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Transformation Capital

Active VC
Portfolio Active
4
Latest CodaMetrix
Deal flow
$230M
4 rounds
Unicorns
0
≥ $1B valuation
Founded
—
Latest
Mar 2026
Latent

About Transformation Capital

Venture capital firm tracking 4 AI investments, with focus on AI Healthcare and United States startups. Total tracked deal flow: $230M.

Investment activity

2024–2026
$40M
$110M
$80M
1
'24
2
'25
1
'26

Sector focus

🏥 AI Healthcare 4
🩺 AI Medical 3
🤖 AI Agents 1

Geographic focus

United States 4

Portfolio

4

CodaMetrix

AI-powered autonomous medical coding for healthcare revenue cycle

Latent

Clinical AI that automates prior authorization and medication access

SmarterDx

Clinical AI for hospital revenue integrity and quality

Rad AI

Generative AI for radiology reporting and healthcare workflows

Co-investors

8

Cone Health

1 shared

OCV Partners

1 shared

Kickstart Fund

1 shared

UP2398

1 shared

McKesson Ventures

1 shared

Conviction

1 shared

Flare Capital Partners

1 shared

Frist Cressey Ventures

1 shared

Recent rounds

4
Mar 30, 2026 Series A $80M Lead Latent
Mar 20, 2025 Series B $50M Lead SmarterDx
Jan 30, 2025 Series C $60M Lead Rad AI
Mar 12, 2024 Series B $40M Lead CodaMetrix