DFX Intelligence
Venture Capital Intelligence
Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.
Firms / Transform Capital
Transform Capital
Investing in Fearless Leaders driving the technology that transforms everyday lives and Donating 50% of General Partners
venture manager, reported GAV $12.8M across 2 vehicles
Importance
20
moderate
Active deployment
30
moderate
Emerging
0
low
Completeness
75
high
Freshness
100
high
Research priority
10
low
Identity and regulatory footprint
- Headquarters
- San Francisco, CAadviserinfo.sec.gov
- Office address
- 595 PACIFIC AVE., 4TH FLOOR, #156, San Francisco, CA, 94133-4669adviserinfo.sec.gov
- Business phone
- 650-353-0601adviserinfo.sec.gov
- SEC adviser type
- exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
- Latest Form ADV
- Mar 26, 2026
- Private funds reported
- 3 (3 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $27.6Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- business phone
- 650-255-4134adviserinfo.sec.govpublished by the subject
- business phone
- 650-353-0601adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
24 observed deals
Stated (the firm’s website)
- Sectors
- enterprise software, fintech, hrtech
- Stages
- growth
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
- Self-described
- venture capital
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors
unknown 96%Other 4%
lead rate n/afollow-on rate n/anew logos, 12 months 24
Funds and vehicles
2 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Transform Capital II, LP | Fund | 2021 adv first reported | Mature | $7.8M Mar 16, 2022 | 27 | unknown | unknown |
| Transform Capital I, L.P. | Fund | unknown | Unknown | $5.0M Mar 16, 2022 | 13 | unknown | unknown |
GAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.
Investment team
7 current, 0 departed
Aihui Ong
Founder or executiveFounder EdgiLife
Harshul Sanghi
Founder or executiveFounder, AMEX Ventures
Peter Sullivan
Founder or executiveFounder, Jackpocket
Jonathan Ebinger
General partnerFounder, General Partner
Christopher Sean Foote
PartnerManager · since Oct 1, 2019
Jonathan Robert Ebinger
PartnerManager · since Oct 1, 2019
Investments on record
24 edges, 23 companies, 0 partner-attributed
“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.
Co-investors
32 relationships from shared deals, counted for the whole firm
Rocketship.vc, LLC 2 shared · recurringInstitutional Venture 2 shared · recurringLeap Global Partners 2 shared · recurringTribeca Venture Partners 1 shared · one time · they led 1Greycroft LP 1 shared · one timeBluestein Ventures Management LLC 1 shared · one timeOCA Ventures, LLC 1 shared · one timeSJF Management LLC 1 shared · one timeGrotech Management Company 1 shared · one timeFirstmark Capital, LLC 1 shared · one timeMK Capital Company 1 shared · one timeHaymaker Ventures LLC 1 shared · one timeCervin Ventures Management, LLC 1 shared · one timeFelicis Ventures 1 shared · one timeInterplay Ventures Early Stage Management LLC 1 shared · one timeAccel 1 shared · one timeBoot64 Ventures LLC 1 shared · one timeValuestream Ventures 1 shared · one timeOpen Opportunity Management, LLC 1 shared · one timeCross Creek Advisors, LLC 1 shared · one timeActivate Capital Partners 1 shared · one timeActivant Capital Group LLC 1 shared · one timeBullpen Management, LLC 1 shared · one timeBling Capital LLC 1 shared · one timeMoneta Ventures, LLC 1 shared · one timeA-Star Partners, LLC 1 shared · one timeSierra Ventures 1 shared · one timeEmerald Technology Ventures Ag 1 shared · one timeHalogen Ventures 1 shared · one timeAmerican Family Ventures 1 shared · one timeGlynn Capital Management, LLC 1 shared · one timeMadrona Venture Group, LLC 1 shared · one time
Limited partners
0 disclosed
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Timeline
6 dated events
- Sep 16, 2026paro.io no longer listed on Transform Capital's portfolio pageRemoved from portfolio pagePortfolioInferenceparo.ioVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Happy.co no longer listed on Transform Capital's portfolio pageRemoved from portfolio pagePortfolioInferenceHappy.coVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Lily.ai no longer listed on Transform Capital's portfolio pageRemoved from portfolio pagePortfolioInferenceLily.aiVenture organization websites (about, team, portfolio, thesis, news pages)
- Mar 4, 2021Transform Capital II, LP first reported on Form ADV by Transform Capital (Venture Capital Fund), GAV $7,800,000Fund first reported on Form ADVFundsFactTransform Capital II, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Dec 23, 2019Transform Capital first filed Form ADV (ERA, venture capital fund adviser exemption)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Dec 23, 2019Transform Capital I, L.P. first reported on Form ADV by Transform Capital (Venture Capital Fund), GAV $5,000,000Fund first reported on Form ADVFundsFactTransform Capital I, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 12, 2026Micro VC (confirmed, 95%, cls-1)venture manager, reported GAV $12.8M across 2 vehicles
Evidence
62 observations from 3 sources