Singapore's CXA Group gets $25m, adds Facebook co-founder to board
07-Feb-17, Mobihealthnews
Singapore-based health technology startup CXA Group, which offers an employee benefits and wellness marketplace platform, has raised $25 million in Series B funding in a round led by B Capital Group and EDBI. Additional funding came from Philips and RGAx, a subsidiary of Reinsurance Group of America.
%20CXA%20Group.png "Singapores CXA Group gets 25M adds Facebook cofounder to board (c) CXA Group")
Image: CXA Group
CXA was founded in 2013, and the company says its benefits and wellness marketplace platform is Asia’s first. The SaaS platform uses health screening, lifestyle risks, and data from claims and wearable sensors to predict future premium costs, and CXA designs data-driven wellness and disease management programs to improve employee health.
In addition to leading the investment, B Capital Group cofounder Eduardo Saverin (who was a cofounder of Facebook) will join the company’s board.