Babylon Health raises $550m in the largest ever fundraising in the European or US digital health sector


Babylon Health, an international UK-based digital health subscription provider, has announced its $550m investment to cover chronic conditions, and expansion into the US and Asia. This is the largest ever fundraising in the European or US digital health sector and values Babylon Health at over $2bn.

The raise brought in a series of new strategic partners for Babylon. PIF, one of the world's largest sovereign funds; one of the largest US health insurers; ERGO Fund of global reinsurer Munich Re; and existing Babylon shareholders Kinnevik AB; and Vostok New Ventures, committed over $450m (which includes an option for one party to invest an addition USD50 million to be exercised at a later date), with the remainder expected to be closed shortly.

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