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Transformation Capital portfolio

Transformation Capital has 3 portfolio companies on record at Recent Funding, with 2 investments in the last 12 months. It led 1 of the 4 rounds it joined. Its most recent investment on record is Qualified Health's $125M Series B+ round in March 2026, alongside Town Hall Ventures, SignalFire, NEA and 6 others. By category, its portfolio leans toward Health and bio (3) and Insurance (2). It has co-invested with SignalFire, TCV and Sequoia, most often SignalFire (4 rounds).

What Transformation Capital invests in

• Health and bio · 3 · 100%
• Insurance · 2 · 67%
• Legal and compliance · 1 · 33%

Transformation Capital recent investments

Company	Round	Date	Alongside
QQualified Health	Series B+ · $125M	Mar 25, 2026	Town Hall Ventures, SignalFire, NEA (lead) +6
GGrow Therapy	Series B+ · $150M	Mar 3, 2026	TCV (lead), SignalFire, Sequoia +3
GGrow Therapy	Series B+ · $88M	Apr 8, 2024	TCV, SignalFire, Sequoia (lead) +6
GGrow Therapy	Series B+ · $75M · lead	Sep 29, 2022	TCV (lead), SignalFire, First Citizens Innovation Banking

How Transformation Capital invests

Share is of the 4 rounds on Recent Funding that name Transformation Capital. Rounds with no announced date are left out of the year split, and "round" is a round whose stage is not on file.

Transformation Capital portfolio companies

• QQualified Health$125MSeries B+ · Mar 2026
• GGrow Therapy$150MSeries B+ · Mar 2026
• AAlaffia Healthbacker

Company	Round with Transformation Capital	Total raised	Latest raise
QQualified Health Health and bio	Mar 25, 2026 Series B+ · $125M	$155M	Mar 25, 2026 Series B+
GGrow Therapy Insurance	Mar 3, 2026 Series B+ · $150M	$328M	Mar 3, 2026 Series B+
AAlaffia Health Legal and compliance	backer	$65M	Feb 3, 2026 Series B+

Most frequent co-investors

• SSignalFire4 shared rounds · last Mar 25, 2026
• TTCV3 shared rounds · last Mar 3, 2026
• SSequoia2 shared rounds · last Mar 3, 2026
• GGoldman Sachs Growth Equity2 shared rounds · last Mar 3, 2026
• NNEA1 shared round · last Mar 25, 2026
• GGreatPoint Ventures1 shared round · last Mar 25, 2026
• CCathay Innovation1 shared round · last Mar 25, 2026
• FFlare Capital Partners1 shared round · last Mar 25, 2026
• TTown Hall Ventures1 shared round · last Mar 25, 2026
• HHealthier Capital1 shared round · last Mar 25, 2026
• IIntermountain Ventures1 shared round · last Mar 25, 2026
• FFrist Cressey Ventures1 shared round · last Mar 25, 2026

Similar investors

• PPositive Sum3 companies · 4 deals in 12 mo
• FFrazier Life Sciences3 companies · 2 deals in 12 mo
• GGoHub Ventures3 companies · 2 deals in 12 mo
• KKadmos Capital3 companies · 2 deals in 12 mo
• KKerna Ventures3 companies · 2 deals in 12 mo
• KKorea Credit Guarantee Fund3 companies · 2 deals in 12 mo

Investors whose portfolios on Recent Funding center on the same category (Health and bio).

Portfolio companies are the companies on Recent Funding with a round that lists Transformation Capital, which is a subset of its real portfolio. API: /api/v1/investors/transformation-capital (get a free API key). More: the most active VC firms and new venture capital funds.