Transformation Capital

Boston, Massachusetts, United StatesFounded 2016

Transformation Capital is a growth equity firm focused solely on digital health and healthcare IT companies. Headquartered in Boston and founded in 2016, the firm closed its third fund at $800 million in 2022.

65% of their portfolio is in Healthcare. Average disclosed round size is $81.6M (across 64 rounds with reported amounts).

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Portfolio

Fund Size

$800M

Top Stage

Series B

Last 12 Mo

Team

Akanksha Mehta

Akhi Samant

Amy Slizofski

Ashley Kurpinsky

Bhooshi de Silva

Briana Blake

Christine Murphy

Jenna Ciotti

Jessica Pellegrini

Julie Murchinson

Karen Saldana

Kevin Brown

Portfolio Breakdown

Stage Distribution

Sector Distribution

Investment Activity

DealsAvg Round Size

Portfolio

71 investments

Company	Round	Amount	Valuation	Date	Role
Solstice	Series A	$21M	—	May 2026
Latent Health	Series A	$80M	—	Apr 2026	co-lead
Latent Health	Series A	—	—	Mar 2026	lead
Qualified Health	Series A	—	—	Mar 2026
Grow Therapy	Series D	$150M	—	Mar 2026	participant
Alaffia Health	Series B	$55M	—	Feb 2026	lead
Alaffia	Series B	$55M	—	Feb 2026	lead
GGrow Care, Inc.	Series D	$150M	—	Jan 2026
Grow Therapy	Series D	$150M	—	Jan 2026
Capital Rx	Series F	$400M	—	Sep 2025
Ketryx	Series B	$39M	—	Sep 2025	lead
Citizen Health	Series A	$30M	—	Aug 2025	participant
Citizen Health	Series A	$30M	—	Aug 2025
Arbital Health	Series B	$31M	—	Jul 2025	participant
Certify	Series B	$40M	—	Jun 2025
Local Infusion	Series B	—	—	Jun 2025	lead
Rad AI	Series C	$8M	—	May 2025
Solstice	Seed	$3.5M	—	Feb 2025
Rad AI	Series C	$60M	$525M	Jan 2025	lead
Capital Rx (Judi Health)	Series F	$252M	—	Jan 2025
Citizen Health	Series A	$30M	—	Jan 2025
TMRW	Series D	$28M	—	Jul 2024	participant
SmarterDX	Series B	$50M	—	May 2024	lead
Grow Therapy	Series C	$88M	—	Apr 2024	participant
Arbital Health	Series A	$10M	—	Jan 2024	lead