Royal Philips and the Singaporean state-owned EDBI will accelerate a digital health investment partnership that has just made its first deal.
Netherlands-based electronics and healthcare technology manufacturer Royal Philips has boosted the digital health investment agreement it has in place with Singaporean state-owned venture capital fund EDBI.
Philips and EDBI launched the joint investment partnership in early 2016 with a view to investing in connected health technology that could be beneficial in the Asian healthcare market.
The first company to have received funding through the initiative is CXA Group, the Singapore-based employee benefits and wellness marketplace that closed a $25m series…
