What is CXA Group?
Founded in 2013, CXA Group operates as Asia's premier employee ecosystem platform, designed to bridge the gap between traditional, paper-based benefits and modern, data-driven wellness solutions. The platform empowers employers to provide personalized health and lifestyle choices, effectively shifting the focus of corporate healthcare spend from reactive treatment to proactive prevention. By leveraging advanced technology, CXA provides quantifiable ROI for businesses while improving the overall health outcomes of more than 700,000 employees. The company's leadership team, comprised of veterans from the insurance, finance, and HR sectors, has successfully navigated the complexities of the Asian market to establish a robust, scalable model that integrates seamlessly into the modern enterprise environment.
How much funding has CXA Group raised?
CXA Group has raised a total of $58M across 3 funding rounds:
Series A
$8M
Series B
$25M
Series C
$25M
Series A (2015): $8M with participation from BioVeda Capital and Openspace Ventures
Series B (2017): $25M led by Reinsurance Group of America, Philips, and FengHe Asia
Series C (2019): $25M supported by EDBI, Heritas Capital, Humanica, MDI Ventures, B Capital Group, Muang Thai Fuchsia Ventures, Openspace Ventures, Sumitomo Corporation Equity Asia, HSBC, and Singtel Innov8
Key Investors in CXA Group
EDBI
EDBI is a global investor based in Singapore, focusing on high-growth technology sectors since 1991. The company aims to create value and empower businesses to build sustainable legacies through strategic investments.
B Capital Group
B Capital is a venture capital firm that focuses on empowering entrepreneurs by investing in early and late-stage companies within the Technology, Healthcare, and Climate sectors.
Openspace Ventures
Openspace Capital is a multi-strategy asset manager specializing in Southeast Asia, with a focus on tech-native and tech-enabled businesses across various stages of development.
What's next for CXA Group?
With the support of its latest funding, CXA Group is well-positioned to accelerate its mission of transforming the delivery of employee benefits on a global scale. The company is expected to focus on deepening its technological capabilities, expanding its footprint in emerging markets, and further refining its data analytics to drive better health outcomes. As the demand for integrated, digital-first employee wellness solutions continues to rise, CXA's strategic focus will likely remain on enhancing its platform's interoperability and expanding its network of healthcare and lifestyle partners. By maintaining its commitment to innovation and operational excellence, the firm is poised to set new standards for the InsurTech sector, ensuring that both employers and employees derive maximum value from their benefits ecosystems.
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