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The fall of Babylon: Failed telehealth startup once valued at $2B goes bankrupt

The fall of Babylon: Failed telehealth startup once valued at $2B goes bankrupt
PrivCo's Daily Stack ® is a daily financial newsletter, where you'll find the latest fundings and deals in the private market.
September 2, 2023

What We're Reading

  • The fall of Babylon: Failed telehealth startup once valued at $2B goes bankrupt, sold for parts [TechCrunch]  
  • Lidl recalls Paw Patrol snacks after website on packaging displayed porn [TechCrunch] 
  • YouTube Music gets more social, adds comments to the ‘Now Playing’ screen [TechCrunch] 
  • Starfield review: Guns and ships galore, but a vacuum of wonder [TechCrunch] 

Trending Companies

Moxie, a firm that provides management solutions to entrepreneurs, raises $15.7MM Equity Funding from SignalFire.

Consulting • Brooklyn, NY • Post-Money Valuation


AllSeated, a developer of a cloud-based event planning platform intended to offer event planning tools to save time and streamline planning, raises $20MM Equity Funding from Level Structured Capital.

Cloud • San Francisco, CA • Post-Money Valuation


AeroSafe Global, an advanced materials and chemical manufacturing company, raises $43MM Equity Funding from NewSpring Health Capital.

Chemicals • Rochester, NY • Post-Money Valuation


Trulite, a firm that offers health equity solutions, raises $7MM Series A from Osage Venture Partners.

Software Development • Tempe, AZ • Post-Money Valuation


Fianu, a company that provides automated governance and continuous compliance, raises $2MM Seed from DataTribe.

Software • Washington, DC • Post-Money Valuation


Kiki, a company that developed an invite only subletting club, raises $6MM Seed from Blackbird Ventures.

Rental Property • New York, NY • Post-Money Valuation


Mercury Bio, a company that developed a drug delivery platform designed to unleash the potential of RNA and small-molecule drugs, raises $2MM Seed from undisclosed investors.

Drug Research • Santa Fe, NM • Post-Money Valuation


Voxel, a developer of artificial intelligence based workplace safety solutions, raises $12MM Equity Funding from Rite Hite.

Platform • San Francisco, CA • Post-Money Valuation


Better Life Partners, a company that provides medical and behavioral health services to help people heal from addiction, raises $26.5MM Series B from aMoon.

Addiction Treatment • Hanover, NH • Post-Money Valuation


Superluminal, a company developing a differentiated pipeline and revolutionizing the speed and accuracy of how medicine is created, raises $33MM Seed from RA Capital Management.

Biotechnology • Boston, MA • Post-Money Valuation



FFL Partners invests in Johnson County Clin-Trials, a firm that offers clinical research services.

Clinical Trials • Lenexa, KS • Deal


CareerMinds acquires Premier Virtual, a firm that provides a virtual recruitment software-as-a-service (SaaS) platform.

Enterprise Software • Lake Worth, FL • Deal


CAI Software acquires Alterity, a company that focuses on supporting growing, small to midsize distributors, online retailers, and manufacturers via software solutions.

IT Consulting • Arlington, TX • Deal


Dunes Point Capital acquires Warshaw, a firm that distributes electrical products intended to serve both commercial and individual customers.

Electrical • Ridgewood, NY • Deal


Veritas Farms acquires Asystem, a firm that produces pain relief products intended to boost the body's immunity and resilience.

Health Care Products • Venice, CA • Deal


Intertek Group acquires PlayerLync, a company that developed a mobile workforce enablement platform.

Workflow Management • Greenwood Village, CO •  Deal


Sony Interactive Entertainment to acquire Audeze, a manufacturer and distributor of headphones.

Consumer Products • Santa Ana, CA • Deal


One80 Intermediaries acquires GMI Insurance, a company specializing in commercial transportation insurance.

Insurance • Phoenixville, PA • Deal


UST acquires MobileComm, a company that provides wireless network deployment and installation services.

Telecommunications • Richardson, TX • Deal


Reveal acquires IPRO, a company that provides integrated litigation, eDiscovery & information governance solutions.

Legal Tech • Tempe, AZ • Deal


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