Funding round
Sword Health Series B
Sword Health, which works in AI-Driven healthcare solutions development in New York, raised $25M in a Series B round announced on 1 Feb 2021, led by Transformation Capital. 6 firms took part. It is Sword Health's third venture round on record; the one before was a Series A in Apr 2019.
$25M
Amount raised
Not disclosed
Post-money valuation
6
Investors
1 lead
Valuation
What this round says about the price
Sword Health did not disclose a valuation in this round. It came 22 months after Sword Health's Series A. It is 5.5% of the $456M Sword Health has raised in the venture rounds on record. Sword Health raised again 5 months later: a Series C round of $85M in Jul 2021, at $500M 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 this round 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 17 Jun 2025, led by General Catalyst $40M$3.93B post-money
Investors
Who put money in
Transformation Capital led the round with 5 other firms.
Lead investor
- backs 41 venture-backed companies new investor
Also in the round
- Khosla Ventures backs 396 venture-backed companies new investor
- Founders Fund backs 368 venture-backed companies new investor
- new investor
- Vesalius Biocapital new investor
- backs 30 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, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
27 Series B rounds in Health Care Services within a year either side disclosed an amount; the median was $27M, and this round was close to the median. The closest in time, other companies' Series B rounds in Health Care Services:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Health Care Services | 2 Feb 2021 | $50M | not disclosed | Transformation Capital |
| Health Care Services | 2 Feb 2021 | $40M | not disclosed | InvAscent |
| Strive Health Health Care Services | 16 Mar 2021 | $140M | not disclosed | CapitalG |
| Health Care Services | 30 Mar 2021 | $25M | not disclosed | Lux Capital |
| Health Care Services | 7 Jan 2021 | $23M | not disclosed | Bessemer Venture Partners |
| Health Care Services | 26 Apr 2021 | $46M | not disclosed | not named |
| Health Care Services | 16 Dec 2020 | $28M | not disclosed | Morningside Ventures |
| Health Care Services | 22 Apr 2021 | $21M | not disclosed | Sator Grove |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Sword Health raise in its Series B round?
Sword Health raised $25M in its Series B round, announced in Feb 2021.
Who led Sword Health's Series B round?
Transformation Capital led it, with Khosla Ventures, Founders Fund, Green Innovations, Vesalius Biocapital and Faber.
What was Sword Health's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Health Care Services?
27 Series B rounds in Health Care Services within a year either side disclosed an amount; the median was $27M, and this round was close to the median.
Did Sword Health raise again after this round?
Yes: a Series C round in Jul 2021 of $85M at $500M post-money.