Transform Capital Management
Impact investorSan Francisco · Seed–Late Stage · 13 people tracked
Also known as TRANSFORM MANAGEMENT COMPANY, LLC
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Investment thesis
Transform Capital invests in deep tech startups that combine strong social and environmental impact with commercial potential. It backs overlooked and underrepresented founders who can articulate and measure their technology's climate and social impact. The firm targets category leaders leveraging deep tech—such as AI, material science, robotics, complex engineering, and biotech—alongside network effects and a 10x advantage over competitors. It partners with mission-aligned impact investors and builds a cross-sector community to identify and support founders. The goal is to use technology and network effects to address local social and environmental challenges, aiming for both outlier impact and outlier financial returns.
Source: firm website, verified Aug 3, 2026.
Team · 13 people
from the firm's website & public directoriesWhat they invest in
from 21 of 40 portfolio companiesAI & Machine Learning ×12SaaS ×7Healthtech ×6Digital Health ×4Enterprise Software ×4Fintech ×4Medical Devices ×4Biotech ×3
HQs:United States×15Canada×2
Who they back
founder profiles across 15 portfolio companiesFounding team size:solo founder×72 founders×33 founders×14+ founders×4
Where their founders studiedfrom 21 founders with education data
Stanford University ×3Massachusetts Institute of Technology ×2Rice University ×2University of Oxford ×2
What their founders studiedfrom 20 founders with field-of-study data
Engineering ×12Computer Science ×7Business & Management ×3Physics ×2
Where their founders worked beforefrom 21 founders with career history
Cisco ×4Microsoft ×3NFX ×3Battery Ventures ×2Carnegie Mellon University ×2Google ×2
8 founders hold a PhD · 5 hold an MBA (of 22 with degree data)
Investments · 40 tracked
founders shown can be your intro pathBy year:2024 · 52023 · 16 dated
Recursion applies computational and data-driven approaches to biological science, aiming to accelerate drug discovery and develop new treatments.
AI & Machine LearningBiotechData & InfrastructureDeep TechMedical DevicesSalt Lake City, US
Chris Gibson(Co-founder and Chairman of the Board)inBlake C. Borgeson(Executive Officer, Director)inDean Y. Yi(Executive Officer, Director)Najat Khan(Chief Executive Officer)inNajat Khan, Ph.D.(CEO and President)inBlake Borgeson(Founder)
Co-investorsDCVC (Data Collective)Lux CapitalBaillie GiffordAdvantage Capital PartnersAir Street CapitalAmplify Partners+22 more
Aixplain provides an enterprise platform for deploying adaptive agentic AI systems that organizations can understand, trust, and fully control.
AI & Machine LearningDeveloper ToolsEnterprise SoftwareSector AgnosticSan Jose, US
Hassan Sawaf(Founder & CEO)in
Co-investorsCalibrate VenturesPi CampusTransform VCWa'ed Ventures
Ample builds a modular battery-swapping technology that delivers a full charge to any electric vehicle in under five minutes using lego-like swappable battery modules, without requiring carmakers to redesign their cars.
CleantechEnergyHardwareMobility & Transportation
Khaled Hassounah(Founder)
Co-investorsCivilization Ventures Management, LlcHemi Ventures, LlcJazzya InvestmentsNew Ground VenturesPrefix CapitalStart Capital+7 more
Bolster is a marketplace and search platform matching startups with full-time, fractional, interim and board-level executives.
Santa Clara, US
Abhishek Dubey(Founder)in
Co-investorsCervinCheyenne VenturesCrosslink CapitalCyber Mentor FundM12 (Microsoft's Venture Fund)Rain Capital+3 more
Bolster provides construction management software for residential construction, focusing on estimation and digital workflows to modernize how projects are bought, sold, and managed.
Construction TechFintechMarketplacesPropTechSaaSCalgary, CA
Mike Bignold(Founder)inAbhishek Dubey(Founder)Shashi Prakash(Founder)
Co-investorsCathexis VenturesFUSESoma CapitalTakeoff CapitalY CombinatorCERVIN VENTURES+13 more
BoostSecurity offers an Application Security Posture Management (ASPM) platform that consolidates SAST, SCA, secrets, and IaC scanning into one engine, connecting at the source-code-management level (GitHub/GitLab) rather than the CI/CD pipeline.
AI & Machine LearningCybersecurityDeveloper Tools
Zaid Al Hamami(Co-founder)inRajiv Sinha(Co-founder)in
Co-investorsGolden VenturesHoxton VenturesAccelia CapitalAmiral VenturesSecurity Leadership CapitalWhite Star Capital
C2FO operates a digital platform that enables businesses to access early payment on invoices and working capital financing.
