CapBridge secures investments in its Series A extension

Source: IBS Intelligence 2020-05-22

Singapore-based CapBridge Financial announced that it has received equity investments from SGInnovate and Cyberport Macro Fund, thereby further said to be attesting to its strong government support and growing regional network. CapBridge is an integrated private market eco-system comprising over US$2 billion of investable deals and is said to be Singapore’s first regulated securities exchange for private companies.

SGInnovate is wholly owned by the Singapore Government that helps entrepreneurial scientists build and scale Deep Tech startups through equity-based investments, access to talent, and business-building advice. Launched in 2016, Cyberport Macro Fund enables start-ups to go global by connecting them with overseas partners and investors to co-invest through the Cyberport network.

Johnson Chen, founder and CEO of CapBridge enthused, “We are very encouraged by the confidence in CapBridge demonstrated through the investments from SGInnovate and the Cyberport Macro Fund. The global economy has been severely impacted by the coronavirus pandemic, creating unprecedented challenges for many companies seeking growth capital. With the support of SGInnovate and Hong Kong Cyberport, as well as our other shareholders, CapBridge is committed to supporting the needs of these companies in an increasingly interconnected and digitalised global capital markets environment.”

Dr Lim Jui, CEO, SGInnovate elucidated, “The disruptions caused by the COVID-19 pandemic have underscored the urgency for alternative fundraising pathways, enabled by Deep Tech and enhanced connectivity. The CapBridge platform has the potential to optimise the capital raising experience for growth companies in Singapore and the region. We are pleased to support them as they look to improve access to private markets through technology, for companies and investors alike.”

With support from SGInnovate, CapBridge is expected to accelerate the development of its technology solutions, and deploy blockchain technology to optimise share tracking, private equity investments, and securities trading settlements for private companies.

Dr George Lam, Chairman of Cyberport enunciated, “As the largest digital tech community in Hong Kong, Cyberport is committed to fostering digital tech development and entrepreneurship. We are delighted to have this opportunity to work with CapBridge and this co-investment will help to unlock value for private companies and family businesses, as well as the investors keen on pursuing private market diversification. I believe Hong Kong’s development in innovation and technology will continue to march forwards while seizing new opportunities arising from other international cities. We look forward to building a closer relationship with CapBridge and believe it will add vibrancy to Hong Kong’s capital markets.”

Along with the investment from Cyberport Macro Fund, CapBridge expects to further scale up its presence in Hong Kong to serve the growing interest in private markets from the region.

The CapBridge Financial private markets solution helps companies and investors unlock value via a uniquely integrated primary syndication and secondary trading approach. CapBridge Financial holds a Capital Markets Services Licence through its primary online syndication platform, and the Recognised Market Operator licence through Singapore’s first regulated private securities exchange, the blockchain-based 1exchange (1X).

CapBridge secures investments in its Series A extension

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