Swift Medical Raises $35M in Series B Funding

Swift Medical, a Toronto ON-based digital wound care company, raised $35M in Series B funding.

The round was led by Virgo Investment Group LLC with participation from DCVC, BDC Capital, Women in Technology Venture Fund, Claritas Capital, Chrysalis Ventures, Pender Ventures and Export Development Canada.

This company intends to use the funds to expand its market position and scale their digital wound management platform across North America.

Led by CEO Carlo Perez, Swift Medical provides an AI-powered, digital wound care platform that allows any patient or clinician to capture a high precision image of their wound with their mobile phone, autonomously determines wound dimensions and clinical characteristics, enables virtual wound care consultations and provides real-time, predictive insights to drive enhanced preventive and personalized care.

The digital wound care technology is currently used by over 4,000 healthcare organizations across all 50 states, spanning the entire continuum of care.