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Revenue Leaderboard › Healthcare AI
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#590 by ARRNew York, USswordhealth.com ↗

Sword Health

AI-powered digital physical therapy and pain care platform (MSK, pelvic health, mental health) sold to employers, health plans, unions and governments.

Healthcare AIDigital HealthPhysical TherapyWearablesMental Health
ARR
$240M
as of Jun 2025
Employees
~700
as of Jan 2026
Valuation
$4B
17× ARR
ARR / employee
$343K
revenue efficiency
About Sword Health

Sword Health combines AI, wearable sensors and licensed clinicians to deliver virtual physical therapy, pelvic health, injury prevention and, since June 2025, mental health care (Mind). It sells to employers, health plans and governments, and says it serves 2,000+ organizations and has generated over $1B in healthcare savings for clients. It was founded in Portugal in 2015 and became a unicorn in 2021. It raised a $40M round in June 2025 at a reported ~$4B valuation, with total funding reported at roughly $450–540M depending on the source. Headcount is estimated at about 1,200 in 2026.

AI care platform (MSK, pelvic, mental health); acquiring Headspace. $240M revenue run-rate, cash-flow positive (Jun 2025); $4B valuation; IPO targeted 2028; agreed to buy Headspace ($200–300M, Sep 2026).

Investors · 22

LeadGeneral CatalystVenture capital71 partners on file
BoardGeneral CatalystVenture capital· Chris Bischoff (Managing Director at General Catalyst; Sword board director)71 partners on file
BoardSapphire VenturesVenture capital· Cathy Gao (Partner at Sapphire Ventures (board observer))19 partners on file
InvestorADQSovereign fund5 partners on file
InvestorArmilar Venture PartnersVenture capital21 partners on file
InvestorBONDVenture capital13 partners on file
InvestorComcast VenturesCorporate3 partners on file
InvestorDraycott SCRVenture capital3 partners on file
InvestorFaber VenturesVenture capital3 partners on file
InvestorFounders FundVenture capital23 partners on file
InvestorGreen InnovationsVenture capital
InvestorHeartcore CapitalVenture capital3 partners on file
InvestorIberis CapitalVenture capital3 partners on file
InvestorIndico Capital PartnersVenture capital3 partners on file
InvestorKhosla VenturesVenture capital47 partners on file
InvestorLince CapitalVenture capital
InvestorLocalGlobeVenture capital20 partners on file
InvestorOxy CapitalVenture capital
InvestorSapphire VenturesVenture capital19 partners on file
InvestorShilling VCVenture capital3 partners on file
InvestorSozo VenturesVenture capital3 partners on file
InvestorTransformation CapitalVenture capital
InvestorVesalius Biocapital PartnersVenture capital2 partners on file
InvestorWilloughby CapitalVenture capital
245 partner contacts across these firms, emails and LinkedIn are in Investor Contacts for paid members.

News, deals & research

Latest in AI
DealSword Health acquires Headspace for $200M-$300MSep 16DealSword Health buys Kaia Health for $285M to enter Germany's digital care marketJan 29
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