Sword Health, an AI-driven digital health startup, raised $40 million at a $4 billion valuation, marking a significant growth from last year’s $3 billion mark. Though the company is already profitable, CEO Virgílio Bento emphasized the need for additional funds for strategic acquisitions and to update its valuation before potentially considering an IPO. He mentioned wanting to expand their service offerings significantly before going public, with possible IPO plans pushed to 2028, as he's currently focused on building a more substantial portfolio in various health sectors.
Bento isn't convinced by the typical reasons for an IPO, such as brand building or capital access. Strong startups can still secure ample private capital.
I want to IPO when I have lots of different proof points at scale in many different care verticals - so maybe 2028.
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