Babylon Health was a digital-first healthcare company providing virtual consultations with doctors and health professionals via text and video messaging through its mobile application. The company combined AI-driven technology with telemedicine to offer primary care, behavioral health, chronic care management, and referrals to in-person care. Founded in 2013 in London, Babylon expanded to 17 countries before collapsing into administration and bankruptcy in 2023.
Babylon Health has filed for bankruptcy
This company is no longer available on our private secondary market.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2013
Employees
2,100–2,600
Total Funding
$967M
6 rounds
Latest Valuation
$4.2B
Jun 3, 2021
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Total raised $967M across 6 rounds
Last updated 06-25-2026
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| Jun 3, 2021 | PIPE (pre-SPAC) Press release | $230M | $4.2B | Not named |
| 2020 | Convertible note | $100M | — | Not disclosed |
| Aug 2, 2019 | Series C TechCrunch | $550M | $2B | Public Investment Fund |
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Entry · Series C
$2B
Aug 2019
Babylon Health today
$4.2B
Jun 2021 · latest mark
Babylon Health multiple
2.1x
valuation uplift since first round
Y-axis is logarithmic. Hollow dots = estimated valuations. Does not represent realized investor returns.
Ali Parsa
Founder & CEO
Michael Cole
Director
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Teladoc Health
Leading global virtual healthcare company operating in 175+ countries offering telehealth, chronic disease management, mental health, and primary care services.
Amwell
Telemedicine platform connecting patients, providers, and payers with partnerships with major healthcare systems and insurers.
Ro
Digital-first healthcare company offering telehealth and prescription services with a focus on accessible primary care.
Oak Street Health
Primary care provider for older adults offering in-person and virtual care services.
One Medical
Direct-pay primary care company offering in-person and virtual healthcare services.
Agilon Health
Value-based primary care company offering in-person and virtual care to Medicare beneficiaries.
Access live market data
Sign UpData collected with AI, which can make mistakes. Please double-check this information.