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Transformation Capital

Investor profile

Government / public

Transformation Capital has backed 3 European tech companies across 4 funding rounds between 2021 and 2025, joining rounds totalling €221M. Most active in Healthtech and Hardware. Data as of Nov 2026.

Also recorded as: Transformation Fund

Deals
4
distinct rounds
Companies
3
backed
Active span
2021–2025
5 yrs
Total round €
€221M
sum of rounds joined

Deals by year

distinct rounds / year
Transformation Capital — deals by year — interactive chart.
Data table
Transformation Capital — deals by year
20212
20221
20251

Top sectors

by deals
Transformation Capital — top sectors — interactive chart.
Data table
Transformation Capital — top sectors
Healthtech2
Hardware1
Software1

Stages

by deals
Transformation Capital — stages — interactive chart.
Data table
Transformation Capital — stages
Series B3
Series D+1

Countries

by deals
Transformation Capital — countries — interactive chart.
Data table
Transformation Capital — countries
Portugal2
Austria1
Belgium1

Co-investment network

shared rounds
Co-investment network — interactive chart.
Transformation Capital — 4 dealsTransformation Capital53 Stations — 1 shared deals · click to open53 StationsADQ — 1 shared deals · click to openADQBond — 1 shared deals · click to openBondFounders Fund — 1 shared deals · click to openFounders FundGeneral Catalyst — 1 shared deals · click to openGeneral CatalystGreen Innovations — 1 shared deals · click to openGreen InnovationsInvestlink — 1 shared deals · click to openInvestlinkKhosla Ventures — 1 shared deals · click to openKhosla VenturesLightspeed Venture Partners — 1 shared deals · click to openLightspeed Venture PartnersLocalGlobe — 1 shared deals · click to openLocalGlobeMIT’s E14 Fund — 1 shared deals · click to openMIT’s E14 FundSapphire Ventures — 1 shared deals · click to openSapphire VenturesSozo Ventures — 1 shared deals · click to openSozo VenturesUbiquity Ventures — 1 shared deals · click to openUbiquity VenturesVic Swerts — 1 shared deals · click to openVic SwertsWilloughby Capital — 1 shared deals · click to openWilloughby Capital

Hover a node for shared-deal counts; click a co-investor to open its profile.

Best viewed on a larger screen.

Frequent co-investors

shared rounds

Portfolio

top 30 by total round €
CompanyCountryRoundsTotal €
Sword HealthPortugal2€165M
KetryxAustria1€33M
RombitBelgium1€22M

Biggest deals

top 10 by amount
CompanyStageAmountDate
Sword HealthSeries D+€145M2021-11
KetryxSeries B€33M2025-09
RombitSeries B€22M2022-02
Sword HealthSeries B€21M2021-02
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