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    Transformative Investments

    Backing founders building the future.

    We back founders through venture funds and SPVs, pairing conviction in individual companies with hands-on support across product, customers, hiring, and future financing.

    Portfolio milestones

    Raised by portfolio companies after our initial investments, across Funds I and II.
    $1B+
    Fund I companies at $1M+ revenue or ARR.
    45
    Fund I companies at $10M+ revenue or ARR.
    18

    Benchmarks circa Sep 2026

    Selected companies by fund

    Selected companies

    Fund II

    30 companies backed

    AI, enterprise software, and industry-specific businesses.

    AI / Materials science

    CuspAI

    Fund + SPV

    Using AI to discover materials for semiconductors, energy, and other industrial applications.

    $450M

    Series B financing

    July 2026

    Enterprise / Knowledge

    Guidde

    Fund + SPV

    Turning employee workflows into video guides and structured knowledge that helps people and AI agents use enterprise software.

    3×

    Annual revenue growth for three consecutive years

    February 2026

    Workforce / Commerce

    Jolly

    Helping employers reward frontline teams through incentives and everyday purchasing benefits.

    Nearly 200,000

    Frontline workers served

    September 2026

    Commerce / Logistics

    Portless

    Helping brands fulfill orders directly from Asia to customers around the world, without building a local warehouse network.

    Millions

    Orders shipped annually

    July 2026

    Commerce / Checkout

    PrettyDamnQuick

    Helping commerce brands personalize checkout and delivery to improve conversion and profitability.

    1B+

    Checkouts served

    AI / Investment diligence

    Keye

    Turning deal documents and financial data into structured analysis for private equity investment teams.

    1M+

    Analyses and insights created monthly

    Selected companies

    Fund I

    74 companies backed

    Software, commerce, consumer brands, and frontier technology.

    Frontier / Quantum computing

    Atom Computing

    Fund + SPV

    Building neutral-atom quantum computers to tackle problems beyond the reach of conventional computing.

    $100M

    Series C led by Third Point

    June 2026

    AI / Training data

    Wirestock

    Connecting creators with AI labs to produce human-made images, video, and other training data for frontier models.

    $40M+

    Annual revenue run rate

    May 2026

    Consumer / Home

    Caraway

    Building a modern home brand around thoughtfully designed cookware, kitchen essentials, and everyday household products.

    2.5M+

    Customers served

    September 2026

    Commerce / AI

    Triple Whale

    Fund + SPV

    Giving commerce brands a connected view of their business and AI tools to turn that data into decisions.

    $100B

    GMV tracked across the platform

    Commerce / Packing intelligence

    Paccurate

    Helping brands and fulfillment teams make better packing decisions to reduce shipping costs, material use, and waste.

    1B+

    Packs processed across shipments, simulations, and quotes

    September 2025

    Healthcare / AI

    Nym

    Automating medical coding so health systems can turn clinical documentation into billing codes, with a clear audit trail.

    400+

    Healthcare facilities served

    September 2026

    Healthcare / AI

    AEYE Health

    Bringing autonomous diabetic eye screening into primary care, using AI to identify disease without specialist interpretation.

    1,200+

    Patients across three clinical validation studies

    September 2026

    Enterprise / AI

    Rocketlane

    Bringing AI into client onboarding, project delivery, and the day-to-day work of professional services teams.

    750+

    Customers, including 20 Forbes Cloud 100 companies

    July 2026

    Enterprise / AI video

    Capsule

    Helping enterprise teams turn repeatable video workflows into brand-approved content, created with AI.

    13

    Enterprise customer wins in 90 days

    July 2026

    Location intelligence

    Placer.ai

    Helping retailers, real estate owners, and cities understand how people move through the physical world.

    4,000+

    Customers

    Real estate / Everyday services

    TULU

    Turning residential buildings into on-demand service platforms, giving residents access to everyday essentials without owning them.

    500+

    Residential and student housing locations

    June 2026

    Education / Career development

    Podium Education

    Bringing credit-bearing industry experience into college degrees, connecting students with real projects and employers.

    100+

    College and university partners

    These are selected portfolio companies and do not represent all investments. Past results are not indicative of future performance.

    Selected companies

    SPV Investments

    Alongside our venture funds, we bring investors together around individual companies we believe in.

    • CuspAI

      AI for discovering the materials industries need next.

    • Atom Computing

      Quantum computers built for problems conventional computing cannot solve.

    • Guidde

      Turning how people work into knowledge for people and AI.

    • Triple Whale

      Business intelligence and AI for commerce brands.

    • Split Pay

      Helping people align their biggest bills with their paychecks.

    Company formation

    The Studio fund.

    Alongside Funds I and II, our Studio fund backs the creation of new companies at Transformative.

    The Studio researches, develops, and launches independent AI-native businesses with experienced industry operators.

    Build alongside ambitious founders.

    Learn more about Transformative and the companies we back.

    Get in touch