Sword Health, a NYC-based virtual musculoskeletal (MSK) care provider, raised $25m in financing.
The round, which brought cumulative fundraising to $50m, was led by Todd Cozzens, Managing Partner at Transformation Capital and former healthcare investor at Sequoia Capital, with participation from existing investors Khosla Ventures, Founders Fund, Green Innovations, Vesalius Biocapital and Faber.
The company will use the funds to enhance product capabilities, expand industry partnerships and drive adoption across the benefits management ecosystem with employers, health plans and alliance partners.
Led by Virgilio Bento, founder and CEO, Sword Health provides a virtual musculoskeletal solution centered around its FDA-listed Digital Therapist, which connects in-house Doctors of Physical Therapy to members via wearable motion sensors and a tablet loaded with an AI-powered therapeutic exercise program. The clinically proven solution offers rehabilitation programs for chronic, acute and post-surgical conditions of the lower back, shoulder, neck, knee, elbow, hip, ankle, wrist and lungs.