Sword Health is a digital health company focused on musculoskeletal care. It combines licensed clinicians, AI, and connected devices to deliver virtual physical therapy and rehabilitation at home.
Access to pre-IPO shares is available to accredited investors through UpMarket.
Latest Price
$3B
Financing Round, 2024, Perplexity
UpMarket Estimate
$3.0B
Based on UpMarket valuation model
Previous Price
$2B
Series D 2021
How to Invest in Sword Through UpMarket
Sword shares are not on public exchanges. UpMarket provides accredited investors access through secondary market transactions.
Step 01
Verify accredited investor status
Confirm eligibility under SEC Rule 501 of Regulation D. Income or net worth threshold applies.
Step 02
Create an UpMarket account
Complete KYC/AML onboarding. Typically 1–2 business days. Licensed rep assigned on signup.
Step 03
Review available Sword offerings
Full offering memoranda and risk disclosures provided before any commitment is required.
Step 04
Complete subscription documents
Review and sign subscription agreement. All documents handled digitally through the platform.
Step 05
Fund your investment
Wire transfer or ACH. $50K minimum. Funds held in custodial account until close.
Pre-IPO investments are illiquid, speculative, and involve risk of total loss of capital.
$1.3B+
UpMarket has brokered over $1.3 billion in alternative investments*
*Includes principal invested and appreciation of investments originated via the UpMarket platform based on historical trade volume and valuation estimates through March 31, 2026. Of the total, approximately $301 million is managed by UpMarket Management, with the remaining originated investments managed by affiliates. Past performance is not predictive of future results.
Valuation Growth Over Time
Post-money valuation by round
Previous roundsMost recent
Date
Round
PPS (split-adj.)
Valuation
2024
Financing Round
$3B
2021
Series D
$2B
Sword Revenue and Growth
Annual revenue
Why Investors Are Watching Sword
Growth Signal
Sword Health said it reached 600% revenue growth in 2021
At its Series C financing in 2021, Sword Health reported 600% year-over-year revenue growth and a 10x increase in patients treated. The company said it is the world’s largest AI Care Platform for musculoskeletal health.
Competitive Moat
Thrive uses Vision AI to guide movement in real time
Sword’s Thrive AI pain care solution uses Vision AI inside the Sword app to provide real-time movement guidance from home. The product pairs clinician expertise with AI to deliver personalized care at scale.
Market Opportunity
Sword Health raised $30M at a $3B valuation in 2024
In June 2024, Sword Health raised $30 million in Series E funding at a $3 billion valuation. The same round included a $100 million secondary sale for employees and earlier investors.
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No. As of March 2026, Sword is a private company and does not trade on any public stock exchange. Accredited investors can access Sword shares through UpMarket, a FINRA-registered broker-dealer that specializes in pre-IPO investments.
Sword does not have a public stock price because it is privately held. The most recent known share price comes from its last funding round. Pre-IPO share prices on the secondary market may differ from the last round price depending on supply, demand, and market conditions.
Yes. Accredited investors can indicate interest in Sword shares through UpMarket by filling out the form on this page or creating an account at upmarket.co. All pre-IPO offerings are subject to availability and require a $50,000 minimum investment. UpMarket is a FINRA-registered broker-dealer and has brokered more than $500M in alternative investments since 2019.
Pre-IPO investments carry significant risks. Sword shares are illiquid, meaning there is no public market to sell them quickly. There is no guaranteed exit timeline or return. The investment is speculative in nature, and investors should be prepared for the possibility of total loss. Valuations of private companies can fluctuate substantially between funding rounds. Investors should consult their financial advisor and review all offering documents before investing.
In a pre-IPO transaction, accredited investors purchase shares from existing shareholders (such as employees, early investors, or other holders) through secondary market platforms. The company itself does not issue new shares in these transactions. UpMarket facilitates these trades as a FINRA-registered broker-dealer, handling compliance, documentation, and settlement on behalf of both parties.
There are two primary exit paths for pre-IPO holdings: selling your shares on the secondary market to another buyer, or holding until the company completes an IPO or is acquired. Both paths are subject to transfer restrictions, company approval (right of first refusal), and market conditions. The timing of any exit is unpredictable, and investors should plan for a multi-year holding period.
The minimum investment for most pre-IPO offerings on UpMarket is $50,000. This amount may vary depending on the specific offering and share availability. There are no fees to create an UpMarket account or browse available investments. Investors only pay transaction-related fees when they complete an investment.
UpMarket's valuation estimate of is derived from a proprietary model that incorporates multiple data sources: funding round data (Caplight), revenue estimates (Sacra), secondary market pricing, and public company comparables. The model applies a private company discount to the public comp multiple to account for illiquidity and information asymmetry. This estimate is not investment advice and may differ substantially from the price at which shares actually trade.
Sword Health is a digital physical therapy platform for musculoskeletal care that generated $373.8M in 2023 revenue and was valued at $3.0B, after saying it reached 600% revenue growth in 2021 — accredited investors can access Sword stock through UpMarket.