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Babylon Health

HealthtechUK
💀 Dead / Bankrupt
Peak $4.2 BillionToday
~-99%
from peak
  1. 🦄
    Became a unicorn
    2019
  2. 📈
    Peak valuation
    $4.2 Billion ’21
  3. 💔
    Became a Unitard
    2023
  4. 💸
    Last valuation
    ~$0
Current status
Bankrupt/delisted 2023

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, an overstretched US expansion, and an inability to raise further capital led to its collapse. The company was effectively wound down and delisted in 2023, wiping out nearly all of its value (~-99%).

Source: Sifted/Better Markets