Investor profile

Transformation Capital logo

Transformation Capital

VC

USHealthtechAI/MLB2B SaaS

See how your deck fits this investor's thesis, stage, and ticket size.

Analyse your fit

Investment thesis

Transformation Capital is a growth equity firm exclusively focused on digital healthcare innovation. The firm partners with commercial-stage companies that are transforming the healthcare system by making care simpler, more affordable, and easier for both caregivers and consumers. They provide not just capital, but proven operational experience and access to a network of healthcare leaders who can help scale innovations. The firm focuses on entrepreneurs who understand the current healthcare system and see a better way forward, supporting them through the complexities of navigating healthcare's heavily regulated environment, confounding reimbursement system, and systemic fragmentation. Their strategy centers on finding founders and management teams building a new digital healthcare age through new business models, enabling technology, and more efficient services.

Notable quotes

Today the majority of our country is priced out of mental health care, and the majority of therapists work in settings where they are undervalued and under-supported. We started Grow to overhaul behavioral health through modern end-to-end practice infrastructure and partnered with Transformation – a leader in the industry – to scale our impact to all stakeholders.

Jake Cooper · Transformation Capital website - Philosophy page

As one of health systems' costliest and most time-consuming administrative processes, medical coding is the most manual, chronically understaffed, and inherently error-prone part of the revenue cycle. It is prime for game-changing automation that allows providers to get back to delivering care and spare health system frustration with an historically time-intensive and archaic process. Our AI platform delivers autonomous coding solutions that change claims data from notoriously unreliable to clinically valuable without the pain. Codametrix provides a comprehensive solution that offers transformative automation while setting the standard for coding quality for providers and patients. Transformation Capital understands the potential and has the expertise to help us make meaningful advances toward changing healthcare with AI.

Hamid Tabatabaie · Transformation Capital website - Philosophy page

Team

Todd Cozzens

Co-Founding Managing Partner

Healthtech

Jared Kesselheim

Co-Founding Managing Partner

Healthtech

Vinay Shah

Partner

HealthtechAI/ML

Scott Rosen

Partner

Healthtech

Mike Dixon

Partner

Healthtech

Jenna Ciotti

Partner

Healthtech

Recent investments

CompanyRoundSizeDate
Solstice HealthSeries A$9m2026-05-28
Qualified HealthSeries B$45m2026-03-25
LatentSeries A$56m2026-03-19
Grow TherapySeries D$150m2026-03-03
Alaffia HealthSeries B$55m2026-02-03
Judi Health (Capital Rx)Series F$400m2025-09-01
KetryxSeries B$39m2025-09-01
Sword Healthunknown
Datavantunknown
SmarterDxunknown

Frequent co-investors

VC firmDeals together
General Catalyst3
TCV2
Khosla Ventures2
FirstMark Capital2
Spark Capital1
New Enterprise Associates1

Fit check

Is Transformation Capital a match for your startup?

Upload your deck and get an instant AI-powered fit analysis — see exactly how your startup aligns with this investor's thesis, stage focus, and ticket size.

Analyse your fit