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Facebook co-founder Saverin backs health marketplace startup CXA

Bloomberg Published on Wed, Feb 08, 2017 / 10:24 AM GMT+8

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SINGAPORE (Feb 8): Facebook Inc. co-founder Eduardo Saverin’s B Capital Group has led a new financing round for a Singapore-based online health insurance service that values the startup at US$100 million ($141.8 million).

Singaporean government investment vehicle EDBI jointly led the US$25 million round in CXA Group alongside Saverin’s outfit, the startup said in a statement Wednesday.

New investors Royal Philips NV and RGAx, a unit of Reinsurance Group of America Inc., and existing backers NSI Ventures and BioVeda Capital also joined the round.

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