Sword Health Nabs $ 40 million at $ 4 billion, pushes IPO plans at least 2028

Sword Health, a digital health startup fueled by AI, raised $ 40 million to an evaluation of $ 4 billion, a leap of 33% of the $ 3 billion in prices He won only a year ago. The funding was led by the return investor, General Catalyst.

Even if Sword Health, 10, is positive in cash flow, his CEO and founder, Virgílio Bento, told Techcrunch that he had chosen to lift additional capital for two key reasons: update the company’s assessment and have easily available funds for strategic acquisitions.

Sword Health, which has started as a virtual physiotherapist and has since extended to the supply of pelvic health and mental health services, had previously envisaged a short -term IPO. Bento told Techcrunch last year that a list of 2025 was a possibility.

Despite the recent Introduction on Hommologists Pivotal health And To have,, And the annual execution rate of annual income of $ 240 million in swords, Bento reconsiders its IPO plans.

“It will be much later that everyone is expecting,” he said.

Bento’s objective is that Phoenix, the EA care specialist in the sword, extends remote health care beyond musculoskeletal pain and pelvic floor care on many conditions, such as cardiovascular care, gastroenterological health and speech therapy.

“I want the IPO when I have a lot of different evidence on a large scale in many vertical links of different care-so maybe 2028,” he said.

In recent months, Bento has embarked on what he calls an “educational journey” to learn to manage a public company, speaking with CEOs of various public and bankers.

“At the end of this period of education, I realized that if you asked me why we should not introduce, I can give you 10 reasons. If you ask me why we should the IPO, I can’t find a reason,” he said.

Bento is not convinced by the typical reasons for an IPO, such as brand construction or access to capital. Can Ikea and Lego as examples of successful private companies, he said that solid startups can still secure many private capital, citing Massive increase of $ 10 billion databricks.

The liquidity of the employees and the first shareholders is also easily achievable for private companies thanks to the secondary markets, said Bento, adding that Sword will probably launch a tender offer next month.

Sword plans to raise more capital next year, said Bento. He even predicts the size and Evaluation of the next company financing round.

“Last year, we raised $ 30 million to an assessment of $ 3 billion. This year, we made $ 40 million to $ 4 billion. I think you can imagine the type of increase we are going to do next year, which will probably be $ 50 million to $ 5 billion,” he said. “I like digital symmetry. I think it’s fun. “

The last Tour covers Total Sword funding at $ 380 million. The other participants in the new round include Khosla Ventures, Comcast Ventures, Lince Capital, Oxy Capital, Armilla, Indico Capital and Shilling.