New York, NY ; 2/28/20
Amount Funded: $17 Million ($9 million current extension of previous round, which brought in $8 million)
Type: Series A
Lead Investor(s): Khosla Ventures
Participating Investors: Founders Fund, Green Innovations, Lachy Groom, Vesalius Biocapital, Faber Ventures.
Company Description: SWORD Heath is a tech-enabled provider of musculoskeletal care. SWORD pairs licensed physical therapists with innovative technology to help people overcome their pain faster and more cost-effectively. SWORD is on a mission to free two billion people from pain by making it simple for people to prevent and recover from musculoskeletal issues at home, without resorting to surgeries or opioids.
What funding will be used for:
Increasing SWORD’s market footprint, investing in distribution, partnerships, sales and marketing, and making strategic product, clinical and operational investments to improve member experience and outcomes.
“At SWORD, we’ve taken a disciplined and incremental approach to growth. Given the strong interest from the investment community and the demand we’re seeing in the market, we decided it was the right moment to expand.”
-VIrgilio Bento, founder and CEO, SWORD
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