEP 17, 2025

SEP 17, 2025

Milestone

Figure completed its IPO in 2025 after being a Series A portfolio company.

Figure Technology Solutions

Figure Technology Solutions Conversion Capital

conversioncapital.comSEP 11, 2025

SEP 11, 2025

Milestone

Portfolio company Figure Technology Solutions filed confidentially for a US IPO.

Figure Technology Solutions

Figure Technology Solutions Conversion Capital

bloomberg.comAUG 4, 2025

AUG 4, 2025

Essay

Published a thesis essay on U.S. industrial reshoring and retooling.

The Arsenal of Democracy: Made in the USA

Conversion Capital

conversioncapital.comAPR 19, 2025

APR 19, 2025

Investment

Announced an investment in Cargado's Series A.

Cargado

CargadoConversion Capital

conversioncapital.comAPR 7, 2025

APR 7, 2025

Essay

Published a thesis essay on agentic systems and autonomous finance.

The Future of Finance Is Autonomous

Conversion Capital

conversioncapital.comAPR 6, 2025

APR 6, 2025

Milestone

Portfolio company Actively AI raised $22.5M to offer sales superintelligence.

Actively

Actively Conversion Capital

techcrunch.comAPR 2, 2025

APR 2, 2025

Investment

Announced an investment in Pylon, a mortgage infrastructure platform.

Pylon

Pylon Conversion Capital

conversioncapital.comDEC 5, 2022

DEC 5, 2022

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