Enterprise SoftwareFintech
Alexander "Sandy" Kemper(Founder and CEO)inAlexander “Sandy” Kemper(Founder)Sandy Kemper(Founder)
Co-investorsAllianz XSoftBank Vision FundThird Point VenturesUnion Square Ventures (USV)BlackPineCiti Ventures+1 more
Collective Health operates a platform connecting health plans, providers, and clinical partners to deliver transparent and accessible health benefits for employers and health organizations.
Enterprise SoftwareHealthtechInsurTechSaaSSan Francisco, US
Ali Diab(Founder)inRajaie Batniji(Founder)
Co-investorsEnsemble LabsFounders FundG SquaredGreat Oaks Venture CapitalGV (Google Ventures)MSA Novo+7 more
An AI security and trust platform securing live voice and video calls with real-time context analysis, deepfake detection, and social engineering response automation.
San Francisco, US
Aman Ibrahim(Founder)in
Co-investorsEval Ventures FundFoundersResponsibly VenturesRipple VenturesYAR VenturesANIMO Ventures+1 more
Edtech and e-gaming platform for education
Columbia, US
Alex Sabol(Executive Officer)Kerwin Rent(Executive Officer, Director)Robert Kornblum(Director)
BoardMcKeever Conwell(Director)
Co-investorsAmerican Family Insurance Institute for Corporate and Social ImpactMaryland TEDCORareBreed VenturesTEDCO
Farmitix builds an AI assistant ("AI Agronomist") trained on agricultural data such as pests, diseases, soil health, and market prices to give farmers practical answers to farm-specific questions.
AgTechAI & Machine LearningSaaS
iSono Health develops an automated ultrasound system combined with artificial intelligence for breast imaging at the point of care, enabling standardized and accessible imaging across different healthcare settings.
AI & Machine LearningDigital HealthFemTechHealthtechMedical DevicesSan Francisco, US
Shadi Saberi(Founder)inNeda Razavi(CEO & Chairwoman)in
BoardMichael Jin(Director)in
Co-investorsDraper AssociatesFoothill VenturesJosephine CollectivePlexo CapitalY Combinator
Juvena Therapeutics develops biologics derived from human secreted proteins to treat aging-related diseases, using AI-enabled drug discovery to identify tissue-restorative therapeutics for muscle and metabolic disorders.
AI & Machine LearningBiotechLongevityMedical DevicesRedwood City, US
Jeremy O'Connell, PhD(Chief Scientific Officer and Co-Founder)Hanadie Yousef, PhD(Co-Founder, Director and Executive Advisor)Jeremy O'Connell(Director)inDr. Hanadie Yousef(Founder)inJulie Anne Smith(Chief Executive Officer and Director)in
BoardBen Hemani(Director)in
Co-investorsAlumni VenturesBascom VenturesBison VenturesCompoundHarmonix FundHorizons Ventures+5 more
Ossia develops and licenses Cota, an RF-based wireless power technology that delivers targeted energy to devices at a distance without pads or contact-based charging, along with receivers, transmitters, and cloud software.
CleantechDeep TechEnergyHardwareIoTRedmond, US
Hatem Zeine(Founder)in
Co-investorsGlobal BrainIn-Q-TelKDDI Open Innovation Fund
NEXT Life Sciences is developing Plan A, a non-hormonal, long-lasting, and reversible male birth control method intended as an alternative to vasectomy, condoms, and withdrawal.
BiotechDigital HealthHealthtechMedical Devices
L.R. Fox(Founder & Executive Chairman)Dr. Darlene Walley(Chief Executive Officer)
Co-investorsBreak Trail VenturesEverybody VenturesMech VenturesSeaside VenturesHV Capital
Playabl.ai is a platform where users can create, publish, and monetize games that other users can play and share, similar to a social network for game creation.
AI & Machine LearningConsumerGamingSan Francisco, US
Hamza Al-Ali(Founder)inOmar Jarrah(Founder)inSanad Kiswani(Founder)in
Co-investors500 GlobalY CombinatorAB Ventures (Arab Bank)Impact46RTP GlobalStart Equity Ventures
Reach Labs builds software targeting frontier and developing-world markets that larger Silicon Valley firms have not entered.
FintechSaaS
Chris Davlantes(Founder)in
Co-investorsDCVC (Data Collective)
Rembrand provides virtual placement technology for advertisers to integrate non-intrusive, contextually relevant ads into content and media, scaling programmatically across digital channels.
