Sword Health acquires Kaia Health

● STRATEGIC | HEALTHCARE · Behavioral Health & Wellness

JANUARY 28, 2026

Sword Health acquires Kaia Health

TARGET

Mobile app delivering AI-guided exercise therapy, mindfulness, and coaching for musculoskeletal pain and COPD, sold to employers and health plans.

Deal value	$285M deal value
Ownership	VC-backed · Hedosophia, Optum Ventures, Eurazeo, Balderton Capital, Heartcore Capital +3 more
Capital raised	$125M
Headcount	51-200 FTEs
Headquarters	New York, New York
Sell-side advisor	—

ACQUIRER

Sword Health

Digital musculoskeletal health platform

Ownership	VC-backed · General Catalyst, Khosla Ventures, Founders Fund, Sapphire Ventures, BOND Capital
Capital raised	$380M
Headcount	1,189 FTEs
Headquarters	New York, New York
Buy-side advisor	—

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Sword Health -> Kaia Health  (2026-09-18)
strategic_acquisition | Healthcare | $285M | announced
Target: Mobile app delivering AI-guided exercise therapy, mindfulness, and coaching for musculoskeletal pain and COPD, sold to employers and health plans.
Website: kaiahealth.com | Buyer site: swordhealth.com
HQ: New York, New York | Ownership: vc-backed | Buyer ownership: vc-backed
Advisors - not yet credited
Source: Thematic - https://thematichq.com/software/d/sword-health-kaia-health.html

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