Total amount raised
$128.4 Million
Latest funding date
7/1/2021
Location
Sword Health has successfully raised funding over 12 rounds, with the latest being a Venture - Series Unknown round. The company is backed by 29 investors, including Armilar Venture Partners and General Catalyst.
Keep reading to explore the intricacies of Sword Health's fundraising journey and the investors backing this innovative platform.
What Is Sword Health?
Sword Health is a private company based in New York, New York, United States, specializing in AI-powered physical therapy solutions for pain recovery at home. The company operates in multiple industries, including Artificial Intelligence, Health Care, Medical, mHealth, and Therapeutics.
Founded by a team of experts, Sword Health has grown to employ between 1001 and 5000 people. The company aims to reduce healthcare costs while improving patient outcomes through a combination of artificial intelligence and human clinical expertise.
How Much Funding Has Sword Health Raised?
- Seed Round
- Amount Raised: USD 4,600,000
- Date: April 2018
- Lead Investors: Vesalius Biocapital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and launch their AI-powered physical therapy solutions.
- Series A Round
- Amount Raised: USD 8,000,000
- Date: April 2019
- Lead Investors: Khosla Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their market reach and enhance their technology.
- Series A Round
- Amount Raised: USD 9,000,000
- Date: February 2020
- Lead Investors: Khosla Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale their operations and improve their AI capabilities.
- Series B Round
- Amount Raised: USD 25,000,000
- Date: January 2021
- Lead Investors: Transformation Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand their product offerings.
- Series C Round
- Amount Raised: USD 85,000,000
- Date: June 2021
- Lead Investors: General Catalyst
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance their AI technology and expand into new markets.
- Series D Round
- Amount Raised: USD 163,000,000
- Date: November 2021
- Lead Investors: Sapphire Ventures
- Valuation at Round: USD 1,800,000,000
- Motivation Behind the Round: To support rapid growth and technological advancements.
- Secondary Market Round
- Amount Raised: USD 26,000,000
- Date: November 2021
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Secondary Market Round
- Amount Raised: USD 100,000,000
- Date: June 2024
- Valuation at Round: USD 3,000,000,000
- Motivation Behind the Round: To provide liquidity to current and former employees and early investors.
- Series E Round
- Amount Raised: USD 30,000,000
- Date: June 2024
- Valuation at Round: USD 3,000,000,000
- Motivation Behind the Round: To support the development and rollout of new AI technology.
- Series Unknown Round
- Amount Raised: USD 40,000,000
- Date: June 2025
- Lead Investors: General Catalyst
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue expanding their AI-powered solutions and market reach.
Total Amount Raised: USD 490,600,000. Current Valuation: USD 3,000,000,000.
Key Investors
- General Catalyst
- Details: General Catalyst is a venture capital firm that invests in early-stage and growth-stage companies. They have a strong focus on technology and healthcare sectors.
- Investment Focus Areas: Technology, healthcare, consumer services.
- Notable Investments: Airbnb, Stripe, Snap.
- Khosla Ventures
- Details: Khosla Ventures is a venture capital firm founded by Vinod Khosla. They invest in transformative technology and healthcare companies.
- Investment Focus Areas: Technology, healthcare, sustainability.
- Notable Investments: Square, DoorDash, Impossible Foods.
- Founders Fund
- Details: Founders Fund is a venture capital firm known for investing in innovative and high-impact sectors. They have a strong portfolio in technology and healthcare.
- Investment Focus Areas: Technology, healthcare, aerospace.
- Notable Investments: SpaceX, Palantir Technologies, Facebook.
- Sapphire Ventures
- Details: Sapphire Ventures is a venture capital firm that focuses on growth-stage technology companies. They have a significant presence in enterprise software and healthcare.
- Investment Focus Areas: Enterprise software, consumer internet, healthcare.
- Notable Investments: LinkedIn, Box, Square.
- Sozo Ventures
- Details: Sozo Ventures is a venture capital firm that helps technology companies expand globally. They focus on sectors like healthcare and enterprise software.
- Investment Focus Areas: Global expansion, healthcare, enterprise software.
- Notable Investments: Twitter, Square, Palantir.
What's Next for Sword Health?
As Sword Health continues to innovate, the introduction of Phoenix, their AI Care Specialist, opens vast opportunities. By integrating Phoenix into existing solutions like Thrive and Bloom, Sword Health aims to address the healthcare needs of billions globally, particularly those suffering from musculoskeletal, pelvic, and mental health conditions. This expansion could significantly enhance their market reach, making high-quality care accessible to over 10,000 employers across three continents.
Future fundraising opportunities appear promising, with the potential for an IPO in 2025. The recent $130 million financing round, which increased their valuation to $3 billion, indicates strong investor confidence. This financial backing will support further technological advancements and global expansion, positioning Sword Health as a leader in AI-driven healthcare solutions.
However, challenges remain. Ensuring the clinical-grade standards of their AI platform, navigating regulatory landscapes, and competing with other digital health companies are significant hurdles. Despite these challenges, Sword Health's commitment to innovation and growth suggests a bright future ahead.
Use Clay to Get Funding Data
Sales professionals, take your strategy to the next level by leveraging Clay’s platform to access comprehensive fundraising data on companies like Sword Health and gather other critical business insights.
Sign up for free to start making data-driven decisions and stay ahead of the competition.
