Troy Bannister

Venture Partner, Conversion Capital
Troy Bannister leverages 15 years of clinical experience to build Plaid-like, developer-friendly health record access, grounded in FHIR/TEFCA expertise, practical solutions, and responsible hospital AI adoption.
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Troy Bannister
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About Troy Bannister

Troy Bannister spent about 15 years in healthcare as an EMT, medical student, and clinical researcher before starting Particle, giving him firsthand knowledge of how messy medical data access really is, and he used that experience to build a developer-friendly way to share health records, similar to how Plaid or Stripe work for other industries. He knows the technical and regulatory details behind healthcare data standards like FHIR and TEFCA, prefers practical solutions over trendy technology, believes the real value in healthcare data will come from the analysis built on top of it rather than access alone, and now also helps hospitals responsibly evaluate and adopt new AI tools.

About their Fund

Conversion Capital

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AI, Fintech, SaaS, Enterprise, Defense
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Conversion Capital was built by Christian Lawless, a former capital-markets leader at Lehman Brothers and Barclays, around the idea that financial services infrastructure would move to the cloud and get unbundled, with a focus on mortgage-related companies like Blend, Qualia, Figure, Polly, Vesta, Haven, and Pylon, and a preference for backing outsider engineering teams rather than industry insiders. The firm avoids companies that take on balance sheet risk, invests mainly in the U.S. and London rather than markets like LatAm or most of Europe, and says it intentionally held back capital during the 2021 bull market so it could deploy during the following downturn.

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