SGX will take a 10% equity stake in a CapBridge subsidiary, CapBridge Platform, through its subsidiary Asian Gateway Investments (AGI). The agreement is subject to closing conditions.
Johnson Chen, Chief Executive of CapBridge, said, “CapBridge has seen steady success as an innovative capital raising platform for companies in the mid-to-late stage of growth. With this investment and our strategic partnership with SGX, we will strengthen ongoing efforts to simplify and equalise the fundraising process between growth companies and potential investors. We are heartened that SGX – Asia’s most international exchange – has seen fit to make this deeper commitment to our partnership, and we are excited to continue working with them to create a virtuous ecosystem of capital flow.”
Mohamed Nasser Ismail, Senior VP and Head of Capital Market Development and Equity Capital Market (SME) at SGX, said, “CapBridge addresses the funding challenges growth companies face, and adds to the vibrancy of the capital markets here in Singapore. SGX is committed to supporting the development of the CapBridge online platform, and this partnership syncs well with our broader drive to ensure that every company, at each stage of their growth, has access to capital that is efficient, cost-effective and sustainable. We intend to leverage on CapBridge’s experience and together explore the feasibility of building on their platform to develop a fully integrated private market in Singapore.”
This financing round for CapBridge group was also supported by a selective group of seasoned early stage investors, including US-based venture capitalist Timothy Draper.
CapBridge Platform operates a capital-raising e-marketplace connecting investors and mid-to-late stage companies seeking strategic financing campaigns to raise growth capital. Deal types include venture capital financing and pre-IPO placement. In September 2017, US-based startup Nautilus Data Technologies successfully raised US$25 million in a Series C preferred stock funding exercise via CapBridge. Investors included a unit of Singapore’s Keppel Telecommunications & Transportation.
Mohamed Nasser Ismail, Senior VP and Head of Capital Market Development and Equity Capital Market (SME) at SGX, said, “CapBridge addresses the funding challenges growth companies face, and adds to the vibrancy of the capital markets here in Singapore. SGX is committed to supporting the development of the CapBridge online platform, and this partnership syncs well with our broader drive to ensure that every company, at each stage of their growth, has access to capital that is efficient, cost-effective and sustainable. We intend to leverage on CapBridge’s experience and together explore the feasibility of building on their platform to develop a fully integrated private market in Singapore.”
This financing round for CapBridge group was also supported by a selective group of seasoned early stage investors, including US-based venture capitalist Timothy Draper.
CapBridge Platform operates a capital-raising e-marketplace connecting investors and mid-to-late stage companies seeking strategic financing campaigns to raise growth capital. Deal types include venture capital financing and pre-IPO placement. In September 2017, US-based startup Nautilus Data Technologies successfully raised US$25 million in a Series C preferred stock funding exercise via CapBridge. Investors included a unit of Singapore’s Keppel Telecommunications & Transportation.
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