Singtel Innov8, MDI Ventures, Sumitomo Corporation Equity Asia, Humanica, Fuchsia Ventures, HSBC and the IMC-managed Heritas Venture Fund all invested in the benefits software developer.

Singapore-based insurance technology developer CXA Group received $25m in funding from corporates Singapore Telecommunications, Telkom Indonesia, Sumitomo, Muang Thai Life Assurance, HSBC, Humanica and IMC on Wednesday. Telecommunications firms Singtel and Telkom Indonedia invested through corporate venturing units Singtel Innov8 and MDI Ventures respectively, while diversified conglomerate Sumiotmo took part through Sumitomo Corporation Equity Asia.…

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