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Transformation Capital

Active VC
Portfolio Active
4
Latest Latent
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

Latent

Clinical AI that automates prior authorization and medication access

CodaMetrix

AI-powered autonomous medical coding for healthcare revenue cycle

Rad AI

Generative AI for radiology reporting and healthcare workflows

SmarterDx

Clinical AI for hospital revenue integrity and quality

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