Funding round
Sword Health Growth
Reported as "Growth Equity"
Sword Health, which works in AI-Driven healthcare solutions development in New York, raised $130M in a Growth round announced on 4 Jun 2024, led by Khosla Ventures, at a $3.00B post-money valuation. 1 firm took part. It is Sword Health's sixth venture round on record; the one before was a Series D in Nov 2021.
$130M
Amount raised
$3.00B
Post-money valuation
$2.87B pre-money
1
Investors
1 lead
1.5x
Step-up from the Series D
$2.00B in Nov 2021
4.3%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Sword Health at $3.00B after the new money, 1.5 times the $2.00B of its Series D (Nov 2021). The $130M bought investors about 4.3% of the company. It came 31 months after Sword Health's Series D. It is 29% of the $456M Sword Health has raised in the venture rounds on record. Sword Health raised again 12 months later: a Growth round of $40M in Jun 2025, at $3.93B post-money.
Sword Health's funding rounds
Sword Health has 7 venture rounds on record. This one is highlighted.
- Seed 16 Apr 2018, led by Green Innovations and Vesalius Biocapital $4.6M
- Series A 16 Apr 2019, led by Khosla Ventures $8.0M
- Series B 1 Feb 2021, led by Transformation Capital $25M
- Series C 6 Jul 2021, led by General Catalyst $85M$500M post-money
- Series D 22 Nov 2021, led by Sapphire Ventures $163M$2.00B post-money
- Growth this round 4 Jun 2024, led by Khosla Ventures $130M$3.00B post-money
- Growth 17 Jun 2025, led by General Catalyst $40M$3.93B post-money
Investors
Who put money in
Khosla Ventures led the round.
Lead investor
- Khosla Ventures backs 396 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations and working capital.
- Scaling operations
- Working capital
Comparable rounds
How it compares
17 Growth rounds in Health Care Services within a year either side disclosed an amount; the median was $54M, and this round was 2.4 times the median. The closest in time, other companies' Growth rounds in Health Care Services:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Health Care Services | 21 May 2024 | $150M | not disclosed | KKR |
| Health Care Services | 8 Jul 2024 | undisclosed | not disclosed | not named |
| Health Care Services | 30 Sep 2024 | $12.00B | not disclosed | not named |
| Health Care Services | 11 Jan 2024 | $300M | $1.30B | Silver Rock Group |
| Health Care Services | 11 Jan 2024 | $96M | not disclosed | General Catalyst |
| Health Care Services | 12 Nov 2024 | $52M | not disclosed | GV |
| Health Care Services | 5 Dec 2024 | $42M | not disclosed | Lux Capital |
| Health Care Services | 9 Nov 2023 | $54M | not disclosed | not named |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Sword Health raise in its Growth round?
Sword Health raised $130M in its Growth round, announced in Jun 2024.
Who led Sword Health's Growth round?
Khosla Ventures led it.
What was Sword Health's valuation at the Growth round?
$3.00B post-money ($2.87B pre-money).
How does it compare with other Growth rounds in Health Care Services?
17 Growth rounds in Health Care Services within a year either side disclosed an amount; the median was $54M, and this round was 2.4 times the median.
Did Sword Health raise again after this round?
Yes: a Growth round in Jun 2025 of $40M at $3.93B post-money.