SWORD Health nabs Portugal's second biggest Series A round within one year

Portugal

5 min read

Mar 05, 2020

By Gareth Gardiner Jones

©SWORD Health

SWORD Health's AI-based physiotherapy solution has just clinched $9m from Khosla Ventures and Founders Fund, ringing in a total of $17m in Series A funding

A medtech startup has raised the second biggest Series A funding round in Portugal, beating records set by unicorns like Farfetch and OutSystems. SWORD Health, the world's first digital physiotherapist for musculoskeletal disorders, secured $17m after Silicon Valley investors Khosla Ventures and Founders Fund pumped in $9m via a second phase Series A end of Februrary, following $8m first raised in April 2019.
Established in late 2013, the Porto-based company is addressing a severe global shortage of qualified physiotherapists, which has created a market for home rehabilitation forecas...

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Edited by Suzanne Soh

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