Sword Health funding rounds & valuation history
Sword Health, the New York and Porto “AI Care” company best known for digital physical therapy (musculoskeletal care), now expanding into pelvic, mental and pulmonary care. Funding from the Series C (Jun 2021) to the Growth round (Jun 2025) plus later status rows, sourced to Axios Pro, TechCrunch, Fierce Healthcare and Sword Health.
Round history
Newest first. Dashed badges and striped rows are not closed transactions. “—” means the source does not disclose the figure or it cannot be computed on the same basis; see the note in each row.
| Date | Status | Round | Amount | Lead / buyer | Valuation | Val. ÷ run-rate | Source |
|---|---|---|---|---|---|---|---|
Reported talks |
Planned Series FCEO Virgílio Bento to Axios Pro: initial investor conversations, hoped to close that quarter. No close announced as of 14 Nov 2026 IST; not summed. |
About $500M (planned) |
—Not disclosed |
Not disclosedNo company valuation stated by the source |
—Not disclosedTalks-stage or discussed figure; no multiple |
||
Closed round |
Growth round (Jun 2025) |
$40M |
General Catalyst |
$4BStated by Sword executives (Fierce Healthcare)2.00× vs prior closed |
—Not disclosedNo run-rate stated in the announcement |
||
Closed round |
Series D |
$163M |
Sapphire Ventures |
$2BStated by Sword Health |
—Not disclosedNo run-rate stated in the announcement |
||
Closed round |
Series CWith BOND and Highmark Ventures among others. |
$85M |
General Catalyst |
Not disclosedNo company valuation stated by the source |
—Not disclosedNo run-rate stated in the announcement |
Valuation at each closed round
Valuations as stated or reported at each closed round with a disclosed figure; talks, tenders and filings are not plotted.
Sources: Axios Pro, TechCrunch, Fierce Healthcare, Sword Health. US$ billions, linear scale.
Timeline
Each round and share sale, oldest first.
- 30 Jun 2021 · Closed
Series C: $85M led by General Catalyst.
- 22 Nov 2021 · Closed
Series D: $163M at $2B led by Sapphire Ventures.
- 17 Jun 2025 · Closed
Growth round (Jun 2025): $40M at $4B led by General Catalyst.
- 28 Jan 2026 · Talks
Planned Series F: About $500M (planned).
Cite this dataset
Free to quote with a link back. Copy this citation:
Sword Health Funding Rounds & Valuation History. Private Valuation & Funding Round Tracker, GrowthNavigateFunding.net, updated 14 Nov 2026. https://growthnavigatefunding.net/funding/sword-health/
Download the data
The same 4 rows as the table: numeric US$ columns, empty cells where a figure is not disclosed, and a source URL for every row.
- File
sword-health-rounds.csv(UTF-8, comma-separated)- Stable URL
https://growthnavigatefunding.net/wp-content/uploads/2026/11/sword-health-rounds.csv- Columns
id,date,date_precision,status,transaction_type,round,amount_usd_low,amount_usd_high,lead_or_buyer,co_leads,valuation_usd_low,valuation_usd_high,valuation_basis,valuation_to_run_rate_multiple,multiple_bound,multiple_basis,step_up_vs_prior_closed,price_per_share_usd_low,price_per_share_usd_high,shares,source,source_url,other_source_urls,notes,last_updated- Updated
- (IST)
Methodology & status definitions
How each row is labelled and calculated.
Closed round
A primary round announced by the company or confirmed in the press, bringing new money to the company.
Reported talks
A raise reported by the press as under discussion and not confirmed as closed. Not charted, not the last-closed valuation; no step-up or multiple.
Valuation ÷ run-rate
Post-money valuation ÷ the run-rate the company stated in that announcement (GNF calc.). Where the run-rate is “crossed” or “over” a figure, the multiple is shown as “under X×”. No row qualifies here unless shown, so no multiple is invented.
What is not a separate row
Seed, Series A and Series B (2016–2020), the planned 2026 Series F until it closes, and acquisitions made by Sword.
Updates & corrections
This page stays at one address and is updated in place; the “Last updated” date above drives the citation and the dataset metadata. Corrections: hello@growthnavigatefunding.net. Informational only; not investment advice.
Changelog
- : Dataset first compiled (AI-50 batch, not yet published).
Sources
- Axios Pro: Sword plans M&A plus fundraise this year, but no IPO, 28 Jan 2026
- TechCrunch: Sword Health nabs $40M at $4B valuation, pushes IPO plans to at least 2028, 17 Jun 2025
- Fierce Healthcare: Sword Health lands $40M, launches AI-based mental health solution, 17 Jun 2025
- Sword Health: Sword raises $163M, reaching $2B valuation as fastest-growing digital MSK company, 22 Nov 2021
- TechCrunch: SWORD Health closes on $85 million Series C for virtual MSK care, 30 Jun 2021