Corporates help cover CXA’s $25m series B

Feb 9, 2017 • Thierry Heles

Singapore-based insurance technology producer CXA Group has raised $25m in a series B round featuring diversified conglomerate Philips and RGAx, the accelerator subsidiary of reinsurer Reinsurance Group of America, E27 reported on Wednesday.

The round was co-led by EDBI, the investment arm of the Singaporean government’s economic development board, and venture capital firm B Capital Group. NSI Ventures, a VC firm backed by Singapore government-owned firm Temasek, and VC fund Bioveda Capital also took part.

Founded in 2013, CXA operates…

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