Active

Transformation Capital

General contacts

Investor type

VC / PE

Founded

2016

AUM

$2 500 M

Location

Boston, Massachusetts, United States

Investment Ticket

$10-50 m

Investment Stage

Series A Series B Late Stage (Series C+)

Region of investment

North America

Investor profile last updated: 16 September, 2026

Profile

Transformation Capital is a digital health-focused venture capital and growth equity firm based in Boston, Massachusetts, and San Francisco, California. Established in 2016 by Managing Partners Todd Cozzens, Jared Kesselheim, M.D., and Mike Dixon, this firm operates with a dedicated team to transform the healthcare industry. With a strategic network, Transformation Capital provides hands-on company-building support and executive recruiting assistance to its portfolio companies. They stand out by focusing exclusively on commercial-stage companies that leverage technology and AI to improve healthcare delivery and efficiency.

Transformation Capital invests in the digital health sector, with a primary focus on companies that are commercial-stage and show potential for transforming healthcare delivery, cost, and quality. They target investments primarily in North America and boast an impressive assets under management (AUM) of more than $2.5 billion across four funds. Transformation Capital's investment size typically ranges from $10 to $50 million, aligned with their growth stage focus.

The firm’s notable investments include Datavant - patient data exchange, Judi Health - healthcare platform, Sword Health - digital musculoskeletal therapy, Grow Therapy - behavioral health marketplace, SmarterDx - diagnostic intelligence platform, and Parachute Health - digital ordering solutions for healthcare providers. Their portfolio reflects a strong emphasis on supporting the integration of digital solutions to make healthcare more efficient and accessible.

Industry

HealthTech Technology AI Software Digital

Transformation Capital Funds

Name	Type	Industry	Stage	Region	Size	AUM	Launch date
Transformation Capital Fund IV	Private Equity (PE) Venture Capital (VC)	Digital AI HealthTech	Late Stage (Series C+)	North America	$10-50 m	$850 M	September 2026

Contacts

Name

Title

Social Networks

Nick Briguglio Vice President

Vice President

n•••@•••

Todd Cozzens Co-Founder & Managing Partner

Co-Founder & Managing Partner

t•••@•••

Upgrade to see contacts

nSOwJpDsQWMrZA8q nSOwJpDsQWMrZA8q

nSOwJpDsQWMrZA8q

[email protected]

nSOwJpDsQWMrZA8q nSOwJpDsQWMrZA8q

nSOwJpDsQWMrZA8q

[email protected]

nSOwJpDsQWMrZA8q nSOwJpDsQWMrZA8q

nSOwJpDsQWMrZA8q

[email protected]

Investment-team contacts for Transformation Capital — including verified work emails and LinkedIn profiles — are available to Private Equity List subscribers.
Instant access on the web. Plans from $129/month — see pricing.

Contacts sourced from the firm's website and LinkedIn, re-verified on a rolling cycle. Spot a stale contact, or none at all? Report it — we re-run that firm within 48h and get back to you.

FAQs about Transformation Capital

Is Transformation Capital a venture capital or private equity firm?

Transformation Capital is a venture capital and private equity firm. It backs companies at Series A, Series B and Late Stage (Series C+), writing tickets of $10-50 m.

Where is Transformation Capital located?

Transformation Capital is located in Boston, Massachusetts, United States.

When was Transformation Capital founded?

Transformation Capital was founded in 2016.

What sectors and industries does Transformation Capital invest in?

Transformation Capital invests in companies and startups in HealthTech, Technology, AI, Software, Digital.

What is Transformation Capital geographical focus of investments?

Transformation Capital invests in companies and startups in North America.

At what stages of companies and startups does Transformation Capital typically invest in?

Transformation Capital invests in companies and startups at Series A, Series B, Late Stage (Series C+).

What is the usual amount of Transformation Capital investment?

Transformation Capital usually invests $10-50 m on average.

What is the amount of assets of under management (AUM) for Transformation Capital?

Transformation Capital has around $2 500m assets under management.

When was Transformation Capital last fund created?

Transformation Capital last fund was created/launched in 2026-09-15

What are the contacts of Transformation Capital?

Transformation Capital can be reached through its website transformcap.com, its LinkedIn page and its X account. Its general enquiries address is [email protected]. Cold-mailing a general inbox rarely reaches a partner, so Private Equity List also lists the investment-team contacts for Transformation Capital — names, roles, verified work emails and LinkedIn profiles — available on a Pro plan from $129/month (see pricing). Contacts are sourced from the firm's website and LinkedIn and re-verified on a rolling cycle. Spot a stale contact, or none at all? Report it — we re-run that firm within 48h and get back to you.

Can I access Transformation Capital data via API or MCP?

Yes. Every field on this page — profile, funds, investment criteria, portfolio and investment-team contacts — is available programmatically through the Private Equity List REST API and MCP server, so AI assistants such as Claude and ChatGPT can query Transformation Capital directly instead of scraping this page. One subscription covers both the web app and machine access — see API & MCP.

When was the Transformation Capital profile last updated?

Private Equity List re-verifies investor profiles on a rolling cycle, pulling from the firm's own website and LinkedIn rather than a one-off import. This profile was last updated on 16 September, 2026. Something out of date here? Report it — we re-run that firm within 48h and get back to you.