Babylon Health
Company born in London in 2013 with digital doctor consultations and AI tools for patients. A unicorn in 2019, listed on the NYSE in 2021, assets sold to eMed in 2023.
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About Babylon Health
Babylon offered virtual consultations and digital care, with the Babylon 360 value-based care model and digital tools for patients and clinicians through Babylon Cloud Services. It worked with insurers such as Bupa. Founded in London in 2013 by Ali Parsa, it raised a $550M Series C in 2019 at a valuation above $2B and was listed on the NYSE on 22/10/2021 through a SPAC. On 31/08/2023 it sold its UK assets to eMed out of administration; the UK holding was dissolved on 20/11/2024. It is no longer an independent startup.
The Story
Babylon began in London in 2013 with Ali Parsa, became a unicorn in 2019 and listed in 2021; in 2023 its UK assets were sold to eMed.
Products & Services
Key Products
- Consulti medici virtuali
- Babylon 360 (value-based care)
- Babylon Cloud Services
Core Use Cases
- Consulting a doctor remotely
- Managing care with value-based models
- Offering digital tools to patients and clinicians
Market & Clients
Geographic Presence
Funding & Investors
Total Funding
Latest Valuation
Funding Rounds
- 2016 - Series A: circa $25M
Lead: Kinnevik - 2017 - Series B: £48M ($60M)
Lead: Kinnevik - 2019 - Series C: $550M
- 2022 - Private placement: $80M
Key Investors
Founding Team
Founders
Key Executives
- David Humphreys - CFO (10/11/2022)
Key Metrics
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Read AnalysisSources
- JFSC - Babylon Holdings Limited — Jersey Financial Services Commission
- Companies House - BGHL Realisations Limited — Companies House
- Companies House - insolvenza BGHL Realisations — Companies House
- Kinnevik - investimento in Babylon — Kinnevik
- Kinnevik - presentazione Q1 2017 — Kinnevik
- Vostok New Ventures - Annual Report 2017 — Vostok New Ventures
- Tech.eu - Babylon raises funding — Tech.eu
- Kinnevik - Babylon funding round — Kinnevik
- Tech.eu - Babylon raises over half a billion dollars — Tech.eu
- TechCrunch - Babylon Health confirms $550M raise — TechCrunch
- Babylon e Alkuri - annuncio della fusione con SPAC — Babylon (PR Newswire)
- Alkuri - Form 8-K (closing) — SEC
- Babylon - Form 6-K debito — SEC
- Babylon - risultati Q3 2022 — Babylon
- Babylon - prospetto 424B3 — SEC
- Babylon - Form 10-K FY2022 — SEC
- Babylon - Form 8-K bridge — SEC
- Babylon - Form 8-K cessione attivi UK — SEC
- Alvarez & Marsal - Deal Babylon — Alvarez & Marsal
- Healthcare Dive - Babylon Chapter 7 e vendita UK — Healthcare Dive