This week, Andrii Degeler and Natalie Novick discuss the mega-round of Babylon Health where the controversial fund PIF was among the investors, the tax relief claimed by Rockstar North that hasn’t paid corporation taxes in years, new research on e-scooters and climate risks, Cloudflare dropping 8chan, and much more. In addition to that, listen to an interview with Conny Weber, senior research analyst at the European Crowdfunding Network.
Today Babylon announced a $550 million investment to fund product innovation and to expand internationally to the US and Asia. This raise, which is the largest ever fundraise in the European or US digital health delivery sector, brought in a series of new strategic partners for the company. PIF and ERGO Fund of global reinsurer […]
UK medtech startup Babylon Health has raised $60 million for its AI-based medical advice app. The investment comes from NNS holdings, Vostok New Ventures, and existing investor Kinnevik. The Financial Times reports that this round also included particiation from Sawiris, an Egyptian billionaire business family. Last year Babylon raised $25 million in Series A Funding. This lastest round brings the company’s valuation to $200 million, according to the FT.
Several months on from a $25 million funding round, Babylon Health considers the future of AI and GPs in healthcare.