Babylon Health

HealthtechUK
πŸ’€ Dead / Bankrupt
PeakΒ $4.2 BillionToday
~-99%
from peak
  1. πŸ¦„
    Became a unicorn
    2019
  2. πŸ“ˆ
    Peak valuation
    $4.2 Billion ’21
  3. πŸ’”
    Became a Unitard
    2023
  4. πŸ’Έ
    Last valuation
    Wiped out
πŸ”₯ Raised & burned
$735M
Total raised
$200K/day
Burned Β· 10.0y alive
Funding: CB Insights / Tracxn / Crunchbase
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 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. 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 the same morning and no severance. Insiders described repeated redundancy rounds, each preceded by assurances there would be no more.

Employee accounts paraphrase anonymous, unverified reviews posted publicly on Glassdoor β†—. See our methodology.

Source: Sifted/Better Markets

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