The funds will go into building multiple functions on the CapBridge platform for companies and investors to tap on, engage with, and exchange content between each other
CapBridge, an online fundraising platform for growth-stage companies, announced today it has secured S$4 million (US$2.9 million) in funding from seasoned early-stage investors, including noted VC investor Tim Draper.
Singapore Exchange (SGX), through its subsidiary Asian Gateway Investments, has also invested in CapBridge in return for a 10 per cent equity.
The funds will go into building multiple functions on the CapBridge platform for companies and investors to tap on, engage with, and exchange content between each other.
Johnson Chen, CEO 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.”
Established in 2015 in partnership with SGX, CapBridge enables companies to connect with smart money investors and manage strategic financing campaigns to raise growth capital. Institutional and accredited investors can participate in the growth funding of mid-to-late stage companies through its online interface.
Customised content sharing also offers co-investors and ultra high net-worth investors on the platform the opportunity to connect with lead investors to improve on the efficiency of the capital investment process.
Early this year, CapBridge partnered with Gordian Capital to launch ‘Pre-IPO Fund’ for growth-stage companies.
Mohamed Nasser Ismail, Senior Vice President and Head of Capital Market Development and Equity Capital Market (SME) at SGX, said: “CapBridge addresses the funding challenges that growth companies face, and adds to the vibrancy of the capital markets here in Singapore. 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.”
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