Sword Health raised $163 million in Series D funding led by Sapphire Ventures

Sword Health, a Lisbon, Portugal and New York, USA-based operator of a virtual platform for virtual musculoskeletal (MSK) care services,  raised $163 million in series D round.

The money was raised from investors led by Sapphire Ventures led the round, joined by earlier investors General Catalyst, Khosla Ventures, Founders Fund, Bond, Transformation Capital and Green Innovations. The money includes an additional $26 million in secondary share sales. Both transactions value the company at $2 billion.

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 a $25 million Series B round in February 2021, extended in June to $85 million series C.