Funding round
Sword Health Series D
Sword Health, which works in AI-Driven healthcare solutions development in New York, raised $163M in a Series D round announced on 22 Nov 2021, led by Sapphire Ventures, at a $2.00B post-money valuation. 11 firms took part. It is Sword Health's fifth venture round on record; the one before was a Series C in Jul 2021.
$163M
Amount raised
$2.00B
Post-money valuation
11
Investors
1 lead
4.0x
Step-up from the Series C
$500M in Jul 2021
8.2%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Sword Health at $2.00B after the new money, 4.0 times the $500M of its Series C (Jul 2021). The $163M bought investors about 8.2% of the company. It came 4 months after Sword Health's Series C. It is 36% of the $456M Sword Health has raised in the venture rounds on record. Sword Health raised again 31 months later: a Growth round of $130M in Jun 2024, at $3.00B 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 6 Jul 2021, led by General Catalyst $85M$500M post-money
- Series D this round 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
Sapphire Ventures led the round with 10 other firms.
Lead investor
- Sapphire Ventures backs 148 venture-backed companies new investor
Also in the round
- backs 39 venture-backed companies new investor
- Willoughby Capital new investor
- ADQ new investor
- Localglobe new investor
- General Catalyst backs 574 venture-backed companies new investor
- Khosla Ventures backs 396 venture-backed companies new investor
- Founders Fund backs 368 venture-backed companies new investor
- BOND backs 91 venture-backed companies new investor
- backs 41 venture-backed companies new investor
- new investor
Comparable rounds
How it compares
7 Series D rounds in Health Care Services within a year either side disclosed an amount; the median was $100M, and this round was 1.6 times the median. The closest in time, other companies' Series D rounds in Health Care Services:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Health Care Services | 13 Oct 2021 | $100M | not disclosed | Deerfield |
| Health Care Services | 5 Jan 2022 | $35M | not disclosed | not named |
| Cityblock Health Health Care Services | 3 Aug 2021 | $400M | $5.70B | SoftBank |
| Maven Clinic Health Care Services | 17 Aug 2021 | $110M | $1.00B | Dragoneer Investment Group and Lux Capital |
| Ro Health Care Services | 23 Mar 2021 | $500M | $5.00B | General Catalyst and FirstMark |
| Aledade Health Care Services | 19 Jan 2021 | $100M | $2.10B | Meritech Capital |
| Health Care Services | 18 Nov 2020 | $42M | not disclosed | Valor |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Sword Health raise in its Series D round?
Sword Health raised $163M in its Series D round, announced in Nov 2021.
Who led Sword Health's Series D round?
Sapphire Ventures led it, with Sozo Ventures, Willoughby Capital, ADQ, Localglobe and General Catalyst and 5 more.
What was Sword Health's valuation at the Series D round?
$2.00B post-money.
How does it compare with other Series D rounds in Health Care Services?
7 Series D rounds in Health Care Services within a year either side disclosed an amount; the median was $100M, and this round was 1.6 times the median.
Did Sword Health raise again after this round?
Yes: a Growth round in Jun 2024 of $130M at $3.00B post-money.