About Transform Capital
Transform Capital is a venture capital firm founded in 2017. It is primarily based out of Austin, United States. It primarily invests in United States based startups. Its investments are spread across a wide range of sectors from Blockchain Technology to FinTech and High Tech. Overall, Transform Capital portfolio has seen 2 unicorns, 2 IPOs and 1 acquisition including key companies like Republic, Carta and SpaceX.Key Metrics
Portfolio Sectors
Portfolio Locations
Portfolio Acquisitions
Portfolio Soonicorns
Transform Capital's List of Top Investments
Transform Capital has a portfolio of 25 companies, including 2 unicorns. Their most notable investments include Republic and Carta.Their portfolio spans across United States, Belgium, China and 4 more locations. They have invested in Blockchain Technology, FinTech, High Tech and 8 other sectors. Here is the list of top investments by Transform Capital:1. Republic
Online alternative fundraising platform to invest in startups, real estate, crypto, and video games. It provides a platform where individuals receive equity in return for their investments. Its features include investment-related services in the private markets, which include a retail investment platform, a blockchain advisory service, a private capital division, and more. It also provides fundraising tools, SEC filing, designs campaign pages, marketing, and more. For investors, it offers portfolio management tools to review financials, and valuation, and read reviews from other investors. It is available on the iOS platform.
Key facts about Republic
- Founded Year: 2009
- Location: New York City (United States)
- Stage: Public
- Total Funding till date: $216M
- Employee Count: 672 as on May 31, 2026
- Investors: State Street, Draper Esprit and 193 Others
- Latest Funding Round: Conventional Debt, Nov 28, 2025, $*****
- Highlight: Public

2. Carta
Software-based equity management solutions. It offers features solutions for valuation, equity planning, transfer agents, electronic securities, scenario modeling, fund administration, portfolio data collection, and more. It offers solutions to multiple sectors including private companies, investors, and public companies. It also offers ESOP management solutions.
Key facts about Carta
- Founded Year: 2012
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series G
- Total Funding till date: $1.16B
- Employee Count: 2,081 as on May 31, 2026
- Investors: Meritech, Silver Lake and 136 Others
- Latest Funding Round: Series G, Aug 13, 2021, $*****
- Highlight: Editors' Pick

3. Ripple
Provider of blockchain and financial infrastructure solutions for cross-border payments and digital asset custody. The company offers payments, custody, and stablecoin solutions. These solutions enable the integration of blockchain and digital assets. The company aims to provide a simple, secure, and compliant way to modernize financial infrastructure.
Key facts about Ripple
- Founded Year: 2012
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $853M
- Employee Count: 2,102 as on Apr 30, 2026
- Investors: 2020 Ventures, 27th Street Capital and 104 Others
- Latest Funding Round: Conventional Debt, May 11, 2026, $*****
- Highlight: Editors' Pick

4. SpaceX
Provider of advanced aerospace and space transportation services. It delivers advanced launch services using reusable rocket systems designed to transport crew and cargo for missions to orbit, the Moon, Mars, and deep space exploration. It also develops and operates large-scale satellite networks that provide high-speed, low-latency internet connectivity across the globe, including remote and underserved regions. It supports human spaceflight programs aimed at expanding long-duration space exploration and increasing access to space for both commercial and governmental missions.
Key facts about SpaceX
- Founded Year: 2002
- Location: Hawthorne (United States)
- Stage: Public
- Total Funding till date: $11.9B
- Employee Count: 19,280 as on May 31, 2026
- Investors: TrueBridge, equitywestsecurities.com and 260 Others
- Latest Funding Round: Series J, Mar 17, 2026, $*****
- Highlight: Public

5. BITMAIN
Developer of hardware solutions for crypto mining. It provides users with a platform that is based on the application-specific integrated chip miner technology for Bitcoin mining. It also offers cloud solutions, for blockchain and artificial intelligence applications.
Key facts about BITMAIN
- Founded Year: 2013
- Location: Beijing (China)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $950M
- Employee Count: 430 as on May 31, 2026
- Investors: HPR Capital, SIB Investment Group and 27 Others
- Latest Funding Round: Series C, Aug 13, 2018, $*****
- Highlight: Editors' Pick
Unicorns in Transform Capital's Portfolio
Transform Capital has 2 unicorns in its portfolio - Carta and tZERO. The most recent unicorn in their portfolio is Carta. It became a unicorn in 2019, 7 years before Transform Capital first invested in it.Here is a list of unicorns in Transform Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
85 | Software-based equity management solutions | 2012 | San Francisco | Series G | s{oscxm | ||
68 | Online platform providing investment and trading solutions for private securities and digital securities | 2014 | Salt Lake City | Series B | twxdhmo |
IPOs and Publicly Listed companies in Transform Capital's Portfolio
2 of Transform Capital's portfolio companies have become public. SpaceX got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Jun 2026 at marketcap of $996B and Republic got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) at marketcap of $330M.Here are Transform Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 12, 2026 | - | - | 7766 | |
May 01, 2025 | - | - | 3476 |
Acquired companies in Transform Capital's Portfolio
1 company from Transform Capital's portfolio has been acquired. The most recent acquisition was Swarm Networks in Dec 2025 by Inveniam IO for $*****.Here are Transform Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Dec 09, 2025 | - | - | 9602 |
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