Funding round
Sword Health Growth
Reported as "Growth Equity"
Sword Health, which works in AI-Driven healthcare solutions development in New York, raised $40M in a Growth round announced on 17 Jun 2025, led by General Catalyst, at a $3.93B post-money valuation. 8 firms took part, 1 of them already investors. It is Sword Health's seventh venture round on record; the one before was a Growth in Jun 2024.
$40M
Amount raised
34,600,000 EUR converted
$3.93B
Post-money valuation
8
Investors
1 lead
1.3x
Step-up from the Growth
$3.00B in Jun 2024
1.0%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Sword Health at $3.93B after the new money, 1.3 times the $3.00B of its Growth (Jun 2024). The $40M bought investors about 1.0% of the company. It came 12 months after Sword Health's Growth. It is 8.8% of the $456M Sword Health has raised in the venture rounds on record. No later venture round is on record for Sword Health.
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 4 Jun 2024, led by Khosla Ventures $130M$3.00B post-money
- Growth this round 17 Jun 2025, led by General Catalyst $40M$3.93B post-money
Investors
Who put money in
General Catalyst led the round with 7 other firms. General Catalyst had backed Sword Health before.
Lead investor
- General Catalyst backs 574 venture-backed companies existing investor
Also in the round
- Khosla Ventures backs 396 venture-backed companies new investor
- Comcast Ventures new investor
- backs 19 venture-backed companies new investor
- backs 4 venture-backed companies new investor
- backs 23 venture-backed companies new investor
- backs 25 venture-backed companies new investor
- backs 33 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations and acquisitions.
- Product development
- Geographic expansion
- Scaling operations
- Acquisitions
Comparable rounds
How it compares
15 Growth rounds in Health Care Services within a year either side disclosed an amount; the median was $42M, and this round was close to the median. The closest in time, other companies' Growth rounds in Health Care Services:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Health Care Services | 6 Jun 2025 | $48M | not disclosed | not named |
| Health Care Services | 14 May 2025 | $200M | not disclosed | not named |
| Health Care Services | 9 Jul 2025 | $190M | not disclosed | not named |
| Health Care Services | 20 May 2025 | undisclosed | not disclosed | not named |
| Health Care Services | 8 Apr 2025 | $30M | not disclosed | Ally Bridge Group and Amed Ventures |
| Health Care Services | 29 Apr 2025 | $15M | not disclosed | MK Capital |
| Health Care Services | 8 Apr 2025 | undisclosed | not disclosed | General Atlantic |
| Health Care Services | 9 Sep 2025 | $130M | not disclosed | General Catalyst and 8VC |
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 $40M in its Growth round, announced in Jun 2025.
Who led Sword Health's Growth round?
General Catalyst led it, with Khosla Ventures, Comcast Ventures, Lince Capital, Oxy Capital and Armilar Venture Partners and 2 more.
What was Sword Health's valuation at the Growth round?
$3.93B post-money.
How does it compare with other Growth rounds in Health Care Services?
15 Growth rounds in Health Care Services within a year either side disclosed an amount; the median was $42M, and this round was close to the median.