Conviction
SelectiveFiled to raiseSan Francisco, CATelecomLast fund filed 2026
2 on a current fund
last 24 months
across filed funds
| Vehicle | Filed | Target | Sold to date | Investors |
|---|---|---|---|---|
| Conviction Partners Fund IIIFiled to raise in 2026, with no closing reported yet. | 2026 | Indefinite | $0 | 0 |
| Conviction Partners Expansion IIFiled to raise in 2026, with no closing reported yet. | 2026 | Indefinite | $0 | 0 |
| CBT1Filed to raise in 2026, with no closing reported yet. | 2026 | Indefinite | $0 | 0 |
| Conviction Partners Select IFiled to raise in 2026, with no closing reported yet. | 2026 | Indefinite | $0 |
Amounts are Item 13 as filed: the target is the whole offering, and the amount sold is cumulative across amendments rather than a final close. The filing carries no per-investor amount, so a firm’s own cheque is not recoverable here.
2 partners are named across this firm’s filings, 2 of them on a fund it is deploying now.
| Partner | Activity | Categories | Board seats | Last 24mo |
|---|---|---|---|---|
| Sarah Guo | Selective | AI & machine learning, Developer tools & infrastructure | 7 |
Classified sectors of Conviction’s own portfolio companies, based on 6 with a verified or cited source.
| Firm | Shared boards | Companies |
|---|---|---|
| 8VC | 1 | sp0n |
| Formation8 Partners | 1 | sp0n |
| Goodwater | 1 | sp0n |
| Greycroft | 1 | sp0n |
| 0 |
| Conviction Partners Expansion I | March 2025 | $150M | $149M | 33 |
| Conviction Partners Fund IIFiled to raise in 2024, with no closing reported yet. | 2024 | $230M | $0 | 0 |
| Conviction Partners Fund I | September 2022 | $105M | $101M | 70 |
| 2 |
| Mike Vernal | Slowing | Consumer apps & internet, Developer tools & infrastructure, Media & creator tools | 4 | 1 |
Activity is filed board seats in the last 24 months: 4+ Active, 2–3 Selective, 1 Slowing, none Quiet. A firm's tier totals its partners, so an active firm may be four partners with one seat each. It undercounts partners who invest without taking a board seat, and filings lag a closing by weeks, so Quiet means the paperwork is quiet, not the person.
Not a filing value: this is Lev’s own classification of each company, one company one vote regardless of how many of Conviction’s partners are named on its board, shown only when we found a specific, checkable source. Companies with no source read as unclassified and are left out of the shares above.
| Kleiner Perkins | 1 | Baseten Labs |
| Kodiak | 1 | sp0n |
| Premise Ventures | 1 | Cleo Labs |
| Spark Capital | 1 | Baseten Labs |
A shared board seat: a company where filings name a Conviction partner and a partner at the other firm, both with a clean identity match. Not a claim either firm led or co-led the round, only that both are named on the same board.