{"id":20803,"date":"2024-06-05T06:26:08","date_gmt":"2024-06-05T00:56:08","guid":{"rendered":"https:\/\/thecatalystonline.in\/thecatalyst\/sword-health-raises-130m-and-its-valuation-soars-to-3b\/"},"modified":"2026-03-23T15:44:53","modified_gmt":"2026-03-23T10:14:53","slug":"sword-health-raises-130m-and-its-valuation-soars-to-3b","status":"publish","type":"post","link":"https:\/\/thecatalystonline.in\/thecatalyst\/sword-health-raises-130m-and-its-valuation-soars-to-3b\/","title":{"rendered":"Sword Health raises $130M and its valuation soars to $3B\u00a0"},"content":{"rendered":"<p><a href=\"https:\/\/techcrunch.com\/2021\/06\/30\/sword-health-closes-on-85-million-series-c-for-virtual-msk-care\/\">Sword Health<\/a>, an AI-powered virtual physical therapy startup, has raised $30 million and let employees sell $100 million worth of equity to new and existing investors, including Khosla Ventures. The round brings the nine-year-old company\u2019s valuation to $3 billion, a 50% increase from the\u00a0$2 billion value it\u00a0garnered in its Series D in November 2021.<\/p>\n<p>The company initially set out to just do the $100 million secondary round that would allow employees and early investors to sell shares, Virg\u00edlio Bento, Sword\u2019s CEO and founder, told TechCrunch. But when he saw that the secondary round was oversubscribed, the company also decided to raise a $30 million primary round and update its valuation.<\/p>\n<p>\u201cIt\u2019s a very intense environment: long hours and high expectations. We wanted to reward our team, especially our early employees,\u201d he said.<\/p>\n<p>Sword didn\u2019t need the influx of\u00a0capital because it\u2019s forecasted to be profitable by the end of the year, Bento said. However, he liked the signal an updated valuation would send during the tough fundraising conditions of 2024.<\/p>\n<p>\u201cNo one really believes in the valuations of 2021 given how irrational the market was,\u201d Bento said. While most employees know that the company is doing well, Sword\u2019s clients, who include employers and health plans of Fortune 500 companies, had no clear way of gauging the company\u2019s progress.\u00a0\u201cWe wanted to showcase our growth, and valuation is one indicator of that.\u201d<\/p>\n<p>The company won\u2019t use the $30 million for operations. \u201cIt\u2019s going to be in the bank, generating nice interest,\u201d Bento said.<\/p>\n<p>The latest primary round brings Sword\u2019s total funding to $340 million. In addition to Khosla Ventures, the company\u2019s investors include General Catalyst, BOND, Founders Fund, and others.<\/p>\n<p><strong>Content Courtesy &#8211;<\/strong> Tech Crunch<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sword Health, an AI-powered virtual physical therapy startup, has raised $30 million and let employees sell $100 million worth of equity to new and existing investors, including Khosla Ventures. The round brings the nine-year-old company\u2019s valuation to $3 billion, a 50% increase from the\u00a0$2 billion value it\u00a0garnered in its Series D in November 2021. The [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":572,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-20803","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sword Health raises $130M and its valuation soars to $3B\u00a0 - Latest Tech News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thecatalystonline.in\/thecatalyst\/sword-health-raises-130m-and-its-valuation-soars-to-3b\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sword Health raises $130M and its valuation soars to $3B\u00a0 - Latest Tech News\" \/>\n<meta property=\"og:description\" content=\"Sword Health, an AI-powered virtual physical therapy startup, has raised $30 million and let employees sell $100 million worth of equity to new and existing investors, including Khosla Ventures. 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