# CXA Group Pte

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cxa-group-pte

- Industry: Insurance
- Headquarters: Singapore, Singapore
- Website: www.cxagroup.com
- Total disclosed funding: $59M
- Latest round: Series B (Mar 8, 2021)
- Investors on record: 14

## About

CXA Group Pte Limited provides an integrated employee health ecosystem utilizing technology and data analytics to enhance the health, wealth, and wellness of employees through proactive solutions and personalized benefits.Founded in 2013 in Singapore, CXA Group Pte Limited specializes in employee health management solutions. The company has secured a total of 4 deals, with its most recent funding round being a Series B of USD 26.47 mn on March 8, 2021, co-led by B Capital Group and EDBI, with participation from Koninklijke Philips N.V., RGAx, and other returning investors. CXA Group is led by CEO Rosaline Koo, who has previously co-founded other ventures.CXA Group offers a comprehensive employee health ecosystem that combines health, wealth, and wellness services. The company’s main offerings include a wellness eMarketplace and customized benefits solutions that leverage artificial intelligence, enabling employers to address the unique needs of their workforce. The services are designed for large organizations, reaching over 400,000 users across 600 companies, including HSBC and Humanica, primarily in markets such as Singapore, Malaysia, and Indonesia.In the most recent fiscal year of 2021, CXA Group reported revenue of USD 267,481.90, with an EBITDA of USD -3,897,044.80, reflecting the company’s ongoing investment in growth and development of its service offerings.CXA Group plans to utilize the recent Series B funding of USD 26.47 mn to enhance its product offerings and expand its market reach. The company is currently developing new features for its wellness eMarketplace and aims to launch these enhancements by late 2023. Additionally, CXA Group is targeting expansion into emerging markets in Southeast Asia, specifically Indonesia and the Philippines, by 2024. The recent funding will support these initiatives, allowing CXA to focus on product innovation and geographical growth.

## Funding rounds

- Series B, Mar 8, 2021, $26M — SG Growth Capital, Koninklijke Philips N.V., B Capital, RGAx, Mojo Partners, Openspace Capital
- Series C, Mar 12, 2019, $25M — HSBC Bank, SG Growth Capital, Singtel Innov8, Humanica Public Company Limited, Sumitomo Corporation Equity Asia, MDI Ventures, Openspace Capital, Octave Capital, Fuchsia Venture Capital
- Series A, May 27, 2016, $7.9M — Mojo Partners, Openspace Capital, Wood Owl Limited

## Investors

- Mojo Partners — Series A, Series B
- Openspace Capital (https://capitalatlas.ai/funds/openspace-capital) — Series A, Series C, Series B
- Wood Owl Limited — Series A
- HSBC Bank — Series C
- SG Growth Capital (https://capitalatlas.ai/funds/sg-growth-capital) — Series C, Series B
- Singtel Innov8 (https://capitalatlas.ai/funds/singtel-innov8) — Series C
- Humanica Public Company Limited — Series C
- Sumitomo Corporation Equity Asia (https://capitalatlas.ai/funds/sumitomo-corporation-equity-asia) — Series C
- MDI Ventures (https://capitalatlas.ai/funds/mdi-ventures) — Series C
- Octave Capital (https://capitalatlas.ai/funds/octave-capital) — Series C
- Fuchsia Venture Capital (https://capitalatlas.ai/funds/fuchsia-venture-capital) — Series C
- Koninklijke Philips N.V. — Series B
- B Capital (https://capitalatlas.ai/funds/b-capital) — Series B
- RGAx — Series B