health monitoring app

UK-based Babylon, a remote care company, has raised $25 million in a round led by Investment AB Kinnevik with participation from Hoxton Ventures, Innocent Drinks cofounders Richard Reed, Adam Balon, and Jon Wright, as well as Deepmind cofounders Demis Hassabis and Mustafa Suleyman.

The medical app market was worth $489 million in 2015 and nearly 40 percent of sales came from health monitoring apps, according to a report from research firm Kalorama Information.