Babylon Health
HealthtechUK
New to Unitard
💀 Dead / Bankrupt
Peak $4.2 BillionToday
~-99%
from peak
- 🦄Became a unicorn2019
- 📈Peak valuation$4.2 Billion ’21
- 💔Became a Unitard2023
- 💸Last valuationWiped out
🔥 Raised & burned
$735M
Total raised
$200K/day
Burned · 10.0y alive
Funding: CB Insights / Tracxn / Crunchbase
Current status
Bankrupt/delisted 2023
The rise & fall
7 moments · 2013–2023The key moments, with employee sentiment along the way.
2013
2013
Founded in London
Ali Parsa launches an AI symptom-checker and video-GP service with NHS ambitions.
Wikipedia
Aug 2019
Aug 2019
Joins the unicorn club
A $550M round led by Saudi Arabia's Public Investment Fund values Babylon above $2B.
TechCrunch
Oct 2021
Oct 2021
The peak: a $4.2B SPAC listing$4.2B
Merges with Alkuri Global and lists on the NYSE near the top of the digital-health boom.
Sifted
2022
2022
The SPAC hangover
US value-based-care contracts burn cash faster than Babylon can raise it; the stock loses most of its value within a year.
Sifted
2022–23
From the inside · Glassdoor reviews, 2022–23
Glassdoor reviews captured a brutal ending: employees said the entire US staff was terminated by email the day Babylon filed for bankruptcy, with system access cut that morning and no severance — after repeated redundancy rounds, each preceded by assurances there would be no more.
Aug 2023
Aug 2023
Bankruptcy — joins the Unitard Club 💔
A lender-led rescue collapses; the businesses are wound down and the shares delisted, wiping out nearly all value.
Sifted
2023
2023
UK service sold to eMed
The core UK operation is bought out of insolvency by US-based eMed.
Sifted
$4.16Bof peak value erased · 10 years
💬 entries paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗; dated facts carry their source.
How it happened
Babylon Health was a UK digital-health startup offering AI symptom-checking and telemedicine, valued at ~$4.2B when it went public via SPAC in 2021. Mounting losses and an overstretched US expansion it couldn't fund led to collapse; the company was wound down and delisted in 2023, wiping out nearly all its value.
Source: Sifted/Better Markets
Where they went
- Ali Parsafounder & CEOFounder at Quadrivia AI
Current roles as self-reported on LinkedIn, retrieved 2026-08-19. See our methodology.
