Saudi Arabia backs $550 million investment in health start-up Babylon
5 months, 2 weeks ago by kyle | 3 facts | 0 comments | 1 votes

  • British health technology start-up Babylon has raised $550 million in an investment round backed by Saudi Arabia's sovereign wealth fund. - www.cnbc.com
  • The London-based company said Friday that it was now worth $2 billion following the fundraising. - www.cnbc.com
  • Babylon said that $450 million of capital has already been committed, and includes an option for one investor to pump another $50 million at a later date. - www.cnbc.com

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