New Enterprise Associates, an American-based venture capital firm, led a $10m seed funding round in LXA, a technology startup focused on reimagining Asia's mortgage ecosystem, with participation from Openspace Ventures and EDBI. "We founded LXA to create an institutional channel for the large capital pools of insurance, pension funds, sovereign funds, and endowments to access the highly desirable local currency mortgage asset class. Our technology platform is designed to create value for all stakeholders involved in the mortgage ecosystem. With our world-class executive team, support from top-notch investment partners and strong technology foundation, we are excited about bringing this innovation to Asia. Beyond being good business and highly customer-centric, this has the potential to drive economic growth and prosperity in Asia," Kishore Moorjani, LXA CEO.