Organization · Venture Capital
Transformation Capital
Transformation Capital is a Boston-based growth equity firm specializing in digital health and technology-enabled healthcare services. The firm focuses on investing in commercial-stage companies that are innovating within the healthcare sector.
Overview
What Transformation Capital does
What Transformation Capital is
Transformation Capital is a Boston-based growth equity firm specializing in digital health and technology-enabled healthcare services. The firm focuses on investing in commercial-stage companies that are innovating within the healthcare sector.
How it participates in the startup ecosystem
The current public profile supports funder and publisher capabilities. Each capability below is shown separately so organization identity and role-specific information do not get conflated.
Operational profile
Organization status and context
Organization status describes the entity itself. Funding and program availability appear within the relevant capability profile.
- Operational status
- Active
- Organization type
- Venture Capital
- Founded
- Founded in 2019
- Approximate age
- About 7 years
- Structured capabilities
- Funder · Publisher
- Last reviewed
- April 23, 2026
Official channels
Find Transformation Capital elsewhere
Open the official website or a supported primary organization account.
Capability profile
Transformation Capital as a funder
Investment thesis
Transformation Capital focuses on investing in commercial-stage digital health companies with proven traction, emphasizing innovative solutions that improve healthcare delivery and outcomes.
Focus narrative
The firm invests in digital health companies that aim to enhance healthcare delivery and outcomes. Transformation Capital's strategy includes backing founders who understand the complexities of the healthcare system and are focused on developing new business models and technologies to drive innovation.
Value beyond capital
Transformation Capital adds value to its portfolio companies by leveraging its deep industry expertise and extensive network within the healthcare sector. The firm actively supports its founders and management teams in navigating the complexities of the healthcare landscape, helping them to innovate and scale effectively.
Terms and economics
- Typical check
- $20,000,000–$100,000,000
Focus and fit
- Stages
- Series B · Series B+
- Sectors
- Digital HealthHealthcare
- Regions
- North America
Availability
- Currently deploying
- Yes
Portfolio and track record
- Recorded portfolio count
- 62
- Recorded notable exits
- Natera, Apixio, PlushCare, and DexCare
Portfolio context
Notable portfolio companies include: Sword Health: A virtual physical therapy and AI care management platform. CareRev: A marketplace platform for on-demand provider nurse staffing. Jeenie: A gig-economy marketplace connecting patients and physicians to medical interpreters. Grow Therapy: A platform addressing access to quality mental health care. Rad AI: Provides AI solutions to empower radiologists and improve patient care. Capital Rx: An AI-powered health benefits platform, recently rebranded as 'Judi Health.' Parachute Health: An e-prescribing platform for durable medical equipment.
Capability profile
Transformation Capital as a publisher
Editorial focus
Transformation Capital is a healthcare-focused investment firm dedicated to revolutionizing the healthcare industry. They invest exclusively in digital health and technology-enabled healthcare services, partnering with founders and management teams to develop innovative solutions that improve healthcare delivery.
Audience value
Transformation Capital provides strategic support and capital to growth-stage digital health companies, helping them scale their innovative solutions and improve healthcare outcomes.
Format and cadence
- Content formats
- newsletter
Availability
- Guest pitch state
- Not currently accepting
Audience and focus
- Audience
- Founders · Investors
- Sectors
- HealthcareDigital Health
- Regions
- North AmericaUnited States
Flagship work and coverage
Flagship properties
Transformation Capital publishes the 'Accelerating Impact' newsletter, which features updates and insights on their portfolio companies and the healthcare industry.
Common questions
What to know about Transformation Capital
Upseed classifies Transformation Capital under the Venture Capital organization type. Its current public profile includes funder and publisher capabilities.
Source and update disclosure
Know what this page is based on
Source basis
Public organization and program material, official websites, and structured Upseed records.
Last reviewed
April 23, 2026
Known limits
Capability profiles appear only when a structured public profile also contains decision-useful role evidence. Terms and availability can change.
Upseed is an independent guide. It is not affiliated with or endorsed by the organization described on this page.