Exclusive: See MSK startup SWORD Health's Series B pitch deck - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

Belgique Nouvelles Nouvelles

We got an exclusive look at the presentation that had investors working over the holidays to invest $25 million in the latest startup tackling remote physical therapy

, had officially closed its latest funding round on the holiday to the tune of $25 million. It was the maximum amount he wanted to raise for the company's Series B that came less than a year after its public launch in the US. Transformation Capital led the round, which also included existing investors Khosla Ventures and Founders Fund.hoping to reimagine physical therapy for a virtual world.

At first, the company grew rapidly as more patients were shut out of traditional physical therapy clinics. Shortly after, companies began reviewing the benefits they offered in the name of cost-cutting and SWORD, which makes profits based on large contracts with employers, suffered. Once the dust had settled, however, SWORD rebounded and then some, Bento said. The resulting growth, which Bento said includes the company's 75% success rate in signing deals with companies they've pitched, was what caught investors' eyes when he started thinking about ways to sustain the growth beyond the coronavirus pandemic.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

Regret is a waste of energy. Don't stay home and not get paid, buy Bitcoin and register with a license trading company to earn guaranteed Passive income (13% interest on all your investment) lisaMakT

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 729. in BE

Belgique Dernières Nouvelles, Belgique Actualités