Kinnevik Results Presentation Deck
WE SEE SIGNIFICANT OPPORTUNITIES IN THE INTERSECTION OF VIRTUAL AND VALUE-
BASED CARE, AND AIM TO REPEAT OUR SUCCESS IN VIRTUAL SPECIALITY CARE
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babylon
This Quarter in Healthcare
Going
public
Scalable, digital-first, value-based care provider
Eight years after being founded by Ali Parsa, Babylon is
becoming a listed company through a SPAC merger with
Alkuri, raising USD 575m in gross proceeds
The transaction implies a USD 4.2bn valuation,
corresponding to a 5.5x return and a 65% IRR since we first
backed the company back in 2016
Babylon covers 24 million lives, with 90,000 capitated lives
in the US, and helps a patient every 5 seconds
Source: Babylon investor announcement presentation, June 2021
Healthcare Services
Supported by the capital raised, Babylon will continue to
expand its services both with existing and new clients,
focusing on rapidly scaling its US operations
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Parsley Health
New
Holistic health platform for women's chronic conditions
Parsley Health is a virtual-first consumer subscription service
founded by Robin Berzin, caring for and supporting chronic
conditions for women - a notoriously underinvested area of
healthcare
We led the company's recent funding round with a
USD 23m investment after having spent several years
looking at companies in the women's health space
Robin's business represents the future of virtual care
delivering peronalised, tailor made experiences to patients
in a longitudinal care model that lets patients engage with
the same physician over time
We will actively work to support the company, drawing on
our extensive experience in building condition-specific
virtual care companies
Our healthcare portfolio continues to evolve and adapt to a rapidly evolving landscape of services and delivery models,
and we have seen close to SEK 25bn in value creation since our first investment in Babylon in early 2016
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