Saudi Arabia fund to spend money on Babylon Well being

Digital well being start-up Babylon Well being is to obtain
an funding from Saudi Arabia’s Public Funding Fund to assist drive its
worldwide growth. 

The corporate, whose app lets individuals e book digital
appointments with their GPs and order prescriptions, is elevating capital
to broaden its operations in North America and broaden in the
Center East and China.

Based on the Monetary Occasions, discussions with Saudi
Arabia’s sovereign wealth fund might end in it main a brand new
funding spherical that is because of be introduced subsequent week.

Babylon, which was based six years in the past by Ali Parsa (pictured), operates primarily within the UK and Rwanda however has been spending closely on rising its abroad presence. 

Babylon Well being declined to touch upon the fundraising.
Saudi Arabia’s Public Funding Fund did not reply to requests to
remark.