Sword Health, a New York-based virtual musculoskeletal care provider, raised $85M in Series C funding.
The round, which followed a $25m Series B announced in January 2021 and brought total funding raised to date to $135M, was led by General Catalyst with participation from Bond, Highmark Ventures, and BPEA, along with returning investors Khosla Ventures, Founders Fund, Transformation Capital, and Green Innovations.
The company intends to use the funds to build the MSK platform that leverages its virtual physical therapy program to drive cost savings to payors, employers and providers.
Led by CEO and founder Virgílio Bento, Sword Health provides care for MSK conditions, and puts preventative measures in place for high risk individuals by working directly with payors, employers and providers. The digital solution covers acute, chronic, and preventative care, with striking results for back, shoulder, neck, knee, elbow, hip, ankle and wrist areas. The solution improves individuals’ overall health and wellbeing while offering outcomes for businesses by lowering absenteeism, presenteeism, and lifetime healthcare costs for individuals.
Since launching in 2015, Sword Health has worked with insurers, health systems and employers in the U.S., Europe and Australia.