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Polychain Capital And Hack Vc Lead $18 Million Funding Round For Bitcoin Staking Protocol Babylon

PRIVATEDec 07, 2023

Amount Raised

$18 Million

Round Type

Funding Round

Palo AltoSecurityBlockchainCryptocurrency

Investors

DhvcIDGIOSG VenturesSymbolic CapitalBreyer CapitalFinality CapitalOKX VenturesCastle Island VenturesPolygon VenturesFramework VenturesHack VCPolychain Capital

Description

Babylon, the project that aims to build a Bitcoin-secured decentralized world, today announced the close of its $18 million funding round. The round was co-led by Polychain Capital and Hack VC, with participation from Framework Ventures, Polygon Ventures, Castle Island Ventures, OKX Ventures, Finality Capital, Breyer Capital, Symbolic Capital, IOSG Ventures and many other investors. The funds will be used to bolster the advancement of Babylon's Bitcoin Staking protocol, which converts the 21 million bitcoins into a decentralized staking asset for the Proof-of-Stake economy in a trustless way.

Quick answer

Babylon raised $18 Million in a Funding Round round, dated December 7, 2023. Investors: Dhvc, IDG, IOSG Ventures, Symbolic Capital, Breyer Capital, Finality Capital, OKX Ventures and Castle Island Ventures. Babylon is based in Palo Alto, California, United States.

How much did Babylon raise?
Babylon raised $18 Million in a Funding Round round on December 7, 2023.
Who invested in Babylon?
Dhvc, IDG, IOSG Ventures, Symbolic Capital, Breyer Capital, Finality Capital, OKX Ventures and Castle Island Ventures are named as investors in this round.
What does Babylon do?
Babylon is one of the world’s fastest growing digital healthcare companies whose mission is to make high-quality healthcare accessible and affordable for every person on Earth.
Where is Babylon based and how big is it?
Babylon is based in Palo Alto, California, United States. Fundz records about 70 employees.
Who are the decision-makers at Babylon?
Fundz holds 5 contacts at Babylon. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Security and Blockchain around the same time

Companies in the same sectors as Babylon that raised within 45 days of this round, from Fundz verified event records.

  • Mega Matrix raised $7.5M on January 17, 2024.
  • Nakamoto raised $444K (Seed) on December 28, 2023.
  • Lolli raised $8M (Series B) on December 14, 2023.
  • Andalusia Labs raised $48M (Series A) on December 13, 2023.
  • Crypto Co raised $50K (Seed) on November 24, 2023.
  • Rho Labs raised $2.2M (Seed) on November 16, 2023.

Who to call at Babylon, and when

A new round usually means Babylon is about to hire and buy. The teams that reach out first get the meeting.

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  • The decision-makers there, with verified emails
  • Who you already know at Babylon, from your own LinkedIn network

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Company Information

Company

Babylon

Location

Palo Alto, California, United States

About

Babylon is one of the world’s fastest growing digital healthcare companies whose mission is to make high-quality healthcare accessible and affordable for every person on Earth. Babylon is re-engineering how people engage with their care at every step of the healthcare continuum. By flipping the model from reactive sick care to proactive healthcare through the devices people already own, it offers 24 million people globally ongoing, always-on care. Babylon has already shown that in environments as diverse as the developed UK or developing Rwanda, urban New York or rural Missouri, for people of all ages, it is possible to achieve its mission by leveraging its highly scalable, digital-first platform combined with high quality, virtual clinical operations to provide integrated, personalized healthcare. Founded in 2013, Babylon’s technology and clinical services is supporting a global patient network across 15 countries, with 15 languages available. And through a combination of its value-based care model, Babylon 360, and its work in primary care through NHS GP at Hand, Babylon will manage c. 350k capitated budget lives globally by 2022. In the first half of 2021 alone, Babylon helped a patient every 5 seconds, with approximately 1.7 million AI interactions and 1.3 million consultations. Importantly, this was achieved with more than a 95% user retention rate and 5 star rating from circa 90% of our users. Babylon is already working with governments, health providers and insurers across the globe in order to provide them with a new infrastructure that partners can use to deliver high-quality healthcare with lower costs and better outcomes. For more information, please visit www.babylonhealth.com.

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Babylon raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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