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B Capital Group and EDBI Lead Series B Round for CXA Group (Asia)

Venture capital firm B Capital Group and EDBI, the corporate investment arm of Singapore Economic Development Board, have led a Series B round of US$25 million for Singapore-based health technology startup CXA Group. Netherlands-based technology company Philips and RGAx, a subsidiary of Reinsurance Group of America, also participated in the round. CXA plans to use the new capital to support its expansion in Asia beyond Singapore and Hong Kong to China, India, Indonesia, Japan, Malaysia, Philippines, South Korea, Taiwan and Thailand.