Sword Health announced securing $25 million in a Series B round led by Transformation Capital.

Portugal United States Malta 01 February 2021

Sword Health, a Lisbon, Portugal and New York, USA-based operator of a virtual platform for virtual musculoskeletal (MSK) care services, announced closing series B financing round at a total of $25 million.

The round was led by Todd Cozzens, Managing Partner at Transformation Capital. Existing investors Khosla Ventures, Founders Fund, Green Innovations, Vesalius Biocapital and Faber also participated.

The proceeds will be used to enhance product capabilities, expand industry partnerships and drive adoption across the benefits management ecosystem with employers, health plans and alliance partners.

Sword Health, founded in 2015 and led by CEO Virgilio Bento, developed a virtual musculoskeletal solution called Digital Therapist, which connects in-house Doctors of Physical Therapy to SWORD Health members via wearable motion sensors and a tablet loaded with an AI-powered therapeutic exercise program. The Digital Therapist is the only solution clinically proven to outperform the current gold standard of care for MSK conditions – traditional physical therapy – and the only to offer rehabilitation programs for chronic, acute and post-surgical conditions of the lower back, shoulder, neck, knee, elbow, hip, ankle, wrist and lungs.

Sword Health previously raised about $25 million.

Total investments received (USD): 46.6M