AdTechAI & Machine LearningPalo Alto, US
Omar Tawakol(Founder)inAhmed Saad(Founder)inRishav Jalan(Founder)inSameh Khamis(Founder)inAbdelrahman Mohamed(Founder)Abdelrahman Mohamed(Founder)
Co-investors2.12 AngelsFPVGood FriendsGreycroftNaver D2SFOmega Venture Partners+3 more
Rigor develops a mathematically rigorous methodology for provable, continuous risk mitigation and security, targeting CISO, CIO, and security operations teams at enterprises, MSSPs, federal, and regulated industries.
AI & Machine LearningCybersecurityEnterprise SoftwareFintechSanta Clara, US
Navneet Y(Founder)Raghavan Kollivakkam(Founder)in
Co-investorsPrana Tech VenturesPruVen Capital PartnersUbiquity VenturesVela Partners
SafeRide Health provides non-emergency medical transportation (NEMT) through a technology platform and a nationwide network of transport and rideshare providers, connecting patients — largely Medicare Advantage and Medicaid members — to healthcare appointments.
Digital HealthHealthtechMobility & Transportation
Robbins Schrader(Chief Executive Officer, Co-Founder)Ben Salter(Chief Product Officer, Co-Founder)inWhit Schrader(VP of Ops Transformation, Co-Founder)in
Co-investorsAmplify.LABonfire VenturesFCA Venture PartnersFresenius Medical Care VenturesHatteras Venture PartnersHDS Capital+5 more
Sigmatic offers a platform that consolidates scattered operational and financial data for provider-owned healthcare facilities, such as ambulatory surgery centers (ASCs), to give a real-time view of operations, costs, and margins.
AI & Machine LearningHealthtechSaaSRound Rock, US
Ehab Gabr(Executive Officer, Director)inJohn Laird(Executive Officer, Director)
NFX is a venture capital firm that builds software products for startup founders, several of which are offered for free.
Developer ToolsSaaS
Brian(Co-founder)Sid(Co-founder & CTO)Pete Flint(Founder)inJames Currier(Founder)inGigi Levy-Weiss(Founder)in
Co-investorsBattery VenturesNFXNorthzoneF.A. Muhsen CapitalGelt VCVeronorte+1 more
Tonal manufactures an AI-powered smart home gym system that uses digital weight resistance and personalized coaching to enable strength training at home.
AI & Machine LearningHardwareWellness & Fitness
Co-investors359 CapitalBaukunstDelta-v CapitalDreamers VCFlucas VenturesKindred Ventures+15 more
Waive (WaiveTheWait) provides an Automated Task Manager that integrates with clinics' EMR systems to handle routine administrative tasks such as booking follow-ups and scheduling preventative care appointments.
AI & Machine LearningDigital HealthHealthtechSaaS
Co-investorsArchangel Network of FundsRipple Ventures
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
..\FoundersAtomAvaClaryoColorEmbarkEye Carrot/BinoviFl!pFlowfiniteeFounder ApplicationRasaSymulatValleyVectaraVerilian
Exits · 1
1 IPOsRecursion PharmaceuticalsNASDAQ: RXRX
Portfolio news
latest coverage across their companiesSafeRide Health · trysignalbase.com · Jul 28, 2026
C2Fo · c2fo.com · Jul 2, 2026
Playabl.ai · ycombinator.com · Jun 2, 2026
Boost Security · fintech.global · May 8, 2026
iSono Health · finance.yahoo.com · Jan 14, 2026
Juvena Therapeutics · finsmes.com · Jan 13, 2026
Frequently asked questions
- How many investments has Transform Capital Management made?
- Transform Capital Management has 40 tracked investments, 1 of which have exited, including 2 dated in the last 24 months.
- What stage does Transform Capital Management invest at?
- Transform Capital Management invests at the Seed, Late Stage stages.
- What sectors does Transform Capital Management focus on?
- Transform Capital Management focuses on AI & Machine Learning, Biotech, Climate Tech, Deep Tech, Impact & Social Good, New Materials, Robotics.
- Where is Transform Capital Management located?
- Transform Capital Management is headquartered in San Francisco, US.
- Who does Transform Capital Management co-invest with?
- Transform Capital Management most often shares deals with SoftBank Vision Fund, Alumni Ventures, DCVC (Data Collective), among 110 tracked co-investors.
Media · Podcasts & interviews
from their channelCNBC Arabia interview with Raed Masri - January 2026
TRANSFORM VC
Deeptrust
TRANSFORM VC
iSono - early affordable breast cancer detection
TRANSFORM VC
Vectara RAG as a service
TRANSFORM VC
Symulat
TRANSFORM VC
Plan A by Next Life Sciences
TRANSFORM VC
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