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November 12 , 2021 babylon Babylon Delivers Strong Third Quarter 2021 Operational and Financial Results • Third quarter 2021 revenue grew 371 % year - over - year to $ 74.5 million Signed contracts in H2 2021 in the US and UK added approximately 135,000 value based care members • Total contracts exceed $ 60 million monthly run - rate revenue once fully launched • Contracted to serve , by the beginning of 2022 , over 24 million people , with the technology platform and fee - based clinical services , and manage over 350,000 lives globally , making Babylon one of the largest value - based care providers • Completed merger with Alkuri Global Acquisition Corp. and started trading on New York Stock Exchange , under the ticker symbol BBLN , with approximately $ 460 million of new capital raised • Signed new collaboration framework with Microsoft with the aim to accelerate and enhance current Al and Machine Learning , and promote Babylon technology on Microsoft Exchange PALO ALTO , Calif , & LONDON -- ( BUSINESS WIRE ) -- Babylon Holdings Limited ( NYSE : BBLN ) ( " Babylon " ) , one of the world's fastest - growing digital healthcare companies , today announced its financial and operating results for the third quarter ended September 30 , 2021 . Ali Parsa , CEO and Founder of Babylon , said : " Again Babylonians delivered exceptional results , with Q3 revenue growing 371 % year - over - year , and signing new contracts to manage over 350,000 lives globally by the start of 2022. Yet this is not even day one for us . We are only just getting started as we gain momentum and look to re - engineer every touch point in the healthcare continuum . " " Since our inception , we have delivered excellent returns for our investors . As we begin the next phase of our journey as a public company , we believe we can continue to do so as we focus on delivering excellent value propositions for our patients and partners . " Babylon received gross proceeds of approximately $ 460 million , including debt funding with AlbaCore , following the completion of the previously announced merger transaction with Alkuri Global Acquisition Corp. , to fund its continued growth and ongoing operations supporting 24 million members worldwide . Babylon shares initiated trading on the NYSE under the new ticker symbol BBLN on October 22 , 2021 . Third Quarter Financial Results and Operating Metrics Summary Comparison of the following financial results and operating metrics for the three months ended September 30 , 2021 , compared to the three months ended September 30 , 2020 : • Revenue totaled $ 74.5 million compared to $ 15.8 million , an increase of 371 % year over - year . This was primarily driven by the growth in value - based care revenue , which