Transformation Capital
Startup rounds since 2014 with a Transformation Capital investor on the board, and the firm's own fund filings.
Raises
44
since 2014
Unannounced
1
no announcement found, of those filed since 2025
Funds
10
fund filings under the firm's name
Rounds
- Alaffia Technology Solutions, Inc.$40M
- Capital Rx, Inc.$231M
- Care.Stat!, Inc.$5.25M
- Capital Rx, Inc.$115M
- CodaMetrix Inc.$37M
- DexCare, Inc.$47.2M
- Assay Depot Inc$5.54M
- Capital Rx, Inc.$106M
- Prism Synthesis, Inc.$500K
- Capital Rx, Inc.$3.48M
- Recover Together, Inc.$60M
- Recover Together, Inc.$200K
- Recover Together, Inc.$27M
- Recover Together, Inc.$11M
- Care.Stat!, Inc.$16.6M
- Care.Stat!, Inc.$20M
- Cleo Labs, Inc.$40M
- Capital Rx, Inc.$32M
- Aktana, Inc.$30M
- Aktana, Inc.$14.6M
- Mode Analytics, Inc.$33M
- PlushCare, Inc.$19.7M
- Vera Whole Health, Inc.$10M
- Assay Depot Inc$7.37M
- Protenus, Inc$13M
- Artiphon, Inc.$1.62M
- Mode Analytics, Inc.$23.6M
- Health Catalyst, Inc.$12.2M
- Aktana, Inc.$21.1M
- Health Catalyst, Inc.$55M
- Vera Whole Health, Inc.$5M
- Recorded Future, Inc.$25M
- Mode Analytics, Inc.$13.2M
- Assay Depot Inc$24.1M
- Vera Whole Health, Inc.$24.1M
- Apixio Inc.$19.3M
- HQC Holdings, Inc.$70M
- Percolate Industries, Inc.$38.1M
- HQC Holdings, Inc.$70M
- Sentrian, Inc.$8.09M
- Apixio Inc.$11.2M
- Apixio Inc.$980K
- Apixio Inc.$2.5M
- Percolate Industries, Inc.$24M
By year
| Year | Raises | Unannounced |
|---|---|---|
| 2026 | 1 | 0 |
| 2025 | 2 | 1 |
| 2024 | 2 | — |
| 2023 | 1 | — |
| 2022 | 3 | — |
| 2021 | 9 | — |
| 2020 | 5 | — |
| 2019 | 5 | — |
| 2018 | 3 | — |
| 2017 | 4 | — |
| 2016 | 2 | — |
| 2015 | 2 | — |
| 2014 | 5 | — |
Raises are checked for an announcement from 2025 on.
Funds
The firm's own fund filings, each at its latest filing.
| Fund | Filed | Size | Raised |
|---|---|---|---|
| Transformation Capital Partners III-CPRX, L.P. | 14 Nov 2025 | Open-ended | — |
| Transformation Capital Co-investment Fund III, L.P. | 6 Oct 2025 | Open-ended | $15.7M |
| Transformation Capital Fund IV (Cayman Feeder), L.P. | 13 Aug 2025 | Open-ended | — |
| Transformation Capital Fund IV, L.P. | 13 Aug 2025 | Open-ended | — |
| Transformation Capital Fund IV-A, L.P. | 13 Aug 2025 | Open-ended | — |
| Transformation Capital Partners I-DV, L.P. | 14 Dec 2023 | Open-ended | — |
| Transformation Capital Partners I-A, L.P. | 18 Feb 2022 | $19.2M | $19.2M |
| Transformation Capital Fund III, L.P. | 26 Jan 2022 | $800M | — |
| Transformation Capital Fund III-A, L.P. | 26 Jan 2022 | $800M | — |
| Transformation Capital Fund II, L.P. | 6 Jan 2021 | $500M | $500M |
Listed because a Transformation Capital fund's filing names a director of each company. A name match is not a verified identity.