Sword Health, a provider of virtual and digital physical therapy, is valued at $2 billion after a funding round led by Sapphire Ventures that saw its valuation increase by more than 18 times since January.

The company raised $163 million in a Series D round and $26 million in a secondary round from new investors including Sozo Ventures, Willoughby Capital, Localglobe and ADQ, according to a statement reviewed by Bloomberg News. Existing investors, including General Catalyst and Khosla Ventures, also participated.

The increase comes after Sword Health was valued at $110 million in a January 2021 round and at $485 million in its most recent Series C round from June, according to Virgilio Bento, Sword Health’s founder and chief executive officer.

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