Sword Health
 | |
| Company type | Private |
|---|---|
| Industry | e-health |
| Founded | 2015 |
| Founders | Virgílio Bento, Márcio Colunas |
| Headquarters | Porto , Portugal |
Key people | Virgílio Bento (CEO) |
| Website | swordhealth |
Sword Health is a Portuguese health care company that provides virtual and digital physical therapy.[1] Founded in Portugal in 2015 by Virgílio Bento and Márcio Colunas, Sword Health is a startup company valued at $2 billion in November 2021.[1]
History
[edit]Sword Health was founded in 2015 by Virgílio Bento and Márcio Colunas.[2]
Sword Health first rolled out commercially in the United States in January 2020. In November 2021, the company employed about 60 doctors of physical therapy. The company’s services are sold to employers who offer them to employees as a benefit.[1][2]
The company raised $163 million in primary Series D financing in November 2021, extending the company's financial runway to 2025.[3] The company completed another $30 million Series E financing in June 2024.[4]
In October 2024, the company laid off 17% of its treatment-facing clinicians in an effort to replace patient communications from licensed physical therapists with computer-generated messages.[5]
See also
[edit]References
[edit]- ^ a b c "Bloomberg - Sword Health Is Valued at $2 Billion in Latest Funding Round". Bloomberg. 22 November 2021. Retrieved 2021-12-18.
- ^ a b "Visão | Virgílio Bento, CEO da Sword Health: "Queremos criar a empresa mais valiosa de Portugal"". Visão (in European Portuguese). 2021-11-22. Retrieved 2021-12-18.
- ^ "Health Tech: Sword tips toward growth". Axios. Retrieved 2024-12-04.
- ^ Lopez, John (2024-06-04). "Sword Health Raises $30 Million, Value Skyrockets to $3 Billion; Introduces AI-Powered Virtual Physical Therapy Platform". Tech Times. Retrieved 2024-12-04.
- ^ "$3 billion startup Sword Health cuts some physical therapists as it ramps up AI to treat more patients". Yahoo Tech. 2024-11-11. Retrieved 2024-12-04.