Deals
Saverin-Backed Health Startup Seeks Funds at $250 Million Value
- CXA is “going back out” after signing long-term deals
- Founder Koo is still aiming for unicorn status in three years
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CXA Group, a Singapore-based health service backed by Facebook co-founder Eduardo Saverin, is again hitting up investors. Founder Rosaline Chow Koo said her startup intends to start a new round of funding to try and raise at least $50 million at a $250 million valuation.
The goal is still for CXA to achieve profitability mid- to late next year and unicorn status -- or a valuation of $1 billion or more -- within three years, Koo told Bloomberg’s Sooner Than You Think conference in Singapore. The company is seeking funding in the wake of securing long-term contracts with insurers and other customers, she added.