Walkers Acts on Funding for Major British Medtech Group Babylon Valued at $2bn

Walkers' team in Jersey has advised a long standing British tech "unicorn" client on a significant funding round which values it at more than $2 billion.

A Walkers team, led by partner Mark Crichton, advised Babylon Health – the company behind the GP at Hand app and Ask Babylon – on its $550 million fund-raising.

Babylon already offers medical services and advice online in the UK and in Rwanda – with the latest round funding secured, it now plans to expand into the US and Asia, and also to expand R&D into diagnosis of chronic conditions.

The team advising on the Jersey law elements of the fund raising included senior associate Bella Ward, working alongside UK counsel Taylor Wessing and US counsel Wilson Sonsini Goodrich & Rosati.

Mark said: "In the past 4 years that we've been acting as Jersey counsel for Babylon, we've seen them go from strength to strength, and, in acting on the Jersey aspects of this major funding round it has been great to be a small part of this massive British tech success story."

JERSEY
Mark CrichtonPartnerT +44 (0)1534 700 783mark.crichton@walkersglobal.com
Bella WardSenior AssociateT +44 (0) 1534 700 772bella.ward@walkersglobal.com