New York companies are seeing a wave of new investments

New York companies are seeing a wave of new investmentsPhoto: SWORD Health/Facebook
Hoodline
Published on May 17, 2019

New York-based medical device company SWORD Health has secured $8 million in Series A funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced April 16 and financed by Khosla Ventures.

According to its Crunchbase profile, "SWORD Health developed the first digital therapy solution that addresses the growing demand for physical therapy while reducing costs, empowering patients with their recovery and providing a rich source of data for clinical teams and decision makers."

The five-year-old startup has raised three previous funding rounds, including a $4.6 million seed round in 2018.

The round brings total funding raised by New York companies in health care over the past month to $225 million. The local health care industry has produced 212 funding rounds over the past year, raking in a total of $3.1 billion in venture funding.

In other local funding news, lifestyle company Hatch Collection announced a $5 million Series A funding round on May 13.

According to Crunchbase, "Hatch Collection is a collection of chic, timeless and comfortable wardrobe essentials to wear before, during and after pregnancy and look beautiful throughout all stages of life."

The company also raised a seed round in 2017.


This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.