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Sword Health Is Valued at $2 Billion in Latest Funding Round

  • Valuation is more than 18 times where it was viewed in January
  • Founder: A goal is to develop therapies that sidestep opioids

Sword Health, a provider of virtual and digital physical therapy, is valued at $2 billion after a funding round led by Sapphire Ventures that saw its valuation increase by more than 18 times since January. 

The company raised $163 million in a Series D round and $26 million in a secondary round from new investors including Sozo Ventures, Willoughby Capital, Localglobe and ADQ, according to a statement reviewed by Bloomberg News. Existing investors, including General Catalyst and Khosla Ventures, also participated.