Funding round
Sword Health Series C
Sword Health, which works in AI-Driven healthcare solutions development in New York, raised $85M in a Series C round announced on 6 Jul 2021, led by General Catalyst, at a $500M post-money valuation. 8 firms took part, 4 of them already investors. It is Sword Health's fourth venture round on record; the one before was a Series B in Feb 2021.
$85M
Amount raised
$500M
Post-money valuation
8
Investors
1 lead
17%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Sword Health at $500M after the new money. The $85M bought investors about 17% of the company. It came 5 months after Sword Health's Series B. It is 19% of the $456M Sword Health has raised in the venture rounds on record. Sword Health raised again 4 months later: a Series D round of $163M in Nov 2021, at $2.00B 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 this round 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
General Catalyst led the round with 7 other firms. Khosla Ventures, Founders Fund, Transformation Capital and Green Innovations had backed Sword Health before.
Lead investor
- General Catalyst backs 574 venture-backed companies new investor
Also in the round
- BOND backs 91 venture-backed companies new investor
- Highmark Ventures new investor
- backs 2 venture-backed companies new investor
- Khosla Ventures backs 396 venture-backed companies existing investor
- Founders Fund backs 368 venture-backed companies existing investor
- backs 41 venture-backed companies existing investor
- existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development and scaling operations.
- Product development
- Scaling operations
Comparable rounds
How it compares
17 Series C rounds in Health Care Services within a year either side disclosed an amount; the median was $60M, and this round was 1.4 times the median. The closest in time, other companies' Series C rounds in Health Care Services:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Health Care Services | 5 Jun 2021 | $140M | $1.00B | HealthQuest Capital |
| Health Care Services | 31 Aug 2021 | $65M | not disclosed | Asia Partners |
| Health Care Services | 30 Aug 2021 | $60M | not disclosed | Casdin Capital |
| Health Care Services | 29 Sep 2021 | $48M | not disclosed | Moore Strategic Ventures and BEENEXT |
| Health Care Services | 30 Mar 2021 | $100M | $1.10B | Khosla Ventures |
| Health Care Services | 30 Mar 2021 | $40M | not disclosed | Transformation Capital |
| Health Care Services | 31 Mar 2021 | $20M | not disclosed | Blue Venture Fund |
| Health Care Services | 18 Feb 2021 | $60M | not disclosed | Insight Partners |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Sword Health raise in its Series C round?
Sword Health raised $85M in its Series C round, announced in Jul 2021.
Who led Sword Health's Series C round?
General Catalyst led it, with BOND, Highmark Ventures, BPEA Private Equity, Khosla Ventures and Founders Fund and 2 more.
What was Sword Health's valuation at the Series C round?
$500M post-money.
How does it compare with other Series C rounds in Health Care Services?
17 Series C rounds in Health Care Services within a year either side disclosed an amount; the median was $60M, and this round was 1.4 times the median.
Did Sword Health raise again after this round?
Yes: a Series D round in Nov 2021 of $163M at $2.00B post-money.