
Investments
44Portfolio Exits
5Funds
5About Transformation Capital
Transformation Capital is a growth equity fund that is 100% focused on healthcare IT and services companies. The firm was founded in 2019 and is based in Boston, Massachusetts.

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Latest Transformation Capital News
May 10, 2023
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Transformation Capital Investments
44 Investments
Transformation Capital has made 44 investments. Their latest investment was in LightForce Orthodontics as part of their Series D on August 8, 2023.

Transformation Capital Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
8/2/2023 | Series D | LightForce Orthodontics | $80M | Yes | 4 | |
6/21/2023 | Series C | DexCare | $75M | No | 11 | |
5/11/2023 | Series D | Amino | Yes | 5 | ||
4/18/2023 | Series A - II | |||||
3/23/2023 | Series B |
Date | 8/2/2023 | 6/21/2023 | 5/11/2023 | 4/18/2023 | 3/23/2023 |
---|---|---|---|---|---|
Round | Series D | Series C | Series D | Series A - II | Series B |
Company | LightForce Orthodontics | DexCare | Amino | ||
Amount | $80M | $75M | |||
New? | Yes | No | Yes | ||
Co-Investors | |||||
Sources | 4 | 11 | 5 |
Transformation Capital Portfolio Exits
5 Portfolio Exits
Transformation Capital has 5 portfolio exits. Their latest portfolio exit was PatientPop on November 02, 2021.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
11/2/2021 | Merger | 6 | |||
Date | 11/2/2021 | ||||
---|---|---|---|---|---|
Exit | Merger | ||||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 6 |
Transformation Capital Fund History
5 Fund Histories
Transformation Capital has 5 funds, including Transformation Capital Fund III.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
4/18/2022 | Transformation Capital Fund III | $800M | 1 | ||
1/7/2021 | Transformation Capital Fund II | ||||
9/28/2017 | Leerink Transformation Partners I | ||||
9/28/2017 | Leerink Transformation Fund I LP | ||||
9/28/2017 | Massachusetts Innovation Catalyst Fund I LP |
Closing Date | 4/18/2022 | 1/7/2021 | 9/28/2017 | 9/28/2017 | 9/28/2017 |
---|---|---|---|---|---|
Fund | Transformation Capital Fund III | Transformation Capital Fund II | Leerink Transformation Partners I | Leerink Transformation Fund I LP | Massachusetts Innovation Catalyst Fund I LP |
Fund Type | |||||
Status | |||||
Amount | $800M | ||||
Sources | 1 |
Transformation Capital Team
4 Team Members
Transformation Capital has 4 team members, including current Founder, Managing Partner, Todd C. Cozzens.
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