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Sword Health nabs $40M at $4B valuation, pushes IPO plans to at least 2028
The digital health startup says it secured the fresh capital to update its valuation and finance acquisitions.
Even though 10-year-old Sword Health is cash-flow positive, its CEO and founder, Virgílio Bento, told TechCrunch that he opted to raise additional capital for two key reasons: to update the company’s valuation, and have funds readily available for strategic acquisitions. Bento isn’t convinced by the typical reasons for an IPO, such as brand building or capital access. Liquidity for employees and early shareholders is also easily attainable for private companies thanks to secondary markets, Bento said, adding that Sword will likely launch a tender offer next month.